Lincoln Land Community College Board of Trustees Regular Meeting Agenda Packet 2026-05-27
LLCC Selects Voya for FY2027 Stop-Loss Insurance
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Description
Lincoln Land Community College intends to purchase FY2027 specific stop-loss insurance from Voya with a $110,000 liability limit per insured and a projected maximum cost of $1,635,874. The policy will protect the college’s self-funded health plan from high-cost medical claims.
Contract Details
Contract Amount
$1,635,874 (projected maximum annual cost)
Vendor
VOYA
Agency
Lincoln Land Community College, IL
Contract Type
INSURANCE
Document Date
May 26, 2026
Contract Term
FY2027 (policy year beginning July 1, 2026)
Renewal Date
2027-06-30
Renewal Info
New stop-loss policy replacing expiring HCC contract effective July 1, 2026, with a specific deductible of $110,000 per insured for FY2027.
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Lincoln Land Community College Board of Trustees Regular Meeting Agenda Packet 2026-05-27
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