Meeting Type: BCC Regular Meeting
Meeting Date: 12/5/2022
Item Status: New
From: Deidra Hanak, Personnel Director
Submitted by: Deidra Hanak, Personnel Director
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ITEM TITLE
Title
Stop Loss Insurance Renewal - Partners Managing General Underwriters / United States Fire Insurance Company
End
STAFF RECOMMENDATION
Recommendation
Approve and authorize the Chairman to execute the Medical Stop Loss Application with United States Fire Insurance Company / Partners Managing General Underwriters for specific and aggregate stop loss insurance to be effective January 1, 2023.
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BACKGROUND INFORMATION
Background: Cobbs Allen shopped stop loss insurance for the 2023 plan year and presented the attached firm renewal offer from Partners for Stop Loss Insurance.
Previous Commission action/date: N/A
FINANCIAL IMPACT
Total cost of recommendation: $943,446.00 - budgeted
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: Administration return signed documents to Personnel
Action required (list contact persons/addresses if documents are to be mailed or emailed): N/A
Additional instructions/notes: N/A