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City to appropriate funds after $1.4 million self-insurance claim; stop-loss to limit exposure
Summary
Officials introduced temporary resolution #85-25 to appropriate funds to cover a recent $1.4 million claim against the city's self-insurance plan pending stop-loss insurance relief for losses above $150,000; the City pays 85% of employee health premiums, per the minutes.
The Finance Committee was briefed on a $1.4 million claim against the City of Lancaster's self-insurance plan. Mr. Luchtenberg introduced SSD Woody, who explained the claim and said the city will appropriate funds to cover the expense until the stop-loss insurance policy mitigates the portion of the loss above the stop-loss threshold (the minutes state the policy mitigates a percentage of any loss over $150,000).
Mayor context: the Mayor provided additional background on the city's employee health insurance and said the City pays 85% of employee premiums. The minutes do not record the exact appropriation amount to be moved or a formal vote on the resolution at this meeting.
What happens next: the committee introduced Temp Res #85-25 (Administrative Services Committee) and listed follow-up steps for staff to prepare appropriation paperwork; the minutes do not record a final formal vote or the precise appropriation line amounts.
