Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Employee Benefits Trust update: city trustees report mostly net-neutral results but warn of potential 17—18% increase
Summary
Trust leaders explained how the self-funded Meridian Employee Benefits Trust works, reviewed 2020'2024 claims experience and reserves, described stop-loss and audit requirements, and said the trust expects a substantial premium increase next year; council asked staff to pursue an RFP and return with timing options.
Bill (chair of the Employee Benefits Trust) updated the council on the structure, experience and near-term outlook for the Meridian Employee Benefits Trust, the entity the city uses to manage medical, dental and vision benefits for most city employees.
Bill said the trust is governed by a separate board of trustees made up of city employees and works with Gallagher (benefits broker) and Blue Cross (carrier). The trust is a partially self-funded plan using a stop-loss arrangement; trustees described the aggregate stop-loss attachment at $225,000 per claim. The trust is audited annually and submits quarterly…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
