Title
Consider/Discuss/Act on a Resolution Authorizing the City Manager to Execute a Contract with Stealth Partner Group, LLC of Scottsdale, AZ to Provide Stop Loss Insurance
Summary
COUNCIL GOAL: Operational Excellence
(2.1: Balance available resources to accommodate the growth and maintenance needs of the city.)
Financially Sound Government
(4.4: Create financial plans for future growth as well as future maintenance.)
MEETING DATE: December 2, 2025
DEPARTMENT: Human Resources
Procurement Services
CONTACT: Jim Parrish, Director of Human Resources
Sheryl Williams, Human Resources Manager
Sean Fu, Buyer II
RECOMMENDED CITY COUNCIL ACTION:
• Approval of Resolution
ITEM SUMMARY:
• This Resolution authorizes the City Manager to enter into a contract with Stealth Partner Group, LLC for Stop Loss Insurance.
BACKGROUND INFORMATION:
• The City issued a Request for Proposals, 26-01RFP for Stop Loss Insurance on September 5, 2025.
o Advertised in McKinney Courier Gazette
o Posted on McKinney TV
o 56 matching eBid Supplier Notifications, including 0 Historically Underutilized Business (HUB) suppliers
• Of the 56 supplier notifications, three (3) proposals were received on October 9, 2025.
• An evaluation committee comprised of staff from Human Resources and Procurement Services reviewed and scored the proposals based on the following criteria:
o 30 Points - Cost
o 20 Points - Cost Containment/Innovative Solutions
o 20 Points - Population Health Management Programs
o 10 Points - Claims Processing
o 10 Points - Integrated Systems/Technology Initiative
o 10 Points - Communications
• Based on the results of the evaluated proposals, the evaluation committee, along with HUB International the City’s benefits consultant, is recommending award and execution of contract with the top-ranked respondent, Stealth Partner Group, LLC to provide Stop Loss Insurance.
• The current specific individual stop loss deductible is $200,000. The new individual stop loss deductible will be $225,000 and this will result in a total savings of $706,433.
• The resulting negotiated contract, in the estimated amount of $2,724,199.00 for Specific Premium and $79,381.00 for Aggregate Premium per year and shall commence on January 1, 2026 and continue for a period of one (1) year with an option for four (4) one-year renewals.
FINANCIAL SUMMARY:
• Funding is available in account 015-2110-413-8575.
BOARD OR COMMISSION RECOMMENDATION:
• N/A