Madison, WI (PRWEB) February 20, 2012
The WEA Trust has become the fourth largest health plan in terms of enrollment among state and local employees covered by the Wisconsin Group Health Insurance Program (State Health Plan), according to results recently released by the Wisconsin Department of Employee Trust Fund (ETF).
In just its second year as an option in the State Health Plan, the WEA Trust picked up over 6,400 new subscribers—more than any other health plan. Each October, State Health Plan subscribers are allowed to switch from available health plans for coverage starting the following January. ETF reports (http://etf.wi.gov/boards/agenda-items-2012/gib20120207/Item-4B.pdf) on the results from the “It’s Your Choice” enrollment period each February.
“The state plan results demonstrate what happens when Wisconsin families have a true apples to apples comparison of health plans,” said Mark Moody, WEA Trust President and CEO. “Our reputation for competitive pricing, quality products, and superior service make the difference. Our members know they can count on the Trust when they truly need us, and that has helped others come to the same conclusion.”
For the 2012 benefit year, the Trust was designated by the Wisconsin Group Insurance Board (GIB) as a Tier 1 option—the lowest-cost tier—in 49 counties, demonstrating the Trust’s price competitiveness in Wisconsin’s health insurance market. In order to be placed in Tier 1, the Trust must be competitive in pricing for the Uniform Benefits offered in the State Health Plan.
- In 2010, GIB designated the WEA Trust as a Tier 1 offering in 24 counties in the State Health Plan, effective January 1, 2011.
- In 2011, the WEA Trust was designated a Tier 1 offering in 49 counties for 2012, more than double its first-year reach in the State Health Plan. The Trust now covers more counties in the State Health Plan than any other insurer.
- Based on enrollment, the WEA Trust is the fourth largest insurer in the State Health Plan and the largest health plan outside of Dane County.
“Today, nearly 23,000 local and state employees and their families are insured by the WEA Trust through the State Health Plan,” Moody said. “We look forward to providing our nationally-recognized customer service to these families, like we have done for public school employees for over 40 years.”
The WEA Trust is a not-for-profit, independent company offering group health insurance and other insurance products from its headquarters in Madison, Wis.
For more information, visit weatrust.com.
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