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Commission approves Sun Life stop‑loss renewal; premiums expected to rise about 11.8%
Summary
Mount Clemens approved renewal of stop‑loss insurance administered by Sun Life for the July 1, 2025–June 30, 2026 policy year; staff said the city retains the first $80,000 of claims per family unit and aggregate attachment will increase from $2,030,000 to $2,110,000.
The Mount Clemens City Commission authorized renewal of the city’s stop‑loss insurance with Sun Life at its May 5 meeting, a move staff said protects the city from catastrophic medical and prescription drug claims.
City manager Greg Shipman summarized the program and the city’s membership in a group captive (Legend RE, operated with Pareto…
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