February 26, 2025 City of Chandler Health Care Benefits Trust Board Meeting Minutes

Meeting Minutes 
Health Care Benefits Trust Board 
Regular Meeting 
 
February 26, 2025| 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 
Present 
Chair Terry Bond 
Secretary Zac Cummard 
Mark Knight 
Carson Mohr 
 
 
Absent 
Vice Chair Jennifer Huppenthal 
 
Other Attendance 
Fernanda Acurio, HR Manager 
Kristi Smith, Financial Services Director 
Julie Goucher, Accounting Senior Manager 
Rachel Calisi, Segal Consultants 
Rowena Laxa, Assistant City Attorney 
Sarah Meland, Management Assistant 
 
 
Scheduled and Unscheduled Public Appearances 
None. 
 
Consent Agenda and Discussion 
 
1. November 13, 2024 City of Chandler Health Care Benefits Trust Board Minutes. Move to 
approve the City of Chandler Health Care Benefits Trust Board meeting minutes from 
November 13, 2024.  
 
Consent Agenda Motion and Vote 
Board Member Knight moved to approve the Minutes for November 13, 2024 Health Care Benefits 
Trust Board Meeting; Board Member Mohr seconded the motion. Motion carried unanimously (4-
0).

Page 2 of 3 
 
 
Briefing 
 
2. Medical Trust Actuarial Report – Rachel Calisi, Segal 
 
Rachel Calisi of Segal presented the actuarial report through December 31, 2024. The report is attached to 
the meeting agenda. 
 
Discussion: Board Member Knight asked if the trend up in specialty drugs was unusual.  Ms. Calisi said the 
trend up Chandler is being experienced by everyone across the board. Chair Bond asked what the specialty 
drugs were and Ms. Calisi cited drugs for chemotherapy, anti-cancer, cystic fibrosis, MS, etc.  
 
3. Financial Statements and Wellness Report – Julie Goucher, Management Services 
4. Investment Report – Julie Goucher, Management Services 
 
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. 
 
Action Agenda  
 
None 
 
Member Comments/Announcements 
Fernanda Acurio congratulated Secretary Cummard on his retirement and thanked him for his 
service on the Board.  She also let the Board know that we are in the process of selecting new 
Board members and would vote on them at the June meeting. 
 
Board Member Mohr also thanked Secretary Cummard on his service on the Board then asked if 
there was a study regarding savings from specialty drugs versus hospital stays over the long term.  
Ms. Acurio responded that there was an upcoming meeting with Blue Cross Blue Shield, and she 
would ask if they know of a report like that or had any data. 
 
Calendar 
The next regular meeting will be held on Wednesday, June 11, 2025 at 4:00 pm. This meeting will 
be a joint meeting with the Workers’ Compensation and Employer Liability Trust Board. 
 
Informational Items 
Chair Bond let the Board know that items for future meetings are the Financial Audit Report, 
Actuarial Audit Report, Financial Statements and Wellness Report, the Investment Report, and 
election of new members and the election of officers.

Page 3 of 3 
 
Adjourn 
Board Member Knight motioned to adjourn the meeting which was seconded by Secretary 
Cummard. Motion passed unanimously (4-0). The meeting was adjourned at 4:29 pm. 
 
 
______________________________ 
 
 
 
______________________________ 
        , Secretary                                                  
 
Terry Bond, Chair