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Richmond council authorizes final insurance runout payment of up to $44,803
Summary
Council approved a not-to-exceed payment of $44,803 to CAS to settle outstanding runout costs from prior health insurance; the move followed staff and council reminders about the stop-loss date passing and was approved unanimously.
The Richmond City Council voted unanimously July 8 to authorize a final payment of up to $44,803 to CAS to settle runout costs from a previous health insurance plan.
Councilor Deanna Guy reminded the council of prior briefings about the outstanding obligation and noted the stop-loss date has passed, making this payment the final runout cost. Councilor Ron Peterson moved to approve payment with a not-to-exceed limit of $44,803; Councilor Barb Hardwick seconded. The roll call vote recorded eight ayes and no nays.
The minutes do not include additional detail about the stop-loss carrier, the exact charges itemized by CAS, or the funding source used to make the payment. The action was recorded as a one-time settlement of prior insurance liabilities and carries no further policy change in the minutes.
The council recorded the motion as approved 8-0.
