Title
Consider approval of renewing with Tokio Marine HCC, for Organ and Tissue Transplant coverage for eligible City of Coppell employees and retirees, in the amount of $74,081.00, as budgeted in the Self-funded Health Fund; and authorizing the City Manager to sign any necessary documents.
Summary
The City has an insurance policy for organ and tissue transplants separate from the medical plan design. The coverage is a fully insured policy to cover claims and certain related expenses to an organ or tissue transplant. The current provider is Tokio Marine - HCC, and the renewal was provided for consideration with no change to the cost or the plan design.
In most cases, organ and tissue transplantation procedures are costly. The City of Coppell decided to carve out these procedures from the self-funded plan and purchase a fully insured plan as a separate policy. This decision helps protect the City’s Self-funded Health Fund from a catastrophic large claim while offering the employee or retiree the treatment needed from a quality provider for a fixed annual premium.
Fiscal Impact:
The fiscal impact of this agenda item is approximately $74,081, which reflects no change in the rates from the prior plan year, and it is budgeted in the Self-funded Health Fund.
Staff Recommendation:
Staff recommends accepting the renewal with Tokio Marine HCC, for Organ & Tissue Transplant coverage for eligible City of Coppell employees and retirees, in the amount of $74,081, as budgeted in the Self-funded Health Fund; and authorizing the City Manager to sign.
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