Conference Board of Pensions and Health Benefits

Conference Board of Pensions and Health Benefits

Rev. Cary James, Jr. - Chair

2019 PreCon

Topics

1. Active Health Benefits 2. Retiree Health & Pension Benefits 3. Arrearages 4. Recommendations

1. Active Health Benefits

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2019 Participant Plan Choices

HealthFlex Exchange

Ratings Costing Sharing

PPO

CDHP w/HRA

HDHP w/HSA TOTAL

GOLD 20/80

137 231

(Default)

27 440 (90%)

SILVER 30/70

NA

19

8 27 (6%)

BRONZE 40/60 NA

NA

18 18 (4%)

Annual Election is in early November

56

No Rate Changes in 2020

Second Straight Year

Health Flex Rates

Local Church

Single Participant Single + 1 Participant

Family

2019 $860/mo $90/mo* $345/mo* $487/mo*

2020 $860/mo $90/mo* $345/mo* $487/mo*

2020 Rate Change

No Change

No Change

No Change

No Change

* Participant Rates are for the BWC Default Plan (C2000 GOLD with Dental)

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HRA and HSA Accounts

? 69% of participants now select plans that have either a Health Reimbursement Account or a Health Savings Account

? Participants give the Wage Works card to doctors, pharmacies and other vendors for eligible medical expenses

? Go to to obtain a list of eligible medical expenses.

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2. Retiree Benefits

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Retiree Benefit Programs

? Retiree Medical is provided by Via Benefits

- 30-year service benefit = $3,279/year per person

3% Increase

? Pre-82 Pension Plan

- 2020 Past Service Rate = $749

4% Increase

? Funding Status

Retiree Medical Pension Plans

Pre-1982 Ministerial Pension Plan (MPP) Clergy Retirement Security Program (CRSP)

Funding Ratio 128%

138% 108% 109%

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