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HomeMy WebLinkAbout04.b. Receive update on processing of Medicare reimbursements Page 1 of 1 Item 4.b. CENTRAL SAN September 24, 2019 TO: FINANCE COMMITTEE FROM: TEJI O'MALLEY HUMAN RESOURCES MANAGER REVIEWED BY: ANN SASAKI, DEPUTY GENERAL MANAGER ROGER S. BAILEY, GENERAL MANAGER SUBJECT: RECEIVE UPDATE ON PROCESSING OF MEDICARE REIMBURSEMENTS Pursuant to Central San's Memoranda of Understanding (MOUs), some retirees receive a reimbursement of their Medicare premiums. Currently, a retiree submits proof of payment to the District and, once a quarter, Accounts Payable processes the reimbursement and issues it directly to the retiree. As this is a very manual and time consuming process, members of the Finance Committee asked staff if there was a more efficient way to handle this process. Human Resources currently has a contract with P&A Group (P&A)to administer the Section 125 Cafeteria Plan (Health Spending Account, Dependent Care, and Commuter Benefit Program) reimbursements. As P&A is familiar with District processes and has the capability to provide this service, staff asked for P&A to provide a quote for the service. P&A would be able to provide this service for approximately$3,000 a year which would reflect a significant cost savings related to the staff time currently spent processing these reimbursements. The estimate for staff time is $11,300. Additionally, P&A can provide services that the District cannot currently provide, such as direct deposit of reimbursements, online submission, claims tracking, and an average three-day turnaround time which would provide better customer service to our retirees. Central San has contracted with P&A to process this service beginning in January 2020. Staff will be at the meeting to answer any questions or provide additional information. Strategic Plan Tie-In GOAL THREE: Be a Fiscally Sound and Effective Water Sector Utility Strategy 2- Manage costs September 24, 2019 Regular FINANCE Committee Meeting Agenda Packet- Page 101 of 128