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City budget workshop: Self-funded health plan renewal overall flat despite 17% rise in specific stop‑loss premium
Summary
At a City Council budget workshop, insurance consultant Cy Easterling told council members the citys self‑funded health plan for FY25–26 is expected to be essentially flat year‑over‑year overall, with a 17% increase in the specific stop‑loss premium offset by lower projected claims and 14 fewer covered lives in the snapshot used for pricing.
At a municipal budget workshop, the Biloxi City Council heard that the city—9s self‑funded health insurance plan for fiscal year 2025–26 is projected to cost about $9.96 million in combined administrative and claims expenses before employee contributions and rebates. Cy Easterling, who said he is working with the council—9s insurance committee, told council members the plan—9s specific stop‑loss premium rose 17% and represents the only significant premium increase in the renewal.
Easterling said the specific stop‑loss premium increase amounts to roughly $250,000 but was largely offset in the renewal snapshot by having 14 fewer people on the…
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