Title
Proposal to Renew Contract with Professional Benefit Administrators (PBA) for the 2025, 2026, 2027 calendar plan years.
Fiscal Note
PBA is extending the current PBA rate guarantee for the 2025 Plan Year (1/1/25 - 12/31/25). Additionally, the Annual Compliance Fee of $1,500.00 and the stop loss interface fee of $2.50 PEPM will be waived.
PBA's offer includes a 3% cap on the 2026 renewal (1/126-12/31/26) and will hold our PBA 2026 administration fee for 2027. The Annual Compliance fee of $1,500.00 will be waived.