WBA Employee Benefits Corporation (EBC), is currently having discussions with key partners about establishing a statewide association health plan for WBA member banks. WBA EBC has been actively following the U.S. Department of Labor (DOL), rules regarding Association Health Plans (AHPs) since they were first considered last fall. WBA submitted a comment letter in February expressing general support for the proposed rules.
In June, the DOL issued the final AHP rule allowing employers, through their association to offer health coverage for their employees. WBA is now waiting for further guidance from the Wisconsin Office of the Commissioner of Insurance on how AHPs will be administered in Wisconsin. By joining together WBA members may be able to leverage health plans and the pricing related to such plans. WBA will update members as more information becomes available.