Title
Vote on a request to approve Aggregate Stop Loss (ASL) and Single Stop Loss (SSL) Contracts with Blue Cross Blue Shield of North Carolina for the plan year July 1, 2018-June 30, 2019 and authorize the county manager to execute the contracts.
Abstract
Action Requested: Vote on a request to approve Aggregate Stop Loss (ASL) and Single Stop Loss (SSL) Contracts with Blue Cross Blue Shield of North Carolina for the plan year July 1, 2018-June 30, 2019 and authorize the county manager to execute the contracts.
Introduction & Background: Aggregate stop loss and single stop loss coverage protects the covered entity (County of Chatham) from large, catastrophic health insurance claims.
Discussion & Analysis: Single stop loss limit is increasing from $100,000 per occurrence to $125,000 per occurrence. These contracts accompany the annual renewal documents approved at the May 21, 2018 meeting.
How does this relate to the Comprehensive Plan: n/a
Budgetary Impact: Premium costs included in fixed administrative costs approved on May 21, 2018.
Recommendation: Motion to approve Aggregate Stop Loss (ASL) and Single Stop Loss (SSL) Contracts with Blue Cross Blue Shield of North Carolina for the plan year July 1, 2018-June 30, 2019 and authorize the county manager to execute the contracts.