NSBA Health Insurance Consortium
Both small and large law firms face challenges in relation to the availability of health insurance options as well as the rising costs of these options. The Nebraska State Bar Association is working to offer a health insurance option for its members by establishing the NSBA Health Insurance Consortium. In simple terms, the Consortium will consist of multiple employers, with NSBA membership, working together to obtain affordable health insurance coverage on terms similar to those available only to large employers. The Consortium allows member employers to negotiate and to manage the coverage as a single entity. The Consortium’s plan will be a multiple employer welfare arrangement or a “MEWA,” several of which have existed in Nebraska for decades. Here are some of the advantages of participation in the Consortium:
- Affordable Coverage: By pooling together, employers are better positioned to obtain more affordable health insurance coverage due to economies of scale, managing savings, and spreading risk.
- Flexibility: The Consortium expects to offer a variety of ACA compliant health plan options. Each employer in the Consortium would have the option of selecting the type of health plan or plans that works best for its employees (high deductible plan vs. low deductible plan, etc.).
- A Stable Community: The NSBA’s goal is to create and to encourage a stable community of employers participating in the Consortium. When a group has a stable environment, annual rate fluctuations are less likely and less dramatic from year to year.
- Available to Family Members: Employers participating in the Consortium may offer family and dependent coverage to their employees.
- Member Governed: The Consortium will be governed by participating employers in the Consortium and Consortium leadership will be elected by those participating employers. Thus, the individuals making decisions about the Consortium’s plan have a vested interest in offering the best possible coverage options at the best possible price.
The Membership Survey
The NSBA recently completed a membership survey to gauge interest in participation in a Health Insurance Consortium. We are happy to report that we have the critical mass needed to proceed.
RFP for Broker Services
The NSBA issued an RFP for broker services for the Consortium. We are pleased to report than Aon has been selected as the broker for the Consortium. The role of the broker is to negotiate the specifics of a plan (i.e., coverage options, premiums and other terms) for the Consortium and to provide on-going broker services like providing education about coverage options, explaining your policy, providing claims assistance services, assisting with employee enrollment, and helping to resolve any benefits questions or issues. If your firm already has a broker, please note that our relationship with Aon will not be exclusive, meaning other brokers will be able to access the plan.
Thank you for your continued interest. We hope to have more information about plan options and premiums available to you later this summer. Please contact Liz Neeley at 402-475-7091 or via email at Lneeley@nebar.com if you have questions.