West Virginia Retiree Health Benefit Trust Fund and PEIA Finance - PowerPoint PPT Presentation

West Virginia Retiree Health Benefit Trust Fund and PEIA Finance Board Meeting Thursday, January 21, 2016, 1:00 p.m. Canaan Valley Room 1041, DEP Building, 601 57th Street, SE Charleston, WV 25304

Agenda • Roll Call • Call to Order • Approval of Minutes • Financial Update • Public Comment • Vote on FY2017 Financial Plan • Director Update • Old Business • New Business • Schedule Next Meeting PEIA/RHBT Finance Board Meeting 2

Roll Call Jason Pizatella, Chairman Members:  Brian Donat  James W. Dailey, II  Troy Giatras  Elaine Harris  William “Bill” Ihlenfeld  William “Bill” Milam  Michael T. Smith  Joshua Sword PEIA/RHBT Finance Board Meeting 3

Approval of Minutes December 10, 2015 Jason Pizatella, Chairman PEIA/RHBT Finance Board Meeting 4

Financial Update Ted Cheatham PEIA Director Jason Haught, CPA PEIA Chief Financial Officer Chris Borcik, CPA CCRC Actuaries PEIA/RHBT Finance Board Meeting 5

6 PEIA/RHBT Finance Board Meeting

7 PEIA/RHBT Finance Board Meeting

New Funding: How does this affect employees? Active Employees 12% Rate Increase (80/20 Rule) Non-State Agencies 4% Rate Increase (Parity) Non-Medicare Retirees 12% Rate Increase (Parity) Medicare Retirees 12% Rate Increase (Parity) PEIA/RHBT Finance Board Meeting 8

Health Promotion Benefit Changes (Except Medicare Retirees) • Face-2-Face diabetes program will become a two year program similar to weight management. After two successful years, members will graduate. • Healthy Tomorrows reminder • Have a primary care provider • Submit your biometric form completed by your doctor • Submission must be in before May 15, 2016, to avoid an additional $500 deductible for plan year FY 17 • Start working with your doctor to get your numbers in range for FY 18 • Considering a premium differential for FY 19 instead of the increased deductible PEIA/RHBT Finance Board Meeting 9

Proposed Benefit Adjustments for Plan Management Non-State, State, Non-Medicare Retirees, Special Medicare • Increase Urgent Care copay to $50  Add Telehealth at $40 copay (Legislation Needed)  For CCP members, charge $40 copay for ANY non-CCP office visit  Remove Living Will Discount  Remove non-network out-of-state benefits PEIA/RHBT Finance Board Meeting 10

Proposed Benefit Adjustments Non-State, State, Non-Medicare Retirees, Special Medicare  Add $500 emergency room copay for high risk behaviors: Accidents while driving motorcycle or UTV/ATV • without a helmet DUI/DWI or Drug -related accidents • Failure to wear seatbelt(s) •  New fee schedule for select items = $2,000,000 Plan savings PEIA/RHBT Finance Board Meeting 11

Proposed Fee Schedule for Selected Items PEIA/RHBT Finance Board Meeting 12

Proposed Rates Non-State Agency PEIA/RHBT Finance Board Meeting 13

Proposed Premium Increase Active Employees PEIA/RHBT Finance Board Meeting 14

5 Year Plan State and Non-State PEIA/RHBT Finance Board Meeting 15

Proposed Benefit Adjustments Non-Medicare Retiree • 12% Premium Increase • See Active Page PEIA/RHBT Finance Board Meeting 16

Proposed Rates Non-Medicare Retirees PEIA/RHBT Finance Board Meeting 17

Proposed Benefit Adjustments Medicare Retiree  12% Premium Increase  Remove Living Will Discount PEIA/RHBT Finance Board Meeting 18

Proposed Rates Medicare Retiree PEIA/RHBT Finance Board Meeting 19

5 Year Plan Non-Medicare & Medicare Retiree PEIA/RHBT Finance Board Meeting 20

Public Comment Jason Pizatella, Chairman PEIA/RHBT Finance Board Meeting 21

Voting of the FY2017 Financial Plan Jason Pizatella, Chairman Members:  Brian Donat  James W. Dailey, II  Troy Giatras  Elaine Harris  William “Bill” Ihlenfeld  William “Bill” Milam  Michael T. Smith  Joshua Sword PEIA/RHBT Finance Board Meeting 22

Director Update Ted Cheatham PEIA Director PEIA/RHBT Finance Board Meeting 23

Old Business Jason Pizatella Chairman PEIA/RHBT Finance Board Meeting 24

New Business Jason Pizatella Chairman PEIA/RHBT Finance Board Meeting 25

Schedule Next Meeting April 21, 2016, 1:00 pm Jason Pizatella Chairman PEIA/RHBT Finance Board Meeting 26

Adjourn Jason Pizatella Chairman PEIA/RHBT Finance Board Meeting 27

If you want to request a copy of today’s meeting materials, please contact: Twila Neil (304) 957 ‐ 2620 twila.j.neil@wv.gov PEIA/RHBT Finance Board Meeting 28