Abraham Lincoln Capital Airport officials say they’ve managed to avoid a big hit on health insurance costs linked to the Affordable Care Act… but maybe only temporarily.
Airport director Mark Hanna says the airport learned that the policy that provides coverage to 33 employees won’t be offered next year because it did not meet requirements of the new law. And he says the only comparable policy he could find would have cost 75% more… an increase of more than $300,000.
Hanna says the airport board moved up the renewal date for the current policy from next July to December 1st of this year, allowing the airport to keep the current plan at only a slightly higher rate. He says that will allow extra time to shop for a replacement policy that he hopes will not have as large an increase in rates.