Legislation Details

File #: 24-1378    Version: 1 Name: Proposal to Renew Contract with Professional Benefit Administrators (PBA) for the 2025 plan year (01/01/2025 - 12/31/2015) Proposal to Renew Contract with Professional Benefit Administrators (PBA) for the 2025 plan year (01/01/2025 - 12/31/2025)
Type: Resolution Status: Agenda Ready
File created: 10/15/2024 In control: Employee Benefit Trust Fund Committee
On agenda: 10/17/2024 Final action: 10/17/2024
Title: Proposal to Renew Contract with Professional Benefit Administrators (PBA) for the 2025, 2026, 2027 calendar plan years.
Attachments: 1. City of La Crosse 2025 PBA Renewal Proposal.pdf

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.