The Wisconsin Bankers Association was one of the first organizations in the state to launch an association health plan under a new rule from President Donald Trump’s administration. The plan began offering coverage at the start of the year.
Some were concerned the new federal rule could lead to skimpier plans. While the rule bars association health plans from excluding people with pre-existing conditions, it gives them leeway on complying with other protections required by the Affordable Care Act.
Yet an analysis released last month found that association health plans formed under the rule appear to be offering benefits comparable to other employer plans.
That’s true of the Wisconsin Bankers Association’s plan, according to Daryll Lund, president of the WBA Employee Benefits Corporation.
Some of their members have been able to achieve “substantial savings” through the plan by being part of a larger purchasing pool, Lund said.
Read more in Wisconsin Health News.