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Board approves Hartford renewal, general‑fund and sustainability budgets; increases sustainability assessment by $1
Summary
The Health Service Board accepted Hartford’s three‑year rate commitment for life and disability plans, approved SFHSS general fund administrative budgets and voted to raise the health‑care sustainability fund assessment from $3 to $4 per member per month; all actions passed unanimously by roll call.
At the meeting the board approved several action items affecting plan administration and SFHSS budgets.
Mike Clark of Aon recommended accepting the Hartford fully insured renewal for basic life, accidental death & dismemberment and long‑term disability for the 2025 plan year; Clark noted the recommendation reflects the third year of a three‑year rate commitment and that 2025 rates will remain level with 2024. The board moved, seconded and voted unanimously to accept the renewal. "It is recommended that the Health Service board accept the renewal of all fully insured life insurance, AD and D insurance, and LTD insurance premiums," Mike Clark said during the presentation.
In finance items, the board — sitting as a committee of the whole for rates and benefits — approved the SFHSS general fund administrative budget for FY24–25 and FY25–26 after the finance committee chair presented staff recommendations and contingency plans. The vote was unanimous.
The board also approved the health‑care sustainability fund budget and a proposal to increase the per‑member monthly assessment from $3 to $4 beginning plan year 2025. CFO Iftikhar Hussain said the $1 increase would make the fund sustainable through 2028 given planned program investments and the transfer of two positions back to the trust. "We are recommending this year is to increase the assessment from the current $3 to $4," he told commissioners. The motion passed by unanimous roll call vote.
Staff recorded motions, seconds and unanimous roll calls for these items; votes were recorded in the meeting minutes and will be reflected in upcoming administrative and procurement planning for the FY25 cycle.
