Benefits & Insurance Committee - August 20, 2026

The RCTV Benefits & Insurance Committee convened on August 20, 2026, to review and approve financial reports, OSHA incident data, and wellness program updates. A significant portion of the meeting focused on the 2027 Medicare Advantage plan renewal, where the committee recommended accepting a renewal from Humana that unbundles medical and pharmacy components, resulting in an estimated savings of approximately $95,900 for the upcoming year. The committee discussed the implications of this unbundling on retirees, emphasizing that member experience would remain unchanged despite the behind-the-scenes funding adjustments. Additionally, the committee approved increasing the dental plan maximum for option two from $1,500 to $1,750 to enhance coverage options for employees, with the cost borne entirely by employees. An update was also provided on the shelving of a proposed fully insured COBRA administration option due to minimum participation requirements and rate concerns. The meeting concluded with acknowledgments of retiring committee members and adjournment.