Agency Model Allows WBA Subsidiary to Offer Carrier Options
Any well-designed compensation and benefits plan includes insurance options for employees as an incentive used to recruit and retain top talent. Just over two years ago, WBA Employee Benefits Corporation (EBC), a wholly owned WBA subsidiary, expanded the health insurance options available to WBA member banks, making it easier for you to design the perfect plan for the unique needs of your bank and your employees.
On June 14, 2016, the Benefits and Insurance Committee Board unanimously passed a motion to create an agency model for health insurance products. Since then, EBC has continued to offer WPS as a carrier option through the WBA insurance trust, but now other options are also available, including large national health carriers such as United HealthCare and Anthem Blue Cross Blue Shield, as well as regional HMOs like Dean Health and Security Health Plan. To date, EBC has contracts with 12 carriers and has placed business with eight different health insurance companies.
So, when it's time for you to review your employee benefit packages, keep WBA EBC in mind as your industry-specific source for a variety of options.
Of course, EBC will continue to focus efforts on their other non-medical products, including their Dental, Vision, Short-Term Disability, and Long-Term Disability programs. By pooling the WBA membership together with these product lines EBC is able to offer extremely competitive pricing and high-level benefits.
Insurance Carriers Available through EBC
- Anthem BlueCross BlueShield
- Arise Health Plan
- Aspirus Arise
- Dean Health Plan
- Group Health Cooperative
- Health Partners
- Prevea Health
- Security Health Plan
- Unity Health Insurance
- WPS Health Insurance