On December 8, 2014, City Council approved the Contract with Symetra Life Insurance Company for Stop Loss Insurance for City Self Funded Employee Health Care Insurance. On December 14, 2015, City Council approved a Contract Amendment to extend the term through December 31, 2016. 

The Human Resources Department and Procurement and Contracts Division are now requesting approval to extend the current contract for one (1) additional year in the estimated amount of $355,187. The following terms have been negotiated with Symetra Life Insurance Company for plan year 2017:

• No Increase to the current premium of $6.35 per subscriber per month
• Increase of $27,800 to the individual advantage deductible ($200,200 increases to $228,000).  This deductible only applies if individual health plan participants incur claims over the specific deductible of $600,000 in 2017.
• The total premium payments are less than those paid under the 2014 contract with the previous carrier.

All other terms of the current contract with Symetra Life Insurance Company for Stop Loss Insurance for City Self-Funded Employee Health Care Insurance will remain unchanged from plan year 2016.

No City Certified M/WBE suppliers are registered for this commodity.

Approval and authorization for the Chief Procurement Officer to negotiate and execute a contract amendment with Symetra Life Insurance Company, as indicated above. The final negotiated contract amendment will be subject to review and approval by the City Attorney’s Office.