3.A.
Employee Benefit Trust Board Meeting
- Meeting Date:
- 03/10/2021
- Department Head:
- Maria Munoz
- Submitted By:
- Maria Munoz, HR Benefits Coordinator, Human Resources Department
ITEM:
Discussion and possible action on any and all matters regarding proposed changes to the employee benefit plans for the fiscal year starting July 1, 2021. (Susan Posada, Broker and Consultant)
SUMMARY:
Ms. Posada provided the attachments to this item. For the Trustee's consideration, she will present an explanation of the draft recommendations contained in the attachments.
The below motions are provided as examples. The Trustees are free to approve, deny or modify the recommendations within their fiduciary duty.
The below motions are provided as examples. The Trustees are free to approve, deny or modify the recommendations within their fiduciary duty.
RECOMMENDATION / SUGGESTED MOTION:
(1) I MOVE TO APPROVE THE TELEDOC-HEALTHIEST YOU BUNDLE
(2) I MOVE TO APPROVE EBSO'S RENEWAL
(3) I MOVE TO APPROVE THE BUDGET DECREASE FOR WELLNESS PROGRAM
(4) I MOVE TO APPROVE THE BCBS RENEWAL
(2) I MOVE TO APPROVE EBSO'S RENEWAL
(3) I MOVE TO APPROVE THE BUDGET DECREASE FOR WELLNESS PROGRAM
(4) I MOVE TO APPROVE THE BCBS RENEWAL
Fiscal Impact
Fiscal Impact:
Healthiest You bundle proposal would increase a total of $21,504 annually. Invoiced monthly at approximately, $3,840. Compared to the current annual cost of $24,576, monthly invoice cost of $2,048.
Fiscal Impact:
Wellness program budget decrease from $12,000 to $18,000
Fiscal Impact:
BCBS of Arizona renewal ranges from July 1, 2021 to June 30, 2023. Access fees will be as follows for the next two years:
Effective 07/01/2021 to 06/30/2022 access fee will be $19.25 PEPM
Effective 07/01/2022 to 06/30/2023 access fee will be $21.00 PEPM
Effective 07/01/2021 to 06/30/2022 access fee will be $19.25 PEPM
Effective 07/01/2022 to 06/30/2023 access fee will be $21.00 PEPM