CITY OF KERRVILLE, TEXAS, EMPLOYEE BENEFIT TRUST MEETING  MINUTES  JULY 23, 2024  CALL TO ORDER: On July 23, 2024, the City of Kerrville Employee Benefit Trust meeting was called to order by Chair Joe Herring, Jr. at 4:01 p.m. in City Hall Council  Chambers, 701 Main Street, Kerrville, Texas. COUNCILTRUST MEMBERS PRESENT: Joe Herring, Jr., Mayor/Chair Brenda Hughes, Mayor Pro Tem/Vice-Chair Delayne Sigerman, Counelmemberrustee Jeff Harris, Counelmemberrustee Kent McKinney, Counelmemberrusiee CITY EXECUTIVE STAFF PRESENT: Dalton Rice, City Manager Kim Meismer, Asst City Manager Shelley McElhannon, City Secretary  COUNCILTRUST MEMBERS ABSENT:  None  Michael Hornes, Asst City Manager Mike Hayes, City Attorney  VISITORS PRESENT: Natalie Haskett, Gallagher Consulting  1. PUBLIC COMMENTS: None  2. DISCUSSION, CONSIDERATION, AND POSSIBLE ACTION:  1.A. Consideration and approval oft the Fiscal Year 2025 employee benefit plans, rates, Kim Meismer provided information and responded to questions, and noted that within Chapter 222.002 of the Texas Insurance Code, there is an annual tax in the amount of 1.75% imposed on insurers for gross premiums received from policyholders. Gross premiums paid by a municipality, county, or hospital district are exempt from the tax being collected by their insurer if the municipality, county, or hospital district establishes either a single entity benefit trust or establishes or participates in a Chapter 172 risk pool. In July 2008, City Council approved a resolution to create the Employee Benefit Trust (EBT). Since the inception oft the EBT, the City has saved over $784,000 utilizing Ms. Meismer noted that Blue Cross Blue Shield (BCBS) offered a final bid of 3.7% increase over FY2024, noting a higher annual deductible per person of $4,500, but deductibles are removed for prescriptions. BCBS has a high satisfaction rate among the City's plan members, and BCBS is well received by the area medical community. If approved, this will be the City's 12th year with BCBS. Vision, life/AD&D, vol life/AD&D, and short term disability remain the same. MetLife for Dental offered a flat rate, no Staff recommends Council, acting as Trustees of the EBT, approve the FY2025 employee benefit plans, rates, and funding as presented and authorize the City Manager  and funding.  this strategy.  change rate.    to execute the contracts with the providers.  Trustee Brenda Hughes made a motion that Council (acting as the Trustees of the Employee Benefit Trust) approve the FY2025 employee benefit plans as presented and authorize the City Manager to execute the contracts with the providers, seconded by ADJOURN. The City of Kerrville Employee Benefit Trust meeting adjourned at 4:17 p.m. APPROVED BY CITY COUNCIL AS KERRVILLE EMPLOYEE BENEFIT TRUST  Trustee Kent McKinney. The motion passed 5-0.  BOARD: 81 lOlH APPROVED: Joe Herring, Jr., T  ATTEST:  uhar  Shelley McEhannon,City Secretary