Health insurance costs continue to rise double-digits per year and the small group insurance market is nearly unaffordable.   Members have cited the cost of health insurance as one of their top 10 concerns for over a decade. The good news is that after two years of preparation, VMA Insurance Services has created its own group benefits program that includes medical insurance, dental insurance, vision insurance, life insurance, disability insurance (LT/ST), consumer benefits insurance (accident/critical illness), flexible spending account administration (FSA), and health savings account administration (HSA).

 

The VMA  Board of Directors has selected McGriff Insurance Services (formerly BB&T) as our broker, Benefits First as our third-party administrator, and Anthem as our carrier. VMA also will have two licensed agents on staff.  VMA Insurance Services has secured initial rates and now must secure 1,500 lives committed to a December enrollment by September 30.  The rates are highly competitive, good for 13 months, and there are possible adjustment credits for those that switch to the VMA group benefits program in December.  Ongoing operations of the VMA group benefits plan will be governed by our newly formed service corporation - 1st Shift Inc. and ERISA compliant  These are just a few of the unique elements of the VMA Insurance Services' group benefits program.

Initial rate comparisons have saved some member companies as much as 30%.  The VMA Insurance Services team also includes over a dozen trained professionals across the Commonwealth utilizing some of the best enrollment technology in the industry.  This is the best opportunity for manufacturers to better control health insurance costs and provide better coverage for employees in decades.  We have until September 30 to get letters of intent for 1,500 lives to participate in the VMA Insurance Services' group benefits plan.  To schedule an appointment to compare rates and coverage, click here or contact

Sincerely,