INSURANCEAPPROVED

Cheltenham Township Board of Commissioners Minutes October 2024

Cheltenham Approves Four-Year Employee Health Insurance Contract with DVHT

$9,752,042.16 (2025, est. annual); 4-year projected total varies by annual increaseTown of CheltenhamDELAWARE VALLEY HEALTH TRUST (DVHT)October 9, 2024

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Description

The Cheltenham Township Board of Commissioners approved a four-year contract with Delaware Valley Health Trust (DVHT) for the provision of employee group health insurance benefits starting January 1, 2025. The contract, selected after an RFP process, is expected to provide cost stability through a pooled, nonprofit model and an estimated $9.75M annual premium for the 2025 plan year.

Contract Details

Contract Amount

$9,752,042.16 (2025, est. annual); 4-year projected total varies by annual increase

Vendor

DELAWARE VALLEY HEALTH TRUST (DVHT)

Agency

Town of Cheltenham, PA

Contract Type

INSURANCE

Document Date

October 9, 2024

Contract Term

January 1, 2025 – December 31, 2028 (4 years)

Renewal Date

2028-12-31

Renewal Info

Contract includes a 2026 renewal cap at 8.5% increase; 2027–2028 increases projected at 4.5% per year; subject to future Board review and approval per renewal cycle.

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