Title
Consider approval of AA&H / Axis through AMWins for medical stop loss insurance, in the amount of $571,546, as budgeted in the Self-funded Health Fund; and authorizing the City Manager to sign.
Summary
This item is presented to consider approval of entering into an agreement for medical Stop Loss Insurance to AA&H / Axis through AMWins (formerly Stealth). The City’s medical and prescription drug plans are partially self-funded. To mitigate the cost of large insurance claims costs and the potential for catastrophically large claims to the plan, the City purchases Specific and Aggregate Stop Loss Insurance.
Fiscal Impact:
The premium cost for the 2026-2027 benefit plan year will be $571,546, which is an increase of 19.4% over the prior year. This is budgeted in the Self-funded Health Fund.
Staff Recommendation:
Staff recommends approval of AA&H / Axis through AMWins for medical stop loss insurance, in the amount of $571,546, as budgeted in the Self-funded Health Fund; and authorizing the City Manager to sign.
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