Employee Benefit Trust Minutes - 09/11/2015 City of Wichita Falls
Employee Benefits Trust Board Minutes
September 11th, 2015
The meeting was held in the City Council Conference Room, 1300 Seventh Street,
Wichita Falls, TX 76301.
Present: Harvey Glen Barham, Mayor
Darron Leiker, City Manager
Jim Dockery, Deputy City Manager
Kinley Hegglund, City Attorney
Christi Klyn, Human Resources Director
Pat Halverson, Director of Finance
Brian Lester, Employee Benefits Specialist
Brent Weegar, IPS Advisors, Principal (Remote)
Rebekah Ross, IPS Advisors, Sr. Account executive (Remote)
Bennett Champagne, IPS Advisors, Benefit Analyst (Remote)
Agenda Items:
Meeting was called to order at 10:00 a.m.
II. Meeting minutes from August 21st, 2015, were approved.
III. Financial report was presented and discussed.
IV. IPS Briefing
a. IPS briefed the following: historical plan cost analysis, budget projections,
benchmarking, current plan designs/contributions, recommendations and
2015/2016 timeline. Recommendations were made regarding subsidy rates,
health plan and stop-loss premium adjustments, co-pays, deductibles, and out-
of-pocket-maximums in response to a projected 44.6% increase in claims cost
YTD for PY 14-15. Numbers were presented for two contingent plans that would
be chosen between at the next city council. The first option would result in a
20.9% increase in premiums and increases to deductibles and out of pocket
maximums. The second option would result in a 27.4% increase in premiums,
and increases to deductibles and out of pocket maximums. Both options will
result in a reduction to employer subsidies for dependent coverage to 56% on
the enhanced plan. Stop loss premiums for the city will be increasing by 85%,
about $60,000 annually. The EBT has decided to begin the RFP process.
b. Options for the expansion of the city's Employee Family Healthcare Center
were discussed and compared against claims from urgent care facilities. A
motion was passed to extend hours at the clinic to 7:00 AM through 6:00 PM,
and to move one nurse practitioner to full time.
V. Open Discussion: No further items
VI. Meeting was adjourned at 11:34 AM