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Title:
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Temp. Reso. #R8850 approving the award of Request For Proposals No. 26-03-14 for Employee Group Medical Program to Aetna, Inc., for the provision of self-funded health insurance programs for city employees, dependents and retirees and authorizing the execution of a negotiated agreement for an initial term of four years with the option to renew for four one-year renewal terms; establishing actuarial equivalent rates for insurance premiums for Calendar Year 2027 to include 100% of expected claims in an amount of $19,137,270.00; a contingency amount of 5% of claims in an amount of $1,577,530.00; administration and stop loss fees in an amount of $3,398,870.00 totaling an amount of $24,113,670.00. (Human Resources Director Kanika Stampp)
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