Business Member Benefits

Helping Small Business Accounts Secure Competitive Health Plans

The Challenge

Park City Credit Union was hearing a need from their local business members to find affordable health plans that attract and retain quality employees. As medical insurance costs continue to soar, it’s imperative for credit unions to help their community members with competitive options and valuable resources. A business member with 10 employees contacted the credit union asking for assistance to provide more affordable health plan options. Their insurance network was limited, their costs were increasing, and their plan designs were costing the employees higher out-of-pocket expenses every year.

The Action

Park City Credit Union partnered with InterLutions, the nation’s largest employee benefits CUSO, to help the business member secure a more viable health plan with lower costs. InterLutions health plan solution, called I-Care, evaluated three different insurance carriers with several plan design options and recommended a carrier that fit the exact needs of the business and its employees.

The Result

The employer was able to save over 20% in their insurance costs while the employees enjoyed enhanced plan designs, lower copays, and extended network coverage.

Engage your business accounts by delivering a much-needed solution.

Competitive pricing and unlimited major medical coverage
Multiple options available for independent contractors, self-employed, and small businesses
Nationwide network of doctors, facilities, and pharmacies for complete coverage
Flexible plan designs to match the right fit for the employees and business owners

Resources. Leverage the expertise of I-Care’s team of employee benefit experts specializing in collaborative plan designs that drive down costs while enhancing benefits.
Automation. Evaluate, review, and select plans in the most efficient manner, allowing employees and business owners to improve and simplify their selection of options.
Collaboration. Our team puts together health and ancillary insurance plans that leverage the collaborative nature of our industry to bring employees better options with lower costs.
Control. Take back control of your healthcare costs by partnering with industry leaders in health care.

Client Feedback

UP Federal Credit Union

“They worked hard to find us affordable premiums and good coverage.”

Karyn Davis
President/CEO

Co-op Credit Union

“The partnership with their team is exceptional.”

Michele Steien
Chief Talent Officer

Fox Communities Credit Union

"Flexibility of plan design made I-Care the best option for us.”

Terri Green
VP HR

Marshfield Medical Center Credit Union

“We saw a decrease in premiums and the benefits improved tremendously.”

David Murphy
President/CEO

N.E.W. Credit Union

“The I-Care team has been great to work with.”

Lisa Gilligan
President/CEO

Oakdale Credit Union

“We love how easy I-Care was to setup and track our employees’ insurance options.”

Colleen Woggon

Iron County Community Credit Union

“Working with InterLutions was one of the best decisions I made!”

Mark Marczak
President/CEO

Vizo Financial

“It’s a whole different level of support.”

Janice Appleby
CHRO

Resources

Wellness: Your Secret to Savings

According to the Centers for Disease Control and Prevention (CDC), chronic diseases account for 90% of healthcare costs, morbidity, and mortality. Today, more than ever, we need new tools to identify and address the underlying risks and health issues, specifically ways to increase health literacy and personalized care plans to reverse the chronic disease epidemic.

Understanding Your Health Plan

Health insurance carriers design health plans to transfer some of the risk (costs) to you through four insurance concepts: deductibles, co-insurances, co-pays, and out-of-pocket-maximums, yet most of us with insurance don’t really know what we have.

Debunking health plan renewal myths: You don’t have to wait to find better benefits

Take a look at three common myths in the health insurance industry, and what we can do differently to help our employees and our bottom lines.

Help Your Employees Distinguish Between FSAs, HRAs, and HSAs

Although human resources professionals are very familiar with these accounts, some employees may not understand how to distinguish between flexible spending accounts, health reimbursement arrangements, and health savings accounts.

Insurance Captives: Are They Right for Your Credit Union?

Captives work for some employers but not for others. How can you be certain that you are making the right decision for your organization?

Leveraging Collaboration, Data, and Enhanced Underwriting to Drive Down Healthcare Costs

How can credit unions continue delivering robust and competitive employee benefits when the trajectory of healthcare costs is rising at such a steep pace? Here are three tips to help get us in the right direction.

The C-Suite’s Guide to Enhancing Employee Benefits and Reducing Costs

A collaborative healthcare model is the best strategy for credit unions to combat rising medical insurance and employee benefit costs as insurance carriers continue profiting from a broken system.

Why Association Health Plans Work for Credit Unions

Just as in the very collaborative spirit of the credit union movement itself, AHPs benefit from the strength and unity of their many combined employees.