County saves on insurance premiums - WALB.com, Albany News, Weather, Sports

County saves on insurance premiums

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Dougherty County Commissioners unanimously approved using new companies for life and disability insurance for county employees. It should cut costs by 35%.

Commissioners say the coverage will be just as good but much cheaper. They considered plans from 22 carriers.

They chose Minnesota Life, which reduced current costs by 39%, and Prudential that reduced costs by 21%.

Commissioners say it just their latest effort to try to save taxpayers money on health care costs.

"All of those achieves are building a foundation that will continue to control costs, and try to keep benefits where they are and to try and keep employee premiums where they are without having to raise rates, without having to make increases in costs, or decreases in benefits," said Spencer Allen, Sr. Vice President of Wells Fargo Insurance Services.

The changes will go into effect July 1st. The rates are guaranteed until January 1, 2015.

 

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