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Council directs staff to pursue partially self‑funded health plan with stop‑loss coverage; vendors named
Summary
After receiving quotes, council directed staff to pursue a partially self‑funded employee health plan using Aetna (Meritaine), SmithRx for pharmacy management and Pareto captive stop‑loss via Sun Life with a $75,000 individual deductible; staff will prepare contracts for council signature.
Copperas Cove — City officials received proposals Thursday that compared the city’s current fully insured renewal with options for a partially self‑funded health plan, and council directed staff to proceed with contracting steps for a self‑funded model using specified vendors and stop‑loss protection.
Jeff Davis, director of human resources, and consultant Tad Doro of BKCW presented cost illustrations and vendor recommendations. The fully insured renewal from Baylor Scott & White showed an 8.5% increase, bringing the annual premium to about $1.95 million. The consultants presented self‑funded scenarios that…
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