HomeMy WebLinkAbout10-23-2013 EMPLOYEE BENEFIT TRUSTCITY OF CALDWELL
EMPLOYEE BENEFIT PLAN
TRUSTEE MEETING
HELD ON OCTOBER 23, 2013
The meeting was called to order at 3:10 p.m.
Those in attendance: Monica Jones, ElJay Waite, Mary -Kaye Stewart, and Councilman
Hopper
DISCUSSION ITEM(S):
• As of September 30„ 2013, trial balance and bank balance was $868,757. Reported
revenues are $2,774,977 and reported expenses are $2,525,279. Financial reports
were reconciled and balanced.
• The Health Plan Experience report that Mercer prepared for YTD as of August
31, 2013 was reviewed. There was discussion about the 91% expense loss ratio
and the level of funding that the City and employees contribute.
• Lois at Mercer is working with Blue Cross to get the quarterly IBNR (incurred
but not reported) for June 30, 2013 and September 30, 2013.
• Monica is working with Lois to understand the reporting requirements of the
Department of Insurance (DOI). Lois is working to schedule a meeting with
Georgia from DOI, Danielle from Regence B1ueShield, and Monica. This meeting
is tentatively scheduled for sometime during the last week of October. Our
understanding is that the DOI requires an annual report of our health fund
prepared by an actuary; however, the request from DOI has been for a quarterly
report. We hope to resolve the reporting requirements with DOI.
• Monica reported that the Health & Wellness Fair was very successfully this year
and employees were pleased with the CEC location for this fair. Monica will be
following up with Dawna at West Valley to discuss the criteria being used to
determine the employee's wellness incentives to ensure compliance with the
City's Wellness Incentive Program.
Monica gave an update on the required changes under the Affordable Healthcare
Act. We discussed items to consider in our plan for the upcoming budget cycle.
Items included restricting employee's spouses and dependents that have
coverage with their employers from eligibility on the City's health plan. There
was discussion about the need to continue to manage and balance our plan while
keeping up with the rising healthcare costs.
MOVED by Monica, SECONDED by E1Jay to adjourn at 3:56 p.m. Our next meeting is
scheduled for January 22, 2014 at 2:00 p.m.
Those voting yes: Unanimous.
MOTION CARRIED