Some local retirees will soon have to spend more for their health insurance. Monday night, the Moline School Board approved a 25 per cent increase in premiums.
Chief Financial Officer, Dave McDermott, says about 330 district retirees will be affected, starting July lst. And one of the major reasons for the increase is the Affordable Care Act.
McDermott says the district is self-insured, and its insurance consultant has recommended the premium hike for retirees for the long-term health of the plan. Rates went up 15 per cent a year ago.