INSURANCERECOMMENDED

goffstown_select_board_meeting_agenda_november_10.pdf

Goffstown Weighs Enhanced Life and LTD Coverage

Estimated annual impact $964.80 (life) plus $4,126.92 (LTD) based on current enrollmentTown of GoffstownHEALTHTRUST INCNovember 10, 2025

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Description

The Town of Goffstown is considering HealthTrust’s proposals to raise the basic life insurance maximum benefit to $180,000 and enhance long-term disability coverage to 66-2/3% of earnings with a $6,000 monthly cap. The changes would increase annual premiums by an estimated $5,091.72 in total while remaining within the proposed 2026 budget.

Contract Details

Contract Amount

Estimated annual impact $964.80 (life) plus $4,126.92 (LTD) based on current enrollment

Vendor

HEALTHTRUST INC

Agency

Town of Goffstown, NH

Contract Type

INSURANCE

Document Date

November 10, 2025

Contract Term

Effective January 1, 2026 (proposal valid for that date or earlier)

Renewal Date

2026-12-31

Renewal Info

Proposal is for an enhancement effective January 1, 2026 to existing group life and long-term disability policies underwritten by Madison National Life and offered through National Insurance Services. Future renewals would follow the standard HealthTrust renewal cycle.