Town not leaving county insurance plan after all
TOWN OF ULSTER >> The town will stay in the Ulster County Self-Insurance Plan because an outside policy would have significantly higher costs.
The Town Board’s vote last week to keep the county coverage for town employees rescinded a June vote to leave the program.
“We went out to bid in the private markets ... and discovered that the cost was almost going to double by going to a private insurer,” said town Supervisor James Quigley said.
The Town Board voted in favor of leaving the county plan with the expectation of saving between 23 and 30 percent on insurance costs.
The county program
covers workers’ compensation disability claims, with municipalities charged fees to withdraw from the plan based on the amount of payments remaining.
“It’s good business practice to comparison shop frequently, and that’s basically all we did,” Quigley said.
the county insurance pool, there is an obligation ... to provide six months’ advanced notice [of a change], so in order to shop it, we effectively had to give them the notices of withdrawing,” Quigley said, explaining the June vote. “We couldn’t have shopped it and then given then given them notice.”