| Lives = 2,485 |
| Member Banks = 18 |
|
• Atlantic Central Bankers Bank • Citizens & Northern Bank • Community State Bank • Farmers and Merchants Trust Company • Fidelity Deposit and Discount Bank • First Columbia Bank & Trust Co. • First Keystone National Bank • First National Bank of Fredericksburg • Jersey Shore State Bank • Kishacoquillas Valley National Bank • Luzerne Bank • Midd Penn Bank • NexTier Bank • Orrstown Bank • Peoples National Bank • The Dime Bank • Union National Community Bank • Univest National Bank and Trust Co. |
Bank Health Care Consortium of PA
We are pleased to offer you an alternative health care option
PBA Services Corporation (PBASC) and its Board of Directors have launched an exciting new health care funding program. Working with L.R. Webber Associates, Inc. and Benecon Group, Inc., PBASC offers a unique funding arrangement for banks across the state. This Health Care Consortium model provides financial institutions the ability to more closely control their benefit costs, while providing flexibility, support and service to the bank and its employees. The consortium model is being used by more than 150 organizations and has operated since 1991.
What is a consortium?
A consortium is joining together for the advantages of economies of scale and cost efficiencies. Each member organization can choose the benefit plan design and employee contribution structure that best suits its needs while paying its own rate. The rates are based on the financial institution’s demographics and historical claims experience.
How will the consortium assist my organization?
• The consortium model is a vehicle to stabilize costs and cash flow for employee health benefits.
• It provides benefits design flexibility, enabling even small institutions to offer employees a customized benefit program.
• If health benefits claims cost less than the coverage funded, the institution may receive a credit for the surplus toward the funding of future health care costs.
• The consortium model offers financial institutions protection from excessive costs in a year in which employees experience high/shock medical claims.
• The consortium has aligned with claim administrators and provider networks through out the state.
• Participating financial institutions benefit directly with the implementation of health care cost control initiatives, such as wellness programs or disease management programs.
Additional benefits options through PBASC & L.R. Webber Associates, Inc
We provide products and services that take the guesswork out of understanding and using your benefits:
• Multiple health care options including Health, Drug, Vision and Dental care plans
• Life Insurance
• Disability and Care benefits, including Accidental Death and Dismemberment, Short and Long Term Disability, and Long Term Care
• Enhanced benefits technology services
Learn more about the program
If your institution is interested learning more about the consortium, contact
Kimberly Ramberger - PBASC
(717) 255-6928 • kRamberger@paBanker.com
or
Booker Moore - L.R. Webber Associates, Inc.
(814) 695-8066 x233 • bMoore@lrWebber.com
Why choose PBASC?
PBASC is the for-profit subsidiary of the Pennsylvania Bankers Association (PBA) and is dedicated to providing innovative products and services to the PBA membership. These products and services are designed to: reduce member operating expenses, expand member resources, increase member non-interest income, provide economies of scale, and serve employees and customers.
Why L.R. Webber Associates, Inc.?
L.R. Webber Associates, Inc. is an employee benefits and retirement plan administration firm that specializes in the financial services industry. L.R. Webber Associates will be handling the marketing, plan design and development, employee education, and customer service related to the institutions and their employees participating in the consortium program.
Why The Benecon Group, Inc.?
The Benecon Group, Inc. specializes in developing and managing group purchasing consortiums for both private and public sector employers. Benecon currently manages consortiums consisting of 152 employer groups. Applying more than 17 years of consortium experience, they will assume responsibility for all trust management, reporting, underwriting, funding development, actuarial support, marketing assistance, and overall program evaluation.
| Providing Savings, Service and Quality |