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Trust board approves stop-loss renewal effective July 1, 2025
Summary
Trustees approved a stop-loss insurance renewal effective July 1, 2025. The renewal outcome reflected negotiated reductions from a higher preliminary renewal; trustees were asked to notify the insurer by May 15 to lock rates.
Trustees voted to approve the stop-loss renewal that will take effect July 1, 2025, after a presentation and marketing review by Chris (consultant).
Chris briefed the board on the renewal options and said the preliminary renewal had shown a 14% increase to the individual specific limit (ISL) and a 16% increase to aggregate stop-loss (ASL). Through marketing and negotiation, he said the team reduced the ISL increase to an…
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