Loading...
Employee Benefit Trust Minutes - 05/25/2007 CITY OF WICHITA FALLS EMPLOYEE BENEFITS TRUST BOARD MEETING May 25,2007 Present: Bill Sullivan, Chair Darron Leiker, City Manager Jim Dockery, Finance Director David Winney, Human Resources Director Gail Garmon, Employee Benefits Coordinator Cassie Stennett, Broker Carol Bailey, Pharmaceutical Strategies Group Consultant Sondra Ferrell, Pharmaceutical Strategies Group Consultant The meeting was called to order at 12:10 p.m. Agenda Items: Approval of Minutes Jim Dockery made a motion to accept the minutes of the May 15 meeting. Darron Leiker seconded the motion. Motion carried. Discussion of Prescription Coverage Proposals Carol Bailey,PSG Consultant, presented proposals for the prescription coverage submitted by several vendors. The vendors submitting proposals were: Avia,NMHC, Pharmacare, Scott& White, Walgreens and Welldyne. The proposal submitted by the current vendor,Pharmacare, showed a savings to the plan for the coming contract year in the amount of$156,172.60. The only proposal that offered more savings came from Walgreens with a savings for the contract year at$186,816.14. After much discussion concerning the pros and cons of each vendor,the Board felt that,even though the change would need to be done before July 1,which is when the current Pharmacare contract expires, the switch to Walgreens was worth exploring since it would save the plan an additional $30,000.00. It was decided that the Employee Benefits office would contact Blue Cross/Blue Shield and Pharmacare to request electronic files of our enrollees,dependents, and retirees that could be forwarded to Walgreens for making the change. Whether or not the change could be made in such a short time,would depend on how quick we could obtain and check those files. Jim Dockery stated that if the files could not be submitted in excel form, the IS department would work with Employee Benefits to convert them. It was agreed that the Board would meet again on June 4 to discuss both the change to Walgreens and the responses from Blue Cross and Pharmacare. Other Business In other business,the Board discussed the Specialty Drug program that had been implemented approximately one year ago. This is a program where the vendor monitors, through case management, members who are taking certain drugs for their effectiveness, cost to the plan vs. the member, etc. In many cases, the drug can be sent directly to the member rather than obtaining it through a retail or mail order purchase. At the time the program was put into effect, it was not made mandatory. Making the program mandatory is an aspect the Board will explore. The meeting was adjourned at 1:50 p.m. Respectfully submitted, Gail Garmon Employee Benefits Coordinator