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Santa Fe health plan posts surplus; staff recommends December premium holiday for employees
Summary
City staff told the Santa Fe City Council that the city's self-funded medical and prescription plan generated positive experience in the first quarter of fiscal 2026 and can absorb a one-paycheck "premium holiday" for employees in December 2025.
City staff told the Santa Fe City Council that the city's self-funded medical and prescription plan generated positive experience in the first quarter of fiscal 2026 and can absorb a one-paycheck "premium holiday" for employees in December 2025.
Trey Sarsfield, an actuary with Aon Consulting, told the council that the plan's overall loss ratio for the first quarter was 95.5%, translating to about a $275,000 surplus after accounting for Cigna run-out claims, administrative-fee credits and pharmacy rebates. "We absolutely believe that the plan is in excellent shape to absorb a $218,000 premium holiday," Sarsfield said, referring to the estimated…
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