insurance programs update may 29, 2009. 2 medical insurance plan (mip) rmip is doing well jim...

Insurance ProgramsUpdate

May 29, 2009

2

Medical Insurance Plan (MIP)

RMIP is doing well

Jim Clagett will speak to the MIP finances

MIP Satisfaction Survey is underway-please participate!

3

Medical Insurance Plan (MIP): HQ

Accomplishments Dental Audit and Re-audit- problems

corrected

RMIP Insurance Records Verification-$250,000 savings to the plan for 2008. Much more for 2009.

Replaced current Pharmacy Benefits Manager-$2,000,000 reduction in cost/year (MIP & RMIP)

Van Breda Participants now have an Aetna card when visiting the USA.

4

Medical Insurance Plan (MIP): HQ

Special MIP Initiatives Underway

Prevention/Disease Management Program. Working with Catalyst to identify target illnesses.

Pilot of prevention/disease management program with HSD. (January 2009)

On-site Pharmacy in the Bank (Fall 2009)

5

Upcoming

Rebid of the MIP Administrators (Aetna & Van Breda) –the Decision Process

1.Satisfaction Survey Staff/Retirees

2.Review of pricing for admin services.

3.Network access review

4.Review of competitors

5.Discuss with Procurement our Findings

Other Issues? Tell me.