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Crown Point board adopts 2026 health-plan renewal, opts for higher stop‑loss attachment to save premiums
Summary
The board approved renewal option 2 for the city's employee health plan, a choice the city consultant said will lower fixed premium costs but modestly increase the city's exposure for very large claims; the board also separately approved the PBA plan-administrator contract.
The Crown Point City Board of Public Works and Safety on Nov. 5 approved the city's 2026 employee health-plan renewal, selecting the consultant's recommended option that raises the specific stop-loss attachment in exchange for lower premium costs.
Rick, the city's employee benefit consultant, told the board the renewal process was unusually difficult. He summarized the recent loss history: a 493% loss ratio in 2023, a 67% loss ratio in 2024, and a year-to-date ratio of…
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