Title
Consider approval of renewing with Liberty Mutual Insurance Company through SA Benefit Services for medical stop loss insurance, in the amount of $495,338, as budgeted in the Self-funded Health Fund; and authorizing the City Manager to sign.
Summary
Fiscal Impact:
The premium cost for renewing with Liberty Mutual for stop loss insurance for the 2025-2026 benefit plan year will be $495,338. This represents an increase of $14,987, or 3.2% This is budgeted in the fiscal year 2026 Self-funded Health Fund budget.
Staff Recommendation:
Staff recommends approval of renewing with Liberty Mutual Insurance Company through SA Benefit Services for medical stop loss insurance, in the amount of $495,338, as budgeted in the Self-funded Health Fund; and authorizing the City Manager to sign.
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Sustainable Government