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Broker tells Sedalia council medical renewal could require double-digit rate increases and plan changes
Summary
IMA told the council its analysis found a 27.7% needed increase to 2026 funding rates driven by a large stop‑loss premium spike tied to $1.6M in claims over the plan’s $100,000 specific deductible; consultants recommended contribution and plan-design options.
City-contracted broker IMA presented its review of the city’s employee benefits renewal and told the Sedalia City Council that unusually large claims are driving a steep stop‑loss premium increase for the plan’s 2026 renewal.
Anna Konopasek of IMA said claims above the plan’s $100,000 specific deductible totaled about $1,600,000 in the most recent review period and that insurers raised the stop‑loss premium on those large claims by roughly 75…
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