The Wood River City Council has agreed to become a member of a sub-pool of the Intergovernmental Personnel Benefit Cooperative. Wood River's Finance Director Tracy Kennett tells The Big Z this will allow the city to maintain health insurance at a rate that will save the city at least $70,000 over the course of the next year and a half.
Click here for Kennett's comments
This plan could add up to as much as $100,000 in savings under certain scenarios. Kennett says more and more municipalities are going this route in order to provide health insurance for their employees, and predicts it will become an even more popular option if the current economic climate persists.