Self-Insurance Fund

Overview of Program & Intended Outcomes:

Accounts for employee and city premium contributions and claim payments and facilitates the monitoring of the city’s self-insured employee medical plan which was created in 2022 and included in the Finance Department's Self-Insurance Fund program.

In 2023, the employee Medical Self-Insurance Fund is remaining consistent with previous year's budgeting levels as the Fund continues it's first full year of operation.

2023 Activities:

• Continue to monitor 2023 activity in the Medical Self-Insurance fund and evaluate the use of any reserves.
• Continue wellness programs with city employees to decrease medical claims payments.
• Continue to build reserves for unexpected or above average medical claims.