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Meeting Minutes Health Care Benefits Trust Board Regular Meeting November 13, 2024| 4:00 pm Council Chambers Conference Room 88 East Chicago Street, Chandler, AZ Call to Order The meeting was called to order by Chair Terry Bond at 4:00 pm. Roll Call Commission Attendance Chair Terry Bond Secretary Zac Cummard Mark Knight Carson Mohr Absent Vice Chair Jennifer Huppenthal Other Attendance Rae Lynn Nielsen, HR Director Fernanda Acurio, HR Manager Kristin Maier, HR Manager Kristi Smith, Financial Services Director Julie Goucher, Accounting Senior Manager Rachel Calisi, Segal Consultants Rowena Laxa, Assistant City Attorney Destinee Martinez Peru, Medical Leave Coordinator Sarah Meland, Management Assistant Scheduled and Unscheduled Public Appearances None. Consent Agenda and Discussion 1. August 14, 2024 City of Chandler Health Care Benefits Trust Board Minutes. Move to approve the minutes of the City of Chandler Health Care Benefits Trust Board August 14, 2024 meeting. Consent Agenda Motion and Vote Secretary Cummard moved to approve the Minutes for August 14, 2024 Health Care Benefits Trust Board Meeting; Mr. Knight seconded the motion. Motion carried unanimously (4-0). Briefing Page of 2 2 2. Medical Trust Actuarial Report – Rachel Calisi, Segal Rachel Calisi of Segal presented the actuarial report through September 30, 2024. The report is attached to the meeting agenda. Chair Bond asked for examples of specialty drugs. Ms. Calisi said drugs for conditions such as cystic fibrosis or multiple sclerosis. She went on to explain that while there is an increase in specialty drugs spend, the trade off is that we are not seeing as many large hospitalization claims. Mr. Mohr asked if he was correct that generic dispensing was also up. Ms. Calisi confirmed that it was up about .3%. Ms. Nielsen pointed out that our plan will not pay for GLP-1s for weight loss, only diabetes which helps control the specialty drug numbers. 3. Financial Statements and Wellness Report, and Investment Report Julie Goucher presented the Financial Statements and Wellness Report, and Investment Report which are attached to the meeting agenda. There was no discussion or questions about the presentation. Member Comments/Announcements None. Calendar The next regular meeting will be held on Wednesday, February 26, 2025 at 4:00 pm. Informational Items Chair Bond let the Board know that items for future meetings are the Actuarial Audit Report, Financial Statements and Wellness Report, and the Investment Report. Adjourn Mr. Mohr motioned to adjourn the meeting which was seconded by Mr. Knight. Motion passed unanimously (4-0). The meeting was adjourned at 4:22 pm. ______________________________ ______________________________ Zac Cummard, Secretary Terry Bond, Chair