Health Insurance Trust - June 11th, 2026 | Westford, MA

The Westford Health Insurance Trust held a meeting on June 11, 2026, to review the trust fund balance, claims utilization, budget projections, and discuss recommendations from the select board regarding health insurance plan options. The trust reported a healthy fund balance of approximately $6.3 million projected for the fiscal year end, with claims trending favorably compared to benchmarks. The select board requested the trust develop multiple cost-saving scenarios, including potential plan design changes, stop-loss insurance modifications, and benchmarking against comparable communities. The trust discussed the impact of high-cost drugs (GLP1s) and the importance of balancing cost containment with employee retention and benefit competitiveness. They also considered the possibility of transferring $950,000 back to the town to offset budget pressures. No final decisions on plan changes were made, with further analysis and employee input planned before the next meeting scheduled for June 24 or 25. The meeting included detailed discussions on stop-loss insurance adjustments, benchmarking employer contributions, and wellness program initiatives to manage long-term costs.