SUBJECT
titleC
Discussion with possible action to approve the employee and retiree health insurance plan design and premium contribution structure for FY 2026-2027.body
PREVIOUS COUNCIL ACTION
N/A
BACKGROUND
In response to rising healthcare expenditures and evolving member needs, the City’s benefits consultants, local insurance broker and City staff conducted a comprehensive review of the current medical compensation plan. Their analysis considered factors including increased medical and prescription drug costs, higher member utilization, and the growing frequency of high-cost claims. Based on this evaluation, the consultants recommended a series of strategic amendments to the City’s existing medical compensation plan to ensure its continued affordability, sustainability, and competitiveness.
COMMITTEE RECOMMENDATION
N/A
STAFF RECOMMENDATION
recommendation
Staff recommends Council approve the changes to the medical health plan as presented.
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Fiscal Impact
Fiscal Year: 2027
Budgeted Y/N?: N/A
Source of Funds: Health & Benefits
Account #: 660
Change Order: Exceeds 25% Y/N: N/A
FINANCIAL IMPACT:
No financial impact at this time.