City to get quotes from local insurance agencies
by Eric Snyder --
Apr 05, 2006 | 0 0 comments | 3 3 recommendations | email to a friend | print
Facing almost $22,000 in increased health-insurance costs for its employees through its current provider, the city is to receive quotes from two local insurance agencies to see if they can provide better, or at least comparable, deals.

The Cadiz Finance Committee, which met Wednesday, March 29 — the second time in two weeks — announced they were taking quotes from Lake Barkley Insurance and the Trigg County Insurance Agency for health coverage of the city’s 30 employees.

Twenty-five employees currently take advantage of the city’s health insurance, which is provided through the Kentucky League of Cities.

As Chairperson Donna McNichols put it in the previous meeting, “We can’t just assume [the Kentucky League of Cities] has the best deal on the table.”

The $22,000 in increased fees represents a 16.67 percent increase for the city.

The city must renew or decline its plan through the League of Cities by April 24. City Administrator Hollis Alexander said the local insurance agencies felt confident they could have quotes ready by then for the city.

Alexander also said that, though they couldn’t guarantee they’d be cheaper, “they think they can be comparable.”

If the agencies come back with competitive quotes, they will be asked to make presentations to the full city council in a special-called session.

McNichols said that the quotes can’t just come back cheaper, but must also provide coverage similar to what the city already receives.

“We need to compare apples to apples,” she said.

Committee member Manuel Brown said they should not let the April 24 deadline rush them into making a hasty decision.

For the rest of this story, please see this week's edition of The Cadiz Record.
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