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2005-03-19 Minutes of the Special Called and Pre-Budget Meeting of the La Porte City Council
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2005-03-19 Minutes of the Special Called and Pre-Budget Meeting of the La Porte City Council
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City Meetings
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City Council
Meeting Doc Type
Minutes
Date
3/19/2005
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<br />MEMORANDUM <br /> <br />The <br /> <br />Welch <br />Company <br /> <br />March 16, 2005 <br /> <br />Two Memorial City Plaza <br />820 Gessner, Suite 1470 <br />Houston, Texas 77024 <br />T: 713.827.8755 <br />F: 713.461.5788 <br />www.lhewelchco.com <br /> <br />To: <br /> <br />Sherri Sampson <br /> <br />From: <br /> <br />Angela M. Weston <br /> <br />Subject: <br /> <br />Recommendation for Stop loss Coverage - City of laPorte, TX <br /> <br />Dear Sherri, <br /> <br />Based on the fact that there are large outstanding claims for the City of laPorte, we <br />are recommending that you stay with the current Stop loss carrier American Stop loss. The <br />proposal from American Stop loss was the most competitive one and based on the current claims <br />that are incurring we are very fortunate not to have a large increase. Also given that the rate of <br />Medical Inflation is about 12% we would like to recommend that you stay with the current deductible <br />amount of $115,000. Please let me know if you have any questions regarding the renewal. <br /> <br />Thank you, <br /> <br />Angela Weston <br />Account Executive <br />The Welch Company <br /> <br />Employee Benefits Consulting <br />
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