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County insurance broker warns 2026 health plan may run a nearly $800,000 shortfall; RFP finalists due before budget adoption
Summary
Broker Hub International told McLennan County commissioners on July 17 that medical and pharmacy claims through June 2025 are above the prior 12‑month average, several high‑cost claimants hit stop‑loss in June, and the broker currently projects a roughly $788,000 shortfall for the 2026 health plan under existing plan design and contribution levels.
Hub International presented a mid‑year review of McLennan County’s self‑funded health plan on July 17 and told the commissioners that paid claims through June 2025 are running above the prior 12‑month average, driven in part by several high‑cost claimants that triggered stop‑loss reimbursements in June. Broker representatives said the county’s individual stop‑loss deductible is $175,000. They reported that in 2023 there were 14 claimants with costs over $100,000 and three…
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