Long Beach

City Council

February 20, 2024 Item #22

Agenda Item 22

22. 24-52121 Recommendation to authorize City Manager, or designee, to execute an agreement\nwith VOYA, for healthcare specific stop-loss reinsurance coverage with a $500,000\ndeductible level, at an estimated cost of $1,921,520 for a twelve-month period\nretroactively effective January 1, 2024; and, execute any subsequent amendments\nnecessary to maintain current benefit levels and remain in compliance with state\nand federal laws. (Citywide)\nOffice or Department: Human Resources\nSuggested Action: Approve recommendation.\nORDINANCE