“We are thrilled to offer our member banks access to more affordable and more stable health insurance rates,” says Florida Bankers Association President and CEO Alex Sanchez.
Coral Gables, Florida (PRWEB) November 14, 2012
MDW Insurance Group announces that it has been selected as a preferred partner by Florida Bankers Insurance Trust. The Trust was formed on behalf of the Florida Bankers Association to promote affordable Group Health Insurance to financial institutions in Florida.
BancServ, Inc. — a wholly owned subsidiary of the Florida Bankers Association — and its endorsed partner Select Source developed the Florida Bankers Association Health Care Pool in conjunction with Blue Cross Blue Shield of Florida to help reduce and stabilize the Health Insurance premiums for its members.
“We are thrilled to offer our member banks access to more affordable and more stable health insurance rates,” says Florida Bankers Association President and CEO Alex Sanchez. “The Florida Bankers Association Health Care Pool continues to be an incredible benefit for Florida member banks and we look forward to the MDW Insurance Group helping us grow the program.”
This preferred partnership will give MDW Insurance Group the ability to offer an affordable Health Insurance solution to Florida Bankers Association members through this Health Care Pool. The Pool has experienced no increase in rates over the last 24 months.
“We are delighted with our appointment with the Florida Bankers insurance trust as it will allow us to offer more competitive health insurance programs for our own bank clients as well as all the member banks of the Florida Bankers Association.” Commented Gran LeCompte, Managing Director of MDW Insurance Group’s Employee Benefit division.
Among the many advantages of this partnership are:
- Potentially lower premium charges
- More stability and predictability in costs increases
- Leverage for negotiations and economies of scale on fixed expenses
- Access to more resources than on an individual plan basis
- Less time spent on managing the health plan
About MDW Insurance Group:
With offices in Coral Gables and Plantation, Florida, MDW Insurance Group is a full service insurance agency providing insurance and risk management services to business, public entity, non-profit, individual, trade and professional association clients nationwide. For more information visit, http://www.mdwinsurance.com or on Facebook at, http://www.facebook.com/MDWins.
About Florida Bankers Association
The Florida Bankers Association (FBA), one of Florida’s oldest trade associations, was established in 1888 to advocate on behalf of Florida banks and promote the banking industry in this state. The Florida Bankers Association is unique in its focused approach to serving members through untiring advocacy at the state and federal level, useful products and services, and exceptional education programs.
The FBA is composed of more than 300 banks and financial institutions ranging in size from small community banks and thrifts, to medium sized banks operating in several parts of the state, to large regional financial institutions that are headquartered in Florida or outside the state. The association is governed by a 39-member board of directors and staffed by 20 full-time employees. The loyalty, enthusiasm, and commitment to Florida’s banking industry by FBA members enable the association to successfully fulfill its mission.