MORRISTOWN Town officials are meeting with a representative from Humana, a health insurance provider, on Wednesday to discuss a potential contract.
The contract would affect only retired town employees and Town Supervisor Frank L. Putman said it could save the town roughly $10,000.
Currently town retirees have health insurance through Blue Cross Blue Shield.
We will learn more about Humana and the comparison between the two, Mr. Putman said. Morristown Court Clerk Judy Wright switched to Humana and recommended the policy, Mr. Putman said, which is how the town learned of the potential savings.
The Town Council is attempting to form a budget that does not use any of the towns fund balance in an effort to replenish the dwindling reserve.
This year the town is looking at increasing the tax rate from $3.09 per $1,000 of assessed property value to $3.17, Mr. Putman said. The town had kept the tax rate at $3.09 per $1,000 for the past three years but, Mr. Putman said, the need to increase the tax rate is a fact of life today.
The Town Council is holding a public hearing on the budget on Nov. 12 before voting on it.
Mr. Putman said if the consensus of the Town Council is to remain with Blue Cross Blue Shield, the towns tax rate likely would go up.