Successful Employee Benefit Programs...Successful Employee Benefit Programs Key Ingredients to Help...
Transcript of Successful Employee Benefit Programs...Successful Employee Benefit Programs Key Ingredients to Help...
Successful Employee Benefit Programs
Key Ingredients to Help Municipalities Navigate the
Complex World of Healthcare
Agenda
• Overview of Member Pools and/or Programs
• Key ingredients for success health pools or programs
• How do you define future success?
VLCT Health Trust A Brief History
Health Pooled Program 1982-2011 • Pool Premium in 2010 was $26.6 million • Operating Budget $1.3 million
Carrier Choice 2012-2013 • Brokered Health Insurance Program • 2013 Operating Budget $1.1 million
Vermont Health Connect Exchange 2014 • 2014 Operating Budget $400 thousand (a 64% reduction)
Merger with UI Pool in 2015 • VLCT Employee Resource and Benefits Trust (VERB)
• Offering Benefits to Municipalities since 1980
Current EnrollmentsMedical (UHC/ASO) – 62 Groups - 4140 EE’s/7245 TotalDental (Delta) 60 Groups – 1346 EE’s/2671 TotalVision (UHC/Fully Ins) - 52 Groups – 981 EE’s/1869 TotalLife (Standard/TML) – 27 Groups – 428 EE’s/503 TotalCOBRA & Supplemental Benefits - American Fidelity
• Florida is a Very Competitive Marketplace• How Have We Been Successful?
Association of Washington Cities
Employee Benefit Trust
§Member service of AWC since 1970§275 participating entities
§ Cities and towns§ Special purpose districts
§16,000 employees & retirees§36,000 lives§Offering:
§ Medical – active & retirees§ Dental§ Vision§ Life and LTD§ Health promotion, inc. EAP
Key Ingredients
Marketplace
Competitive/ Value
Proposition
Governance
Legislative & Regulatory
Environment
Member Services & Resources
Partnerships &
Collaboration
Key Ingredients
Marketplace
Key Ingredients
Competitive/ Value
Proposition
Key Ingredients
Governance
Key Ingredients
Legislative &
Regulatory Environment
Key Ingredients
Member Services
& Resources
Key Ingredients
Partnerships &
Collaboration
Looking Ahead
Key Takeaways for Future Success
Questions?
Thank You!