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Agenda Item
Clay County Board of County Commissioners | Clay County Administration Building
Tuesday, August 22 4:00 PM |
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| | | | | | | | TO: Board of County Commissioners
| DATE: | | | | | FROM: Administrative and Contractual Services | | | | | | SUBJECT: A) Approval of the Renewal Agreement for Stop-Loss Reinsurance for FY 23/24 as provided in the attached proposal.
B) Additional approval for County Manager to sign the renewal agreement on behalf of the County.
Funding Source:
General Fund - Risk Management - Insurance
| | | | | AGENDA ITEM TYPE: | |
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| | | | | | | | | BACKGROUND INFORMATION: | | Overall Cost for specific Stop Loss coverage has been reduced due in part to the elimination of the broker commissions. Summary for Renewal includes a Total Fixed Cost of $894,387.00, an increase from last fiscal year's total of $860,366.00 due to an increased number of enrollees. |
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| | | | | | | | Is Funding Required (Yes/No):
Yes | If Yes, Was the item budgeted (Yes\No\N/A):
Yes |
Funding Source:
General Fund - Risk Management - Insurance
Account No.:
FD1000 - CC1105 - SC545000
Sole Source (Yes\No):
No | Advanced Payment (Yes\No):
No |
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| ATTACHMENTS: | | Description | Type | Upload Date | File Name |  | Contracts_Stop Loss | Cover Memo | 8/18/2023 | BCBS_Stop_Lossada.pdf |
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| REVIEWERS: | | Department | Reviewer | Action | Date | Comments | | Administrative and Contractural Services | Streeper, Lisa | Approved | 8/14/2023 - 4:59 PM | Item Pushed to Agenda |
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