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San Angelo health plan faces $3.5 million shortfall; new consultant outlines causes and fixes
Summary
HUB International, the city's new health‑insurance consultant, told council the FY25 fund deficit (~$3.5M) stemmed from underfunded premiums and an unusually high number of stop‑loss claims; staff will present plan design and funding recommendations in September.
HUB International, which took over benefits consulting for the city in April, told the council the city’s health insurance fund ran a roughly $3.5 million shortfall this year because plan funding had not matched total plan liability and the fund experienced more high claims than usual.
Julian Fontana of HUB said the city is on a partially self‑funded medical plan with stop‑loss…
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