INSURANCEPENDING

City of Hopewell City Council Regular Meeting Agenda April 2026

City Evaluates TLC Health Insurance Renewal Options

Approximately $1,000,000 projected increase; recommended alternative plan reduces increase to about $357,000 (City $293,000; employees $64,000)Hopewell Water RenewalLOCAL CHOICE (TLC)April 14, 2026

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Description

Hopewell officials reviewed annual health insurance renewal options under The Local Choice program, facing a projected 15.7% cost increase of roughly $1 million. A recommended alternative would reduce the increase to about $357,000 through plan design changes effective July 1, 2026.

Contract Details

Contract Amount

Approximately $1,000,000 projected increase; recommended alternative plan reduces increase to about $357,000 (City $293,000; employees $64,000)

Vendor

LOCAL CHOICE (TLC)

Agency

Hopewell Water Renewal, VA

Contract Type

INSURANCE

Document Date

April 14, 2026

Contract Term

Plan year beginning July 1, 2026

Renewal Date

2027-07-01

Renewal Info

Annual renewal of The Local Choice health insurance program with revised plan offerings (Key Advantage 500, Key Advantage 1000, and HDHP) and prescription coverage changes effective July 1, 2026; final selection pending Council action.