Rates are Staying the Same
Yes, you read that correctly. We recognize that budgets are being squeezed during this time of uncertainty, and we’re pleased to announce that our medical rates are NOT increasing for 2021. Those with a critical eye may pause to wonder if our claims are perhaps lower because participants have not sought necessary medical care. Our leadership team and actuarial experts have reviewed 5 years worth of claims in determining what our 2021 rate should be. Now, none of us know what the future holds, but we feel comfortable with this decision.
New Terms of Participation
Our Terms of Participation have been updated. We’ve heard your suggestions and are happen to share that your church can now choose to enroll all eligible staff in basic and voluntary life plans without purchasing medical coverage.
In 2020 we introduced two new voluntary benefits- Accident Insurance and Critical Illness Insurance through Reliance Standard. Participants have reported satisfaction with these new plans. You can elect either of these plans during 2021 open enrollment.
Check out the videos section of our website for a brief overview of how these plans work.