Health Insurance premiums are expected to increase for the City of Sheridan as the paid loss ratio continues to climb higher than the desired 85%. City Human Relations Director Heather Doke.
The fact that the paid loss ratio is almost 91% at this point in the fiscal year means that an impending increase is looming.
Doke said that the increase in health insurance premiums is typical, as it's something that most municipalities are experiencing across the country. Doke also stated that they will most likely know what the increase will be from their insurance carrier in March of 2011.