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CITY OF MERIDIAN EMPLOYEE BENEFITS Bill Nary, Trust Chair BENEFITS PLAN TRUST (COMEBPT)
B In addition the last half of 2021 the COMEBPT experienced higher than normal claims•expenses paid by the COMEBPTSince the 2022 rate development we have receive data accounting for
$190,000+ in COVID related •2022 Rates: Still did not have a full picture of the full costs of COVID•standards of care skewing the full cost of healthcare and costs of COVID as a resultdown
and crisis -wide pandemic, had encountered a shut-2021 Rates: In the midst of a world•coming plan yearCertified actuary to conduct an actuarial study to determine trends and establish
rates for the •Trust Contribution Rate Development ENEFITS
B Large Claims ENEFITS
B 1 Cancer = $450K+•= $600K+Stelara2 on RX •3 Premature Babies = $1M+•Large Claims Hitting Stop Loss ENEFITS
B COVID ENEFITS
B$64,000+ related to higher than expected Claims•$190,000+ related to COVID•Fund the Trust with $254,000 to ensure the sustainability of our employee benefits•Request ENEFITS
Thank you!City of Meridian Employee Benefits Plan Trust