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CITY OF LA PORTE <br />ADMINISTRATIVE SERVICES <br />MEMORANDUM <br />March 24, 2003 <br />TO: Mayor and City Council <br />Debra Feazelle, City Manager <br />FROM: Carol Buttler, Director of Administrative Se <br />RE: Stop Loss Medical Insurance Policy Recommendation <br />For your consideration and approval at tonight's meeting, I have attached the final spreadsheet comparing cost <br />proposals by Stop Loss Medical Insurance providers. I have included a revised contract approval ordinance, as <br />well. <br />Due to the competitiveness of the top two (2) proposals during final negotiations, the current provider agreed to <br />�ower their total premium for specific and aggregate coverage by $17,827.00, a substantial cost savings. <br />Mr. Neal Welch of The Welch Company, the City's benefits consultant will be available tonight to discuss <br />details and answer questions. <br />is <br />