While the phrase is often used by many, it was Greek philosopher Heraclitus that first stated, “The only constant is change.” We are well aware that 2020 has brought enormous change, unprecedented challenges, and new obstacles for us all. But in light of those difficulties, it has also brought unique opportunities and the space to find bold and exciting ways to serve our Alliance family. I’m excited to announce one of those new enhancements today.
But first, I wanted to share with you some great news about the 2021 insurance premiums. For the past several years, we have been able to keep premium increases in the low single-digit percentages while also offering discounts in the form of “loyalty rewards” to our member organizations that renew their insurance through Alliance Benefits. Additionally, we were blessed enough to be in a position to offer 50% premium relief during April 2020 to help alleviate the impact of the COVID-19 pandemic. While the full impact of COVID-19 on our health systems and the utilization of services in 2021 are still yet to be seen, we are excited to let you know that we will be holding premium rates steady for 2021 with NO INCREASE. We fully recognize the financial challenges our churches and supporting organizations face during these uncertain times. We are thankful that our financial results for the plan over these past several years have allowed us to make this significant decision. The rates are listed below, or you can visit the pricing tool here to plug in your organization’s specific numbers.
*Any employer who still enrolls in 2020 will be eligible for the discounted 2020 loyalty rewards listed above.
PREMIUM HIGH-DEDUCTIBLE HEALTH PLAN
STANDARD HIGH-DEDUCTIBLE HEALTH PLAN (HDHP)
As I referenced earlier, I also want to tell you about a new facet of the health plan that we are thrilled to bring to our membership. I think it will make an incredible difference in the lives of our people. For years, the Alliance Health Plan had a significantly simplified approach to wellness and incentivized preventive healthcare. As you may be aware, we give a small gift card to a member (and spouse, when married) for an annual trip to the doctor for a preventive exam. While this is an excellent first step, it fails to consider each member’s specific health needs, personal situation, risk factors, etc. While we will be releasing more detailed information in the coming months, I can let you know that all of that is about to change with this new program. The Alliance Health Plan wellness program, launching in 2021, will provide our members with a plan tailored to their circumstances. It will also offer opportunities to earn additional dollars into their Health Savings Account. Through this program, a member can earn an additional $250 per year on individual coverage or $500 per year on coverage with dependents for completing the annual wellness plan designed for them.
I’m quite sure many of you will have questions as we roll out this new program and begin our journey toward 2021 Open Enrollment. To that end, we will be announcing a series of interactive online video chats that the Alliance Benefits team and I will be hosting over the next couple of months. These meetings are designed to help answer your questions about the health plan, the new wellness program, Alliance Benefits services, and any other topics that our trusted members would like to know more about. We can’t wait for you to join us on this exciting journey into 2021.
God bless you all and thank you for your trust in Alliance Benefits to help serve your families’ needs.
Grace and peace,
Executive Director for Alliance Benefits
Curtis joined the Alliance Benefits team in September of 2017. Serving in the role of Executive Director, he is responsible for the overall administration and direction of all aspects of Alliance Benefits, including the health and retirement plans for Alliance workers in the United States and internationally.