Sarasota County Schools
Agenda Item #11
Title
APPROVAL OF THE 2019 CALENDAR YEAR MEDICAL STOP LOSS INSURANCE
Description
HMIG proposed a one (1) year rate guarantee for Stop Loss Insurance for the 2019 Self-Insured Medical Plan. The HMIG proposal was the most competitive at the $650,000 deductible level at a rate of $6.19 PEPM (per employee per month) for Employees with single coverage and $20.33 PEPM for Employees with dependent coverage. Moving from $550,000 to $650,000 deductible level will allow for significant savings as outlined in the memorandum attached.
Recommendation
That the Medical Stop Loss Insurance policy with HMIG for calendar year 2019 be approved by the Board as presented.
Contact
MAULTSBY & SPRINKLE/PETERSON
Financial Impact
N/A
Attachment: 2019 Stop Loss Memo.pdf
Attachment: Sarasota Co School Brd Renewal5 Firm (11.06.18).pdf