Allegany County Board of County Commissioners Public Business Meeting Agenda 2026-05-28
CareFirst Stop-Loss Insurance Renewed for FY 2027
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Description
Allegany County renewed its stop-loss insurance coverage with CareFirst for FY 2027 at a premium of $1,304,007. The renewal reflects a 26.12% increase in premiums due to an uptick in high-cost claims.
Contract Details
Contract Amount
$1,304,007 (FY 2027 fixed premium)
Vendor
CAREFIRST
Agency
Allegany County, MD
Contract Type
INSURANCE
Document Date
May 28, 2026
Contract Term
FY 2027
Renewal Date
2027-06-30
Renewal Info
Annual renewal, FY 2027 rates; prior year premium was $1,033,976.
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