With Marshall County government now on a self-funded medical insurance program for county employees, the Marshall County Commissioners approved a resolution to enter into a contract to insure medical stop loss policies.
During a commissioners meeting held Friday, December 29, Marshall County Attorney Jim Clevenger explained that the county will be paying for the medical bills for the employees. The county’s insurance agent suggested entering into medical stop loss policies so if the county is faced with catastrophic claims the claims will not bankrupt the county.
The resolution authorizes Marshall County Council President Stan Klotz to sign agreements related to membership requirements with Paradigm Holdings, LLC and Pareto Captives, LLC and related agreements and documents to implement a medical stop loss program.
There is a subscription and capital contribution of $83,096 to be paid for 2024 and to be paid for 2025 in order to bind coverage of the stop loss policies. If the county decides to go back to paying an insurance company to complete the claims, a refund would be issued to the county.
The commissioners needed to approve the paperwork during Friday’s meeting to ensure insurance would be available January 1.
The commissioners unanimously approved the resolution.
The Marshall County Council met Thursday, December 28 where they approved a transfer of appropriations to get the payment for 2024 approved where a total of $58,309.71 was transferred from Utilities to Group Health Insurance. The total amount for 2025 will come from the 2024 budget.
