BOROUGH TOUTS HEALTH PLAN SAVINGS

taxesRed Bank officials earlier this week approved a plan to stick with a municipality-based health insurance plan for 2010 after other insurers said they could not compete on the rates.

The Central Jersey Health Insurance Fund plan will cost the borough $2.7 million next year, after accounting for an expected dividend of $209,000, according to borough CFO Frank Mason,

That’s a 2.9 percent increase over the $2.62 million premium paid this year, after an identical dividend.

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