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LeadingAge Texas Employee Benefits Program

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.

LEARN MORE:

BUILDING A BETTER HEALTH PLAN PRESENTATION
LeadingAge Texas Interest Meeting | March 27, 2019

EMPLOYEE BENEFITS PROSPECTUS
A Collaborative Effort: Voluntary Employee Beneficiary Association (“VEBA”) FAQ

FREQUENTLY ASKED QUESTIONS
Updated May 2, 2019

SAMPLE SENSITIVITY ANALYSIS
Note: See above full Actuarial Report that was released in December 2017, just prior to LeadingAge Kansas launch.  Pages 5 & 6 outline the modeling that occurred for sensitivity testing stock claims (unfavorable/adverse) and how that impacted the Risk Based Capital calculation, which is at the bottom of page 6.  Pages 7-9 provide a “Best Estimate” scenario, and pages 10-12 provide an “Shock Claim” unfavorable/adverse scenario.

10 MEDICAL PLANS - SAMPLE

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Ready to be a CHARTER MEMBER?
Don't miss out on the opportunity to receive charter member benefits!

LEARN MORE:
Our next face-to-face meeting will be at the LeadingAge Texas Annual Conference:

Monday, May 20th:

Tuesday, May 21st:

  • HR Peer Group Networking Breakfast from 8:15 - 9:45 am (pre-registration required)
  • Association Sponsored Health Insurance Interest Meeting: Update & Next Steps
    • Location & Time: Concho from 10:00 - 11:30 am - RSVP HERE
  • LeadingAge Texas EXPO (Booth # 41) from 11:30 am - 1:30 pm - Visit with the Health Plan Team & Ask Questions

Questions from interested charter members can be directed to our team:

Crystal Laza, VP
LeadingAge Texas
crystal@leadingagetexas.org
512.467.2242 x 102

George Linial, President & CEO
LeadingAge Texas
george@leadingagetexas.org
512.467.2242 x 103

Sharon Earlenbaugh, CEO/Managing Member
INtegrity Benefit Solutions
email: searlenbaugh@integritywithbenefits.com
Mobile: 816.609.7854
Office: 816.216.1979

Dedicated Health Plan Team Contact List