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claim. In the 2019 plan year, we had sevenclaims exceed the$165,000 threshold. In 2020 to-date, the <br />City has had three claims exceed the $165,000 threshold including those that were lasered. The total <br />fixed cost of the Aetna bid is $814,549. <br />After reviewing and discussing the analysis performed by benefits consultant, HUB, the <br />Chapter 172 Employee, Retiree Insurance and Benefits Board voted to recommend selection of Vista- <br />Companion as the provider of stop loss coverage for the 2021 plan year at the $165,000 specific <br />deductible rate. This recommendation carries a projected cost of $645,379 which is $29,098 below the <br />budgeted amount and represents an increase of 18.02% in Stop Loss premiums. <br />ACTION REQUIRED BY CITY COUNCIL <br /> <br />Approve or deny to authorize the City Manager to enter into an agreement with <br />Vista UW to provide stop loss coverage for the 2021 plan year. <br /> <br />Approved for the City Council meeting agenda <br /> <br />Corby D. Alexander, City Manager Date <br /> <br /> <br />