Stoploss Insurance for Employee Health Care Plan

The City of Orlando has awarded a contract to Symetra Life Insurance Company for stoploss insurance for their employee health care plan. The contract has a duration of 10 years, with an effective date of January 1, 2015, and an end date of December 31, 2025. The contract has been renewed multiple times, with the most recent renewal effective from January 1, 2017, to December 31, 2017. The contract includes excess loss coverage, with a deductible level of $600,000 and a lifetime maximum of unlimited. The contract also includes terminal liability coverage and managed care network coverage through UHC. The contract has a budget amount of $4,099,650. Key points of this contract include: • Excess loss coverage with a deductible level of $600,000 • Lifetime maximum of unlimited • Terminal liability coverage • Managed care network coverage through UHC • Budget amount of $4,099,650 • Contract duration of 10 years • Multiple renewals of the contract