Authorizes municipalities to join county self-funded or self-insured health plans with county and municipal consent.

This bill allows municipalities to join a county self-funded or self-insured health plan with the consent of the county and the governing body of the municipality. It mandates that the county must use an actuary approved by the superintendent of financial services to certify that the plan meets specific criteria, including maintaining a reserve fund, having a surplus account, and implementing a stop loss per individual claim. The contingent liability of municipal corporations for additional assessments is not considered an asset in the financial statements of the health plan.

Authorizes municipalities to join county self-funded or self-insured health plans with county and municipal consent.

This bill allows municipalities to join a county self-funded or self-insured health plan with the consent of the county and the governing body of the municipality. It mandates that the county must use an actuary approved by the superintendent of financial services to certify that the plan meets specific criteria, including maintaining a reserve fund, having a surplus account, and implementing a stop loss per individual claim. The contingent liability of municipal corporations for additional assessments is not considered an asset in the financial statements of the health plan.