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File #: 2023-413   
Type: Resolution Status: Consent Agenda
File created: 11/15/2023 In control: City Council
On agenda: 12/7/2023 Final action: 12/31/2023
Title: Consider a resolution authorizing the Mayor to execute Amendment No. 3 to the City's Stop Loss Insurance Group Policy with United Healthcare Insurance Company for the renewal of coverage for the period of January 1, 2024 through December 31, 2024.
Indexes: Self-Funded Health Insurance
Attachments: 1. Resolution, 2. Exhibit A
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Title

Consider a resolution authorizing the Mayor to execute Amendment No. 3 to the City's Stop Loss Insurance Group Policy with United Healthcare Insurance Company for the renewal of coverage for the period of January 1, 2024 through December 31, 2024.

 

Body

This is the annual renewal with United Healthcare for the stop loss insurance for 2024 that we are required to maintain.  Our stop loss specific coverage is being maintained at $200,000.

 

Cost: The estimated annual cost is $1,800,000.00

Source of Funds: Self-Funded Health Insurance