Wednesday, March 27, 2024
Hawai'i Free Press

Current Articles | Archives

Tuesday, August 2, 2011
State: New EUTF Contracts To Save Millions
By News Release @ 8:43 PM :: 6560 Views :: Energy, Environment

 

NEW EUTF CONTRACTS TO SAVE EMPLOYEES, STATE MILLIONS
Pharmacy Program will Save $24 Million in First Year of Contract

News Release from www.Hawaii.gov/gov Aug 1, 2011

Honolulu – The Employer-Union Trust Fund (EUTF) has completed the periodic process of selecting providers of life, vision, dental, medical and pharmacy insurance—with significant savings for employers, active employees and retirees. Health benefit plan designs will remain the same. New contracts with these providers will be effective January 1, 2012.

The EUTF is the administrator of health and other benefit plans for state and county employees and retirees.

“Healthcare costs are soaring, and employers and employees are sharing the burden of paying more,” said George Kahoohanohano, EUTF Board Chairperson. “In reviewing the insurance plans and providers, the EUTF Board sought to contain costs and find some relief for active and retired employees, as well as their state and county employers.”

EUTF’s contract for preferred provider medical insurance (PPO) will be with Hawaii Medical Services Association (HMSA). The new contract will be a fully insured arrangement, which means that costs to EUTF are capped and HMSA pays all claims—even if costs exceed the cap. If costs are lower than anticipated, HMSA will refund any premium surplus to EUTF. Under the old self insured PPO contract with HMSA and Hawaii Medical Association, EUTF was responsible for paying all claims by members.

Other adjustments include:

  • A 10% reduction in dental rates with Hawaii Dental Service
  • Change in Life insurance carriers to Royal State National Insurance Co. with an increase in the amount of Life insurance provided
  • Change in the pharmacy benefit manager (PBM) for the prescription drug coverage. The new PBM will be CVS Caremark which also owns Longs Pharmacy. The pharmacy change alone is anticipated to generate savings—to be shared by employers, employees, and retirees—of approximately $24 million in the first year alone.

The vision insurance provider, Vision Service Plan, and vision insurance rates remain unchanged.

Details regarding the new PBM and providers of life, vision, dental, and medical insurance may be found here.

###

 

Links

TEXT "follow HawaiiFreePress" to 40404

Register to Vote

2aHawaii

808 Silent Majority

Aloha Pregnancy Care Center

AntiPlanner

Antonio Gramsci Reading List

A Place for Women in Waipio

Ballotpedia Hawaii

Broken Trust

Build More Hawaiian Homes Working Group

Christian Homeschoolers of Hawaii

Cliff Slater's Second Opinion

DVids Hawaii

FIRE

Fix Oahu!

Frontline: The Fixers

Genetic Literacy Project

Grassroot Institute

Habele.org

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii ConCon Info

Hawaii Debt Clock

Hawaii Defense Foundation

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federalist Society

Hawaii Federation of Republican Women

Hawaii History Blog

Hawaii Homeschool Association

Hawaii Jihadi Trial

Hawaii Legal News

Hawaii Legal Short-Term Rental Alliance

Hawaii Matters

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Shippers Council

Hawaii Smokers Alliance

Hawaii State Data Lab

Hawaii Together

HIEC.Coop

HiFiCo

Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Moms for Liberty

Honolulu Navy League

Honolulu Traffic

House Minority Blog

Imua TMT

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

Investigative Project on Terrorism

July 4 in Hawaii

Kakaako Cares

Keep Hawaii's Heroes

Land and Power in Hawaii

Legislative Committee Analysis Tool

Lessons in Firearm Education

Lingle Years

Managed Care Matters -- Hawaii

Malama Pregnancy Center of Maui

MentalIllnessPolicy.org

Military Home Educators' Network Oahu

Missile Defense Advocacy

MIS Veterans Hawaii

NAMI Hawaii

Natatorium.org

National Christian Foundation Hawaii

National Parents Org Hawaii

NFIB Hawaii News

No GMO Means No Aloha

Not Dead Yet, Hawaii

NRA-ILA Hawaii

Oahu Alternative Transport

Obookiah

OHA Lies

Opt Out Today

OurFutureHawaii.com

Patients Rights Council Hawaii

PEACE Hawaii

People vs Machine

Practical Policy Institute of Hawaii

Pritchett Cartoons

Pro-GMO Hawaii

P.U.E.O.

RailRipoff.com

Rental by Owner Awareness Assn

ReRoute the Rail

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

Robotics Organizing Committee

School Choice in Hawaii

SenatorFong.com

Sink the Jones Act

Statehood for Guam

Talking Tax

Tax Foundation of Hawaii

The Real Hanabusa

Time Out Honolulu

Trustee Akina KWO Columns

UCC Truths

US Tax Foundation Hawaii Info

VAREP Honolulu

Waagey.org

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii

Yes2TMT