e|agenda.NET Sarasota County Schools

THE SCHOOL BOARD OF SARASOTA COUNTY, FLORIDA Landings Administrative Complex 1980 Landings Blvd. 6:30 p.m.

November 7, 2017 Board Meeting Agenda Item #10 Title APPROVAL OF THE 2018 CALENDAR YEAR MEDICAL STOP LOSS INSURANCE Description HMIG proposed a one (1) year rate guarantee for Stop Loss Insurance for the 2018 Self-Insured Medical Plan. The HMIG proposal was the most competitive at the $550,000 deductible level at a rate of $8.67 PEPM (per employee per month) for Employees with single coverage and $25.10 for Employees with dependent coverage. Moving from $500,000 to the $550,000 deductible level will allow for a significant savings as outlined in the memorandum attached. Recommendation That the Medical Stop Loss Insurance policy with HMIG for the calendar year 2018 be approved by the Board as presented. Contact LEMPE & SPRINKLE/PETERSON Financial Impact N/A Attachment:  2018 Stop Loss Insurance Board Agenda Memo.pdf Attachment:  The School Board of Sarasota Cty Prop2 Firm.pdf