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What do you get for your VEBA membership? With VEBA, your
district or association is able to offer a more valuable
benefits program to your employees, which go far beyond the
typical “off-the-shelf” offerings you can get on your own.
VEBA’s advantages are achieved through the collaboration of our
participating school districts and associations.
Over the last five years, the value of collective benefits
purchasing through the VEBA versus districts and associations
independently buying benefits approaches $50 million.
Districts that are part
of VEBA enjoy
- Long-term, strategic plan management based on
industry-leading data
- Customized provider networks (in special
circumstances)
- Consistent offerings across districts and
portable member enrollment records between VEBA
districts
- Benefits cost management tailored for schools
- More robust formulary than most managed care
plans
- More comprehensive mental health/substance
abuse benefits
- Innovative health improvement initiatives and
resources (Weight Loss Challenge, Best Doctors)
When districts “go it
alone”, they experience a number of disadvantages,
including:
- No real influence on provider quality
- Smaller risk pool resulting in greater cost
fluctuations from year-to-yearn Higher costs due to
higher expense loads and margins built into the
rates
- Harder to customize plans to member needs
- Limited ability to influence mega-insurers
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