City to authorize $1.5M stop-loss insurance contract with Optum for 2026–27

the Mayor · Jun 2, 2026

Budget & Finance

$1.5M

Would secure stop-loss insurance coverage for active and retired city employees' health claims starting July 1, 2026. The $1.5M annual premium helps protect the city's self-funded medical plan from catastrophic claim losses.

Optum Health Insurance Company General Fund Contract award

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City to authorize $1.5M stop-loss insurance contract with Optum for 2026–27

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