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File #: 19-1141    Version: 1 Name: Contract 2015-0106 Amendment 1 SunLife
Type: Item Approved on Behalf of the Board Status: Passed
File created: 10/22/2019 In control: Board of Mayor & Aldermen
On agenda: 11/12/2019 Final action: 11/12/2019
Title: COF Contract No. 2015-0106 - Amendment 1, with Sunlife Stop Loss Renewal.
Sponsors: Kevin Townsel
Attachments: 1. LAW - Contracts Agreements - Contract 2015-0106 - PURCHASING - STOP LOSS INSURANCE AND HEALTH PHA(1).pdf


DATE:                                                               October 22, 2019


TO:                                          Board of Mayor and Aldermen


FROM:                                          Eric Stuckey, City Administrator





COF Contract No. 2015-0106 - Amendment 1, with Sunlife Stop Loss Renewal.



The purpose of this memo is to provide information to the Franklin Board of Mayor and Aldermen (BOMA) concerning Amendment 1 of the City’s SunLife stop loss renewal contract.



The City’s current vendor for stop loss is SunLife. Stop loss is a provision of an insurance policy; it’s intended to cut off the City’s losses at a specified point.


Financial Impact

The employee pays the stop loss premium depending on either individual or family coverage. The premium is folded into their overall medical insurance premium.




Staff recommends approval of Amendment 1 of the SunLife stop loss contract.