INSURANCEDISCUSSed

Metropolitan Knoxville Airport Authority Committee Minutes March 2026

Cigna Presents Alternative Employee Insurance Quote

Health insurance: 10% premium increase with $100,000 transition credit (net 7%); dental insurance: 7% increase; vision insurance: less than current premiumsKnoxville Metropolitan Airport AuthorityCIGNAMarch 18, 2026

Trusted by teams at

Description

Cigna presented an alternative employee benefits package to the Metropolitan Knoxville Airport Authority featuring a net 7% increase in health premiums after a $100,000 transition credit, lower-cost vision coverage, and enhanced dental benefits with a 7% premium increase. The committee recommended proceeding with insurance renewals after negotiations within a 24% overall cost increase cap.

Contract Details

Contract Amount

Health insurance: 10% premium increase with $100,000 transition credit (net 7%); dental insurance: 7% increase; vision insurance: less than current premiums

Vendor

CIGNA

Agency

Knoxville Metropolitan Airport Authority, TN

Contract Type

INSURANCE

Document Date

March 18, 2026

Contract Term

Effective June 1, 2026, relative to FY 2026 premiums

Renewal Info

Cigna’s quote is under consideration as part of the June 1, 2026 policy renewals; final selection will follow additional negotiations constrained by a maximum 24% overall increase compared to FY 2026.