Over the past several years in discussions with members, the issue of the rising cost of employee health insurance has repeatedly come up. LeadingAge Texas members have frequently conveyed the struggles they encounter to deliver meaningful, reasonably priced health benefits to their employees.
The board and staff have been exploring options for helping members with this issue. Fortunately, another LeadingAge state association (Kansas) has developed an affordable program that has saved their participating members about 20-30% on their health care premiums.
We are in the initial stages of evaluating whether a similar program could work with LeadingAge Texas members. LeadingAge Kansas developed a single, self-funded health plan under a vehicle called a “VEBA” – a Voluntary Employee Beneficiary Association. Using the LeadingAge Kansas framework will allow us to offer an Employee Benefits platform with multiple plans for LeadingAge Texas Members under a collective, managed group. The program will provide us with the opportunity to offer health insurance that lowers cost and better fits the needs of LeadingAge Texas Members through unique plan designs, leveraged size and managed health care spend. While our initial focus is a health plan, other employee benefit lines of coverage are available that include group dental, vision, life and AD&D, Disability and other work site benefits.
Providing this information does not obligate you to participate at this point. It does allow us to see if there is enough interest to pursue this further. If there is enough interest, we will likely convene a work group of interested members to get the program development process started.
If this should be directed to another staff member please let me know who or if you’d like to be removed from further communications in regards to the exploration of an association sponsored health plan please let me know this as well.
If you have any questions, feel free to contact me.
President & CEO LeadingAge Texas (512) 467-2242