In mid-March, when it became evident that we needed to explore changes to our employee benefit plans, with the City Manager’s approval, we began meeting with insurance consulting firms to discuss alternative options.

To ensure we are offering the best benefits at the most affordable price both to employees and the City. With an understanding of the City’s budget situation and the need to introduce a new insurance model, a difficult decision was made to change brokers. The broker of choice is HUB International, and with this comes significant savings.

Estimated Annual Commission Fee: $101,904

Establish a benefit trust to reduce rates by 1.75%: $ 31,937

HUB International Flat Rate Fee: $ 37,500

Estimated Cost Savings: $ 96,341