Hospitals/Large Healthcare
Ideal for:
Benefits & Insurance Solutions
Employee Benefits, Retirement Services, Property & Casualty Products
Designing employee benefits for the healthcare industry is uniquely challenging, especially with rising costs and ever-evolving regulatory requirements. To attract and retain highly skilled individuals, healthcare organizations must offer competitive employee benefits packages — and utilizing insurance providers with extensive experience with hospitals and healthcare workers can help you do just that.
WHA partners with HBA Trust (HBA) to bring members a solution that can assist with better plan designs, lower costs, and rate stability. HBA was developed in the early 1990s in response to discussions on healthcare reform in America. Through HBA, several hospital systems capitalized on group purchasing of health and welfare benefits, giving them greater negotiation power within the industry. The strength and scale of HBA creates opportunities for your organization to balance risk, control expenses, and increase purchasing power.
HBA can negotiate financial arrangements, and multi-year rate guarantees that save clients on average 25%. HBA combines the design and underwriting flexibility of a stand-alone company with the clout and
stability of a one-million-employee organization.
“I reached out to John Hohman and his team at HBA Trust Administrators, LLC last year. They helped us transition from the CEBT trust to a level-funded plan that lowered our premiums without sacrificing coverage, and they worked with us to direct contract with a local dentist, something our employees really value. The process was smooth, the guidance was clear, and the results have been both cost-effective and employee friendly. We’re very happy with the decision and the partnership.”
Kyle Wren
CEO, Rangely District Hospital
Group Life Insurance
Short and Long Term Disability
Dental Insurance
Rx Program- Carve out with CCA Rx
Prescription Drug Coverage
Medical Stop-Loss
Vision Care
Executive Benefits
Enrollment Communication
Voluntary Products
Absence Management Services
What These Products Mean for You
- Higher tolerable loss ratio underwriting, equating to lower plan costs.
- Proprietary pricing.
- Unique relationships with best-in-class carriers.
- Extended rate guarantees well above what a separate entity could receive on its own.
- Reduced administrative fees.
WHA’s Community Care Alliance’s Pharmacy Benefit Plan, CCA Rx, can help you navigate the confusing process and take care of it for you!
What if you could save money for not only your organization, but also your employees? To date, the CCA Rx has achieved close to 50% savings for members compared to previous PBM relationships. Additionally, the CCA Rx consistently provides a significantly higher rebate per script, while member (employee) costs per script are down.
CCA Rx is a proud partner of Mark Cuban’s Cost Plus Drug Company.
If you are a self-funded employer, you are eligible to participate in CCA Rx.
- Complete control and flexibility with formulary development and management. You also control who fills your scripts and your physicians develop prescribing patterns appropriate for your area.
- Ability to customize your formulary to meet employee needs. This includes options for specialty and other high-cost drugs.
- Complete transparency with your prescription plan and where the money is going. This includes what you are paying for the drug, fill/admin fees, and 100% of downstream rebates are returned to the individual employer plan, which are not shared between a PBM and broker.
- Access to 340B pricing for members when appropriate.
- Easy to implement and manage as the program aligns with your insurance plan renewal, with zero disruption. The CCA works with FairScript to manage the program and report back to you.
- Added employee benefits per individual organization’s discretion. Example: waived deductible and co-pays, travel reimbursements, etc. for employees who utilize participating pharmacies.
HBA’s client-centric approach supports long-term relationships focused on empowering you to overcome their most significant risk management challenges.
Their experts across industries, products, and programs work closely with you to understand your specific risk exposures, develop customized insurance solutions, and provide proactive insight and support to enhance outcomes.
Helping you understand and mitigate risk!
When it comes to setting up and managing retirement plans, doing “OK” isn’t doing nearly enough.
Team Focus to Drive Retirement Plan Success
Your plan must conform to multiple regulations. You need to pay reasonable fees and offer competitive funds, while checking off every fiduciary responsibility box.
On top of that, employees need support on how to engage your retirement and benefits offerings you provide.
Services Offered Include:
Investment Analysis
Fee Benchmarking & Negotiations
Fiduciary Compliance
Plan Design
Participant Education & Financial Wellness
Target Date Fund Consulting
At HBA, their history is one of superior performance and unparalleled commitment to their clients. Their team has deep experience within the healthcare market to not only improve your benefit package but also to simplify the administration of your plan. They value the trust clients place in them and the long-term relationships they have built.
About HBA
In 1993, HBA was formed in response to the first wave of healthcare reform conversations on Capitol Hill. A CEO forum consisting of leaders from many of the largest hospital systems in the United States believed they could gain greater negotiating power and rate stability by collaborating on health and welfare benefits.
HBA has since expanded to include not only hospitals and hospital systems but also physician groups, colleges with medical schools or health sciences programs, and healthcare-related companies. HBA now covers over 960 entities representing nearly one million covered lives.
They have specialized solely in the healthcare business since 1993, and six of the leading insurance carriers guarantee participating hospitals the strongest savings and benefit programs.
This combined power makes HBA a great fit for WHA members and can help ease the burden rural providers deal with on a daily basis.
Contact
Mike Cole
SVP, National Practice Leader
HBA Trust Administrators, LLC
303.296.3123
mcole@hbatrust.com
www.hbatrust.com
John Hohman
Managing Director
HBA Trust Administrators, LLC
925.297.6155
jhohman@hbatrust.com
www.hbatrust.com
