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Council committee advances $20,000 actuarial review of city health plan to legislative agenda
Summary
The Budget & Finance Committee voted to add to the legislative agenda a professional services agreement with Conrad Siegel to perform an actuarial review of the city's health care program, intended to identify efficiencies and evaluate the potential to go out to bid.
City officials told the Budget & Finance Committee Feb. 25 they will ask council to approve a professional services agreement with actuarial firm Conrad Siegel, not to exceed $20,000, to review the city's health care benefits, contracts and administration.
John Sapocek, consulting actuary with Conrad Siegel, said the engagement would analyze plan operation, prescription-drug contracting, stop-loss arrangements and other financial elements without changing benefits or networks. He said the review would include trend analysis and "actuarial rate development" to help the city estimate costs for the next budget cycle and determine whether fully insured or self-insured arrangements could save money.
Council members asked whether the study would produce estimates usable for next-year budgeting and whether vendor consolidation could be considered. Sapocek said the work includes a trend analysis and rate development and that the $20,000 cap is a hard cap: additional hours would be on the firm. The administration described the engagement as timely, noting health-care costs have been a large budget line and the city has had to adjust medical budgets in recent cycles.
The Budget & Finance Committee moved Resolution 41 of 2025 to the legislative agenda for a formal vote to authorize the Conrad Siegel agreement.
