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Court approves new stop‑loss insurer for county health plan; Everest bid lowers premium by about $152,000
Summary
The court approved a stop‑loss insurance arrangement with Everest Reinsurance Company for the county’s employee health plan; McGriff presented a market search showing equivalent terms to the current plan and about $152,000 in annual premium savings versus the existing Aetna arrangement.
Nueces County on Sept. 24 approved a stop‑loss insurance placement for the county employee health plan with Everest Reinsurance Company following a market marketing process conducted by McGriff. County staff reported that the winning quote preserved the county’s current contract structure — a $475,000 individual deductible and a $50,000 aggregating specific deductible — and…
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