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Franklin Health Insurance Shift Saves $763,000

City of Franklin logoCity of Franklin
Disclosed value
Approximately $763,000 in premium savings for active employees
From minutes
Document date
Jun 3, 2026

The 30-second brief

What it covers

Franklin continues its transition to health insurance coverage through GIC. The move saved approximately $763,000 in active-employee premium payments, with additional retiree-cost and premium-holiday effects discussed during the FY27 budget review.

Who holds it

GIC holds this insurance contract with City of Franklin. Its other public contracts on record include work for Town of Hatfield and Town of Sterling.

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Contract details

Contract type
Insurance
Amount
Approximately $763,000 in premium savings for active employees
Document date
June 3, 2026
Vendor
GIC
Agency
City of Franklin
Source document
Town of Franklin Minutes Finance Committee Meeting Minutes June 3, 2026 (Minutes)

GIC's other public contracts

Town of Hatfield, MassachusettsHatfield Considers GIC For Employee Health Insurance Savings · Oct 13, 2026UndisclosedTown of Sterling, MassachusettsSterling Considers GIC As New Insurance Carrier · Sep 23, 2026UndisclosedCity of Gothenburg, NebraskaCouncil Discusses GIC Well Easements · Sep 1, 2026UndisclosedTown of Hamilton, MassachusettsHamilton Considers GIC As Alternative Health Insurer · Aug 17, 2026UndisclosedCity of Alamo, TexasGIC Updates Water Treatment Plant Rehabilitation · Jul 29, 2026UndisclosedAll GIC contractsVendor profile

More City of Franklin contracts

Standard & Poor'sStandard and Poor's Reviews Franklin Fiscal Policies Annually · Oct 21, 2026UndisclosedBartholomew & CompanyBartholomew and Company Handles Stabilization Fund Investments · Oct 21, 2026UndisclosedPension Reserves Investment ManagementFranklin Identifies OPEB Investment Management Provider · Oct 21, 2026UndisclosedBETABETA Traffic Peer Review Referenced for Main Street Project · Oct 19, 2026Undisclosed‘3’ RestaurantDonor Launch Event Planned at ‘3’ Restaurant · Oct 14, 2026UndisclosedAll City of Franklin activityAgency profile

Questions about this contract

Who was awarded the insurance contract by City of Franklin?

GIC was awarded this insurance contract by City of Franklin, as recorded on June 3, 2026. The contract value is Approximately $763,000 in premium savings for active employees.

How much is the GIC contract with City of Franklin worth?

The GIC contract with City of Franklin is valued at Approximately $763,000 in premium savings for active employees, covering insurance work.

What type of contract is this?

This is a Insurance contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Town of Franklin Minutes Finance Committee Meeting Minutes June 3, 2026 (Minutes), dated June 3, 2026 from City of Franklin. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does GIC hold?

GIC may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is City of Franklin currently buying?

Explore City of Franklin's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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