RECAP OF GROUP INSURANCE APPROPRIATION
Following is a recap of the Municipality's Employee Group Insurance
Estimated Group Insurance Costs - 2024
$
1,450,000.00
Estimated Amounts to be Contributed by Employees:
Contribution from all eligible emp.
329,000.00
1,121,000.00
Budgeted Group Insurance - Inside CAP
1,375,000.00
Budgeted Group Insurance - Utilities
Budgeted Group Insurance - Outside CAP
TOTAL
1,375,000.00
Instead of receiving Health Benefits, 14 employees have elected an opt-out for 2024. This opt-out amount is budgeted separately.
Health Benefits Waiver
Salaries and Wages
$
85,000.00