Meeting Type: BCC Regular Meeting
Meeting Date: 12/1/2020
Item Status: New
From: Deidra Hanak, Personnel Director
Submitted by: Deidra Hanak, Personnel Director
______________________________________________________________________
ITEM TITLE
Title
Stop Loss Proposal - Partners Managing General Underwriters/United States Fire Insurance Company
Body
STAFF RECOMMENDATION
Recommendation
Approve and authorize the Chairman to execute the Medical Stop Loss proposal with United States Fire Insurance Company/Partners Managing General Underwriters for specific and aggregate stop loss insurance to be effective January 1, 2021.
End
BACKGROUND INFORMATION
Previous Commission action/date: N/A
Background: Cobbs Allen shopped stop loss insurance for the 2021 plan year and presented the attached “firm” renewal offer from Partners for Stop Loss Insurance. This offer is 12% decrease from our current rates.
FINANCIAL IMPACT
Total cost of recommendation: N/A
Budget line item(s) to be used: N/A
If this is not a budgeted expenditure, does the recommendation create a need for funding? N/A
LEGAL IMPACT
Is legal review necessary for this staff recommendation and related documents?
N/A
Reviewed/approved by: N/A
Additional comments: N/A
ADVERTISING REQUIREMENTS
Is advertising required for this recommendation? N/A
If the proof of publication affidavit is not attached, list the reason: N/A
FOLLOW UP IMPLEMENTATION
For time-sensitive follow up, select deadline date for follow up: N/A
Individual(s) responsible for follow up: N/A
Action required (list contact persons/addresses if documents are to be mailed or emailed): Return signed documents to Deidra Hanak
Additional instructions/notes: N/A