Meeting minutes from the September 6, 2024 meeting are set to be approved in the October 4, 2024 meeting. 

DRAFT FRIC Meeting Minutes
August 9, 2024, 11:30 am
Zoom Meeting

Members present: Julie Urmie*, John Laverty*, Josey Bathke, Mary Charlton, Dan Katz, Cormac O’Sullivan, Richard Peter, Angela Speers, Anand Vijh ⁺, Matt Watson, Michael Weaver, Anya Prince, Chuck Wieland

*Co-chairs; ⁺Minutes

Members absent: George Hospodarsky

Administrative staff present: Joni Troester, Rebecca Olson

Visitors present: Cheri Smith, Jessica Wade, Kara Wright, Cheryl Reardon, Erin Litton

1. Introductions: The meeting started with a roll call at 11:30 am. The attendees are noted above. The committee welcomed a new member Matt Watson, who comes from Health Care Information Systems. He brings valuable experience and enthusiasm to the committee.
2. Approval of May meeting minutes: Chuck Wieland motioned to approve the minutes, Mike Weaver seconded. May minutes were unanimously approved.
3. Retiree Health Insurance Update (Informational Only): Joni Troester presented details of university’s retiree health plan. This plan covers approximately 1,700 members. For Calendar Year (CY) 2025, their insurance premiums will not increase from the current rates which are $1,018 per month under UIChoice plan and $916 per month under UISelect plan, both per covered person rates. The $288 monthly subsidy for eligible retirees will continue again for 2025. 
4. 2025 Dental Rate Discussion: The administrators next presented details of the dental insurance plan. For CY 2025, there will be a 4% increase in premium rates across the board. This comes after a five-year period of no increase during 2018 to 2022 and a two-year period of 3% annual increases during 2023 to 2024. Chuck Wieland motioned to approve the new rates for 2025, Richard Peter seconded. Dental rate increase passed unanimously.
5. 2025 Health Rate Discussion: The last item discussed was the CY 2025 premiums for employee healthcare plans. The current arrangement is that we have two plans: UIChoice and UISelect.  Under each plan, there are five family status categories: employee only, employee and spouse, employee and children, employee and family, and dual-employee family (i.e., both spouses are university employees). For CY 2025, the administrators proposed a 5% increase in premiums for all employee categories under UI Choice and a 1.2% increase for all categories under UI Select. The largest monthly increase in employee premium is $22 for UIChoice family coverage. Discussion involved rating tiers by family coverage. Committee will continue discussion next spring during plan design discussions. Chuck Wieland motioned to approve the proposed health rates and Cormac O’Sullivan seconded. The proposed health rate increases passed unanimously. The next steps will be approval by various university administrators ending with the Board of Regents meeting on September 18-19, 2024.
6. There was a motion to adjourn the current meeting, and it passed unanimously. The meeting adjourned around 12:10 pm.

Recorder: Anand Vijh