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Board reviews financials, approves Hartford and VSP renewals and hears communications, benchmarking and Kaiser reports
Summary
San Francisco Health Service System directors presented financials and plan benchmarking; the board approved Hartford life/LTD renewals and VSP vision rates for 2022, heard a new proactive communications plan for members, and reviewed Kaiser and Aon benchmarking data.
The San Francisco Health Service System board received multiple management updates and approved two insurer renewals during the meeting.
CFO Larry Liu reported financial highlights through Feb. 28: the employee benefits trust fund is projected to increase by approximately $18.5 million to a projected ending balance near $135 million, driven largely by self‑insured plans and expected pharmacy rebates (Aon estimated $7.3 million in pharmacy rebates for the year; the trust had received about $4 million year‑to‑date). Liu said general‑fund administrative spending is expected to be roughly neutral, with a small projected surplus of about $143,000.
On action items, Aon actuary Mike Clark recommended the board accept Hartford’s 2022 fully insured…
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