In an email obtained by Navarre Press, Holley-Navarre Water System Executive Director Billy Sublett addressed his Board of Directors regarding the contentious decision he made in purchasing new health insurance and, in effect, doubling the Health Savings Account (HSA) payments.
In summary, Sublett’s email shared the chronological tale of revamping the health insurance for the water system. “In May 2015, we were tasked with evaluating the company group insurance. The re-evaluation of the group insurance was considered urgent. It came to my attention that our company was not in compliance based on the rules and regulations set by the IRS “controlled group” Code 414 (b) and 414 (c),” the email stated. It went on to say, “The lack of compliance was obvious based on the fact we were not offering insurance to The Club at Hidden Creek employees nor were they being accounted for when running or accepting group insurance rates in the past…Based on the greatly reduced premium rates we found through Aetna, I decided to add the 100 percent coverage of HSA deductibles for the families.”
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