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City recommends health‑plan changes and higher retiree premiums as claims, stop‑loss costs rise
Summary
City HR and benefits staff recommended an 11% budgetary increase for health and pharmacy claims in FY2025–26, proposed rebalancing employee/retiree contributions across plans and asked council to consider a plan modification to stabilize reserves and cover rising stop‑loss costs.
Human Resources Director Linda DeNante presented projected health‑insurance costs for the next fiscal year and recommended changes to the city’s benefit structure to reduce pressure on the self‑funded health plan.
DeNante told council that the city’s health‑benefit fund is self‑insured and that staff and outside consultants are projecting higher medical and prescription costs in FY2025–26. Staff presented a conservative projection of about $48.4 million in total health‑benefit expenditures (medical claims,…
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