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Subject: (Direct Referral) Communication from Terry Parker, Human Resources Manager, asking to allow our consultant from the Horton Group to appear before the Finance and Personnel Committee to discuss the Stop Loss Insurance plan for 2011. (Res.10-2297)
Recommendation of the Finance & Personnel Committee on 11-22-10: Recommend that the City purchase 2011 health insurance stop loss coverage with SLG through the Horton Group at a stop loss level of $200,000 with a discounted broker commission of 7% for a total annual premium of $785,943.24.
Fiscal Note: There is sufficient funding in the Health Insurance Fund to cover the premium. All claims received will be deposited back into the Health Insurance Fund.