2022 Stop Loss Coverage

The contract is for a one-year stop-loss coverage policy for Cleveland Metroparks' self-insured medical plan. The policy includes individual claim caps and aggregate claim caps. The contract was awarded to Medical Mutual, with a monthly rate of $106.83 per employee for individual stop-loss coverage and $4.90 per employee for aggregate stop-loss insurance. The contract also includes an ASO integration fee of $20,000. The scope of work includes providing stop-loss coverage for the Park District's self-insured medical plan. Key points to consider include the premium cost, laser risk, and ASO integration fees. • The contract is for a one-year term, starting January 1, 2022, and ending December 31, 2022. • The contract includes individual claim caps of $175,000 per individual and aggregate claim caps of 125% of expected claims. • The monthly rate for individual stop-loss coverage is $106.83 per employee, and the monthly rate for aggregate stop-loss insurance is $4.90 per employee. • The contract includes an ASO integration fee of $20,000. • The scope of work includes providing stop-loss coverage for the Park District's self-insured medical plan.