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Cumberland County Board of Commissioners Agenda Packet 2026-05-14

Symetra Stop-Loss Proposal Leads 2026–27 Marketing

$118.52 PEPM stop-loss premium (illustrative)Cumberland CountySYMETRAMay 14, 2026

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

Symetra provided Cumberland County with the most competitive 2026–2027 medical stop-loss proposal at an illustrative $118.52 per employee per month, including one $700,000 laser and a 50% rate cap. County staff will ask the Board to select a stop-loss vendor for the coming plan year based on this marketing analysis.

Contract Details

Contract Amount

$118.52 PEPM stop-loss premium (illustrative)

Vendor

SYMETRA

Agency

Cumberland County, NC

Contract Type

INSURANCE

Document Date

May 14, 2026

Contract Term

2026–2027 plan year (24/12 contract basis)

Renewal Date

2027-06-30

Renewal Info

Proposal includes a 50% renewal rate cap and no new laser provision, shaping terms for potential renewal beyond the 24/12 contract year.

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