File #: #R8551    Version: 1 Name: Aetna Second Renewal Extension
Type: Resolution Status: Agenda Ready
File created: 10/14/2025 In control: CITY COMMISSION REGULAR MEETING
On agenda: 11/5/2025 Final action:
Title: Temp. Reso. #R8551 approving the extension of the agreement with Aetna Life Insurance Company for the provision of employee group health insurance programs for City employees, dependents and retirees; establishing actuarial equivalent rates for insurance premiums for Calendar Year 2026 to include 100% of expected claims in an amount of $16,100,000 and administration and stop loss fees in an amount of $2,400,400 adding a contingency in an amount not-to-exceed 7%, or $1,296,000, of the anticipated annual expenses, totaling a not-to-exceed amount of $19,796,400. (Chief Human Resources Officer/Director of Human Resources Kanika Stampp)
Attachments: 1. TR8551 Aetna Second Renewal Extension with backup
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
No records to display.

CITY OF MIRAMAR

PROPOSED CITY COMMISSION AGENDA ITEM

 

Item Description:

Title

Temp. Reso. #R8551 approving the extension of the agreement with Aetna Life Insurance Company for the provision of employee group health insurance programs for City employees, dependents and retirees; establishing actuarial equivalent rates for insurance premiums for Calendar Year 2026 to include 100% of expected claims in an amount of $16,100,000 and administration and stop loss fees in an amount of $2,400,400  adding a contingency in an amount not-to-exceed 7%, or $1,296,000, of the anticipated annual expenses, totaling a not-to-exceed amount of $19,796,400. (Chief Human Resources Officer/Director of Human Resources Kanika Stampp)