SAN FRANCISCO — After 15 months of groundwork and NCUA's approval, Credit Union Health Benefits of America, a new health plan nonprofit mutual benefit corporation, will make its debut in early 2009.
Formed by two CUs belonging to Credit Union Self-Insured Group of California, a workers' compensation coverage provider, CUHB will offer a variety of cost effective, health-related plans in alliance with AssureCare, a Minneapolis-based national health benefits company, the group said.
Participants will be able to choose PPO and HMO plans that mirror plans they currently provide to employees. Those currently providing Kaiser's HMO to employees will be able to continue to do so, according to CUSIG. Health reimbursement arrangement and health saving account qualifying plans, dental plans, vision plans, and a prescription drug plan administered through ExpressSripts will also be available.
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CUHB has aligned with many of the same partners used to build CUSIG's workers' compensation company, the group said. These same partners are now forming Captive Insurance Company to provide stop-loss insurance coverage.
CUHB will launch in the first quarter of 2009 with a small number of CUs and is expected to go national in 2010. Interested CUs can contact Tom Swedberg, vice president, strategic planning at WesCorp [email protected] (909-720-5904) for more information.
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