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San Luis project: health insurance costs could rise 9–15% as stop‑loss insurance and a few claimants drive increases
Summary
A benefits consultant told the council the city's employee benefits budget is about $5.1M with medical/pharmacy accounting for roughly $4.6M; he projected a tentative 9–15% increase for medical costs driven primarily by stop‑loss (catastrophic) insurance and a handful of very high‑cost claimants.
A benefits consultant working with the City of San Luis presented an overview of the city’s employee benefits budget and the principal cost drivers for the coming fiscal year.
The consultant said the city’s employee benefits program is budgeted at about $5,100,000, of which approximately $4,600,000 is budgeted for the medical plan. He told council members the actuarial range for the medical/pharmacy plan points to a probable 9–15% increase in FY27, while cautioning the final rate depends on market underwriting that was still being…
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