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Wood County benefits update: brokers report $3.7 million in stop-loss reimbursements and recommend keeping trust reserve policy
Summary
County HR and outside brokers reported three large stop-loss claims that will generate approximately $3.7 million in reimbursements and identified an additional $115,000 in retrospective 2024 reimbursements; trustees recommended maintaining the self-insurance reserve policy.
County HR officials briefed commissioners on employee health-plan finances and large claims activity during the March 24 session reviewing March 19 agenda items.
HR Manager Janese Diem, joined by Assistant HR Manager Erica Noel and benefits clerks, presented plan details and an updated trust-fund balance. Jake Cox of Savage & Associates said…
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