Date:

Tuesday, 04/22/2025

Start Time:

09:00 AM

Place:

EUTF, City Financial Tower, 201 Merchant Street, Suite 1700, Honolulu, HI 96813

Agenda

April 16, 2025

 

NOTICE OF MEETING OF THE BOARD OF TRUSTEES

HAWAII EMPLOYER-UNION HEALTH BENEFITS TRUST FUND

 

DATE:  April 22, 2025, Tuesday 

TIME:  9:00 a.m.

PLACE:  HAWAII EMPLOYER-UNION HEALTH BENEFITS TRUST FUND (EUTF)

CITY FINANCIAL TOWER

201 MERCHANT STREET, SUITE 1700

HONOLULU, HAWAII

 

A G E N D A

OPEN SESSION PARTICIPATION IN PERSON, VIA TELECONFERENCE AND VIA TELEPHONE

(see below for teleconference and telephone details)

 

I.  Call to Order

II.  Review of Minutes – March 24, 2025

III.  New Business

A.  Claims Audit Report – PSG Prescription Claims Audit of CVS/SilverScript for Active Employees July 1, 2021 – June 30, 2022 and Retirees January 1, 2021 – December 31, 2022

B.  New Chairperson (Employee Trustee), Vice Chairperson (Employee Trustee) and Secretary-Treasurer (Employer Trustee) Effective July 1, 2025

C.  Committee Assignments

IV.  Old Business

A.  Benefits Administration System

1.  Status Update

2.  Member Portal Demonstration

B.  2025 EUTF Related Legislation

V.  Committee Reports

A.  Investment Committee

1.  Diversifying Strategies Education

2.  Long Volatility Benchmark Change

B.  Benefits Committee

1.  CVS/SilverScript Semi-Annual Utilization Reports for the period ending December 31, 2024

2.  Proposed CVS Prescription Drug Plan Changes

3.  Segal Retiree Annual Prescription Drug Report for the period ending December 31, 2024

4.  Draft Strategic Plan 2025-2029

VI.  Reports

A.  Administrator

1.  Meetings with Legislators and Unions

2.  Staffing Update

3.  Training

B.  EUTF Managers’ and Program Specialists' Reports

1.  Member Services Branch (MSB)

a.  MSB Data

b.  Outreach & Training

c.  2025 Active Open Enrollment

d.  2025 Retiree Special Open Enrollment

2.  Information Systems (IS)

a.  EUTF Benefits Administration System (BAS) Project

b.  Equipment Replacement

c.  Enrollment Counts

3.  Eligibility and Enrollment Report

a.  Audits Currently in Progress

b.  Point in Time Reconciliation Audits

c.  Recurring Audits

4.  Health and Wellness Report

a.  Worksite Wellness

b.  Preventive Health

c.  Chronic Disease Management

5.  Financial Services Branch (FSB)

a.  FSB Performance Data

b.  Refunds and Medicare Part B Overpayments Status

c.  EUTF Collections

d.  Financial Statements as of January 31 and February 28, 2025

C.  Carrier Reports

1.  CVS Caremark

2.  SilverScript

3.  Hawaii Dental Service (HDS)

4.  Hawaii Medical Service Association (HMSA)

5.  Humana

6.  Kaiser Health Foundation

7.  Securian

8.  Verdegard Hawaii (formerly known as HMA)

9.  Vision Service Plan (VSP)

VII.  Executive Session

A.  Investment Committee Report

1.  Private Real Assets Manager Evaluation [Authorized under HRS 92-5(a)(8) and HRS 87A-31(g)]

2.  Private Credit Manager Evaluation [Authorized under HRS 92-5(a)(8) and HRS 87A-31(g)]

3.  Private Real Assets Manager Update [Authorized under HRS 92-5(a)(8) and HRS 87A-31(g)]

4.  Custodian Contract Recommendation [Authorized under HRS 92-5(a)(8)]

B.  RFP 23-001 Banking Services [Authorized under HRS 92-5(a)(8)(HRS 103D)]

C.  Deputy Attorney General Legal Opinions [Authorized under HRS 92-5(a)(4) and 92-5(a)(6)]

D.  Review of Minutes – March 24, 2025 [Authorized under HRS 92-5(a)(8) and 92-9(b)] 

VIII.  Next Meeting

Tuesday, May 27, 2025, 9:00 a.m. – EUTF related legislation and Benefits and Investment Committee Reports

IX.  Adjournment

If you need an auxiliary aid/service or other accommodation due to a disability, please contact Ms. Desiree Yamauchi at (808) 587-5434 or eutfadmin@hawaii.gov, as soon as possible, preferably at least 3 business days prior to the meeting.  Requests made as early as possible have a greater likelihood of being fulfilled.

Testimony may be submitted prior to the meeting via email to eutfadmin@hawaii.gov or via postal mail to: Hawaii Employer-Union Health Benefits Trust Fund, Attn:  Board Meeting-Testimony, 201 Merchant Street, Suite 1700, Honolulu, HI  96813.  Please include the word “testimony”, the agenda item number, and subject matter following the address line.  There is no deadline for submission of testimony, however, the EUTF requests that all written testimony be received no later than 9:00 a.m., one (1) business day prior to the meeting date in order to afford Board members adequate time to review materials.

To view the meeting and provide live oral testimony during the meeting, following are the Microsoft Teams Meeting details:

·       Join the meeting now  or copy and paste the following URL into your browser:  https://teams.microsoft.com/l/meetup-join/19%3ameeting_ZTA3M2UxMTktOGIzOC00NDRjLWE1ZDYtNmMzMDdiMzRhNzdj%40thread.v2/0?context=%7b%22Tid%22%3a%223847dec6-63b2-43f9-a6d0-58a40aaa1a10%22%2c%22Oid%22%3a%221ec28820-992a-428a-a6a0-44c156209163%22%7d

o   If prompted, enter:

§  Meeting ID:  295 673 839 369

§  Passcode:  BqemrY

o   For instructions to turn on live captions in Microsoft Teams, please click here.

·       Dial-in number:  +1 808-829-4853 United States, Honolulu (Toll)

o   Phone Conference ID:  751 555 396#

 

A listing of all documents included in the Board packet will be available at the EUTF website (eutf.hawaii.gov) through the Events Calendar two (2) business days prior to the meeting.

The Board packet can be accessed at the EUTF website (eutf.hawaii.gov) through the Events Calendar two (2) business days prior to the meeting.  A copy of the packet will also be available for public inspection in the EUTF office at that time.

Please contact Ms. Desiree Yamauchi at (808) 587‑5434 or eutfadmin@hawaii.gov if you have any questions. 

Upon request, an electronic copy of this notice can be provided.