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The Health Insurance Trust Fund held approximately $5.831 million as of March 31, about $1.4 million more than the same period last year, before March investment income was counted.
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The fund remains in a strong financial position, although members expected market volatility to reduce March investment earnings. Lockton presented an analysis of Westford’s health insurance offerings, comparable community offerings, and possible future options. The Trust planned to meet again before the analysis is presented to the Select Board, Finance Committee, and School Committee. Claims utilization was not reviewed because HUB was absent.
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