New health insurance contract to save $7M
The new contract with Calvo's Selectcare is waiting on the signature of the Attorney General's Office and the Lieutenant Governor's Office.
By KUAM NewsGuam - The Government of Guam's health insurance contract is not only close to being signed in the next day or two, but GovGuam employees and retirees can expect to take home more money in their paychecks in the new fiscal year. This comes this as a result of the cost of health insurance going down with employees and retirees reaping more benefits.
The new contract with Calvo's Selectcare is waiting on the signature of the Attorney General's Office and the Lieutenant Governor's Office.
Governor's chief of staff Frank Arriola tells KUAM News that GovGuam will be paying substantially less than what they paid for the previous fiscal year for medical insurance for their employees and will have saved approximately 10% or $7 million over last year's costs. Although a protest did delay the contract, Arriola is glad it's almost done.
He explained, "But we're excited that it's almost over; we can go into Open Enrollment soon and I think the employees of the Government of Guam will be very pleased with what we've been able to negotiate and it's important to taxpayers of Guam, we saved them seven million bucks, and that's a big deal."
Calvo's Selectcare Frank Campillo says it's a great time for GovGuam employees and retirees to celebrate, saying, "I feel that overall the community and this case the community of Government of Guam employees and retirees had one and have a great year ahead of us and we'd love to provide these benefits in the next year."
Campillo adds Selectcare will start Open Enrollment next week and will be bringing in more wellness initiatives for GovGuam employees.