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Funded Retirement and Insurance Committee Minutes November 04, 2011, 11:30 am 302 USB Funded Retirement and Insurance Committee (FRIC) Meeting
Meeting was called to order at 11:30 am in 302 USB.
Members in attendance: Steve Berholdtz, Nancy Davin, Katherine Dudley, Matthew Glasson, Daniel Katz, Sheldon Kurtz, Heather Schnoebelen, Bernard Sorofman, Katherine Tachau, Anand Vijh, Lynn Vining, Michael Wichman
Members absent: Jon Garfinkel, Victoria Sharp
Administrative Officers present: Sue Buckley, Richard Saunders
Guests present: Rick Borchard, Rami Boutros, William Buss, Amber Goedken, Debra Hughes, Susan Klatt, Christine Miller, Gerald Rose, Joni Troester, Dianne Wasson
Committee members, administration representatives and guests introduced themselves.
Minutes from the October 7, 2011 meeting were approved with no corrections.
Dr. Boutros introduced himself to the committee and gave a presentation on the UIHC Iowa River Landing project currently under construction. At this time they expect to start occupying the building beginning in July 2012 with the facility opening to patients beginning in October 2012. The facility will have many clinics and services available to patients including but not limited to General Internal Medicine, Cardiology, Dermatology, OB/Gyn, Radiology, a full lab will be onsite as will other diagnostic testing. The facility will have parking facilities and bus service from main campus. Many clinics will have physicians who will practice at both the main hospital and the River Landing location to provide options for the patients. The goal is to maintain better access to patient care based on the needs of the patient. Many questions were asked by the committee members with some concerns raised about access and convenience of the facility and scheduling appointments for UI employees.
Richard Saunders reported that John Hancock will be leaving the long term care insurance business and will stop selling new business as of January 1st, 2012. The company will honor current plans already in place. There will be a request for proposal going out jointly with the Board of Regents to start looking at other long term care companies.
The committee discussed vitamin coverage and heard a presentation from Amber Goedken from the Benefits Office about the cost effectiveness of using calcium/vitamin D for hip fractures. The presentation prompted discussion about whether it is cost effective to include vitamins in UI health plans. There are still many issues to consider and more discussion of this topic will continue at future meetings.
The meeting was adjourned at 1:00 pm
Recorder: Heather Schnoebelen