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

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

FREQUENTLY ASKED QUESTIONS

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.

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.

Please contact Crystal Laza, at crystal@leadingagetexas.org or 512.467.2242 x 102 to learn more & get involved.

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

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

Dedicated Health Plan Team Contact List