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HSS CFO reports $92.1M trust balance for FY2018–19; $44.7M in future obligations, Trio claims spike noted

San Francisco Health Service System Board · December 12, 2019
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

CFO Pamela Levin reported the trust fund ended FY2018–19 with a $92.1 million balance and $44.7 million of future obligations; she and Aon flagged a July–September spike in large claims for the Blue Shield Trio plan that will be monitored with Blue Shield and account managers.

Pamela Levin, HSS chief financial officer, presented the fiscal year 2018–19 trust fund results and projections through Sept. 30, 2019.

Levin reported the trust ended FY 2018–19 with a balance of $92.1 million, an increase of $14.7 million from the prior year. She listed components of the change including plan‑level movements (for example a $7.1 million increase for Blue Shield Access Plus and a $5.5 million increase for Blue Shield Trio through…

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