City renews stop-loss insurance with Symetra for $1.1M
$1.1M
, Red tier (over $1 million)
The city is spending $1.1 million over the next year on stop-loss insurance to protect employee health benefits from catastrophic claims. This is a routine annual renewal that helps ensure the city can cover unexpected medical costs without disrupting employee coverage.
Counterparty:
Symetra Life Insurance Company
Funding source:
General Fund
Action type:
Resolution