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La Porte approves 1% funding increase for city employee health plan; stop‑loss reimbursements easing near‑term cost pressure
Summary
The Board approved a 1% increase in funding for the city’s employee health insurance renewal with Anthem and retained the existing stop‑loss arrangement; broker Brown & Brown reported the plan’s recent claims trended below underwriter expectations and multiple high‑cost claims are generating stop‑loss reimbursements.
The City of La Porte Board of Public Works and Safety on Aug. 5 approved a 1% increase in funding for the city’s employee health insurance renewal with Anthem, following a presentation from the city’s benefits broker and HR staff.
Brown & Brown broker Nick Napier told the board the city’s rolling 12‑month pharmacy and medical claims are “running at about $1,990,000,” and that the current period is about 86% of underwriter‑expected claims, down from roughly 98% in the prior 12‑month period. Napier said those trends, plus stop‑loss reimbursements, produced a firm Anthem renewal that raised expected plan cost by about 1.4% compared with…
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