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Council approves renewal of town health plan reinsurance with higher deductible
Summary
The Flower Mound Town Council approved renewing stop-loss (reinsurance) coverage with Voya, moving to a $185,000 specific deductible and retaining Quantifi Specialty Care for infusion services; staff said the change trims approximately $25,000 from annual fixed costs and addresses high-cost claimants.
The Flower Mound Town Council voted unanimously to renew the town's stop-loss (reinsurance) coverage with incumbent carrier Voya, adopting a $185,000 specific deductible for plan members and retaining Quantifi Specialty Care for high-touch infusion therapies.
Human-resources director Linda Valaito presented the recommendation, saying the deductible change "made the most sense" after the town's request for proposals produced three offers and yielded a 1.17% decrease in premium, approximately $25,000 in annual fixed-cost…
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