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REQUEST FOR CITY COUNCIL AGENDA ITEM <br />Agenda Date Requested: March 8, 2010 <br />Requested By: Heather Weger <br />Department: Human Resources <br />Report: Resolution: Ordinance: X <br />Exhibits: Stop Loss Quotes 9 month and 12 month <br />Exhibits: Stop Loss Distribution List <br />Exhibits WillisHRH Recommendation <br />Budget <br />Source of Funds: <br />Account Number: <br />Amount Budgeted: %315,000 <br />Amount Requested: <br />Budgeted Item: YES NO <br />SUMMARY & RECOMMENDATION <br />The City received proposals for our Medical Stop Loss Coverage on February 18th. Unimerica, our current Stop <br />Loss Carrier, is the low bidder. Based on the current information, staff recommends renewing our Stop Loss <br />Coverage with Unimerica at a premium of $265,857 for a 9 month policy period. The policy period is being <br />adjusted, to allow the City to align the Stop Loss Coverage renewal with all other coverages. The deductible will <br />remain the same at $145,000 per employee. A Representative with Willis will be here Monday night to answer any <br />questions. <br />ove the enewal of the Stop Loss Coverage with Unimerica for a 9 month policy period at a premium of <br />,857. <br />tovW for CitVCogncil Agenda <br />Bottom , City Manager Date <br />