Faculty Members: Cormac O’Sullivan, Daniel Katz, Julie Urmie, Anand Vijh, Anya Prince, Richard Peters, Mary Charlton 

Staff Members: Chuck Wieland, Josey Bathke, John Laverty, Angela Speers, Matthew Watson, Michael Weaver, George Hospodarsky

The Committee shall be governed by the terms of the General Charter. In addition, the Committee shall

1. suggest and review faculty and staff retirement programs, insurance programs, medical and health programs, and "fringe benefits" for University employees;
2. represent the faculty and staff in discussion and negotiation with vendors of insurance as these are carried forward by responsible officers of the administration.

1. Recommended premium rate structure for CY2026 for self-funded health and dental plans. Rate setting for health plans included both UI Choice and UI Select, and Dental plan
2. University Benefits provided a series of regular updates regarding the overall health plan metrics associated with monitoring cost and performance of the health plans, and access to Level One providers
3. Updates by John Laverty from the institutional Retirement Fund Investment Review Committee that provides fiduciary oversight for the retirement plans investment structures. Highlights included the outcomes from the successful plan modernization implementation in September 2025. 
4. Presentations from UI Health Care by UIHC Specialty Pharmacy as the sole provider of specialty pharmaceuticals for the UI Choice and UI Select health plans; by UIHC leadership regarding the first year of the new North Liberty facility and services at the Downtown campus; by the Emergency Department leadership regarding the three ED's (Main Campus, Downtown Campus, North Liberty Campus).
5. The FRIC committee was regularly updated on the GLP1 Pilot program that was approved in May 2024. Results from the first year were very positive with significant weight loss for pilot participants along with high levels of patient satisfaction.  Given the complexity of the GLP1 marketplace and subsequent plan design options, the Committee approved extending the pilot for a third year.  A plan design framework was discussed during the March – May FRIC meetings establishing the groundwork for future plan design discussion in AY26-27.

6. Voluntary Benefits (Short Term Disability) - Updated committee on successful implementation of voluntary benefit – STD, effective April 1, 2026. Approximately 1000 employees enrolled in coverage.

7. Review of the Committee’s Charter as requested by the President’s Office.

8. Secure Act 2.0 – Committee was updated on the required retirement plan changes (50+ catch-up rules) effective January 1, 2026.

The FRIC Committee approved the following recommended design plan changes

1. Dental Plan – Decrease Periodontic Maintenance Therapy from 100% to 90%/80% which is the same as other Periodontic services.

    

2. Health Plan – Increase Health Plan RX OPM as follows:

   1. UIChoice single, $300 increase (to $2,150) and family $600 increase (to $4,300).
   2. UISelect single, $450 increase (to $2,900) and family $900 increase (to $5,800).

• Premium Rate Setting for medical and dental plans for CY2027
• Access and Capacity at UI Health Care and other Level One network providers
• GLP1 Pilot Program and future GLP1 coverage plan design
• Plan design review
• Any new regulations or legislation impacting benefit programs
• Updates on planned implementation of new voluntary benefits.