File #: 20-1050    Version: 1 Name:
Type: Motion Status: Passed
File created: 8/19/2020 In control: City Council
On agenda: 9/15/2020 Final action: 9/15/2020
Title: Motion authorizing an amendment to the Service Agreement with Blue Cross and Blue Shield of Texas, a Division of Health Care Service Corporation, to add stop loss coverage for the City’s self-funded employee health benefits, beginning October 1, 2020 to September 30, 2021, with the option to renew for two additional one-year terms; in the estimated amount $2,370,060.00 for the first year and a potential expenditure of an estimated $8,320,231.00 if both option years are exercised, with funding requested in the FY 2021 Proposed Budget in an estimated amount of $2,370,060.00 through the Fire, Police and Citicare Employee Health Funds.
Sponsors: Human Resources, Contracts and Procurement
Attachments: 1. Agenda Memo - Stop Loss, 2. Evaluation Matrix Stop Loss, 3. Stop Loss Presentation CC

Title

Motion authorizing an amendment to the Service Agreement with Blue Cross and Blue Shield of Texas, a Division of Health Care Service Corporation, to add stop loss coverage for the City’s self-funded employee health benefits, beginning October 1, 2020 to September 30, 2021, with the option to renew for two additional one-year terms; in the estimated amount $2,370,060.00 for the first year and a potential expenditure of an estimated $8,320,231.00 if both option years are exercised, with funding requested in the FY 2021 Proposed Budget in an estimated amount of $2,370,060.00 through the Fire, Police and Citicare Employee Health Funds.