The Trust Helps CUs Navigate Healthcare Reform

In the past year the subject of Healthcare Reform has been a hot topic and everyone is still trying to sort out exactly what the new Affordable Care Act means for themselves and their employees.

One of the biggest changes is that now all dependent children can be covered by an employers’ plan to age 26 regardless of student status. Another is that preventive services are now paid at 100 percent with no cost, co-pay or coinsurance for those services.

The reality is that a significant portion of the new law’s rules surrounding implementation have not yet been defined to the level of detail needed to access the total impact to both employers and employees alike.

What we do know for sure is, the new law will have a significant impact on businesses. As a credit union, there is a lot to keep track of already without adding in concerns around healthcare reform. There is however, an avenue available to you through your affiliation with the NWCUA that will make this process more manageable and less intimidating.

One of those avenues is an Association Health Plan such as the NW Financial Employees’ Benefit Trust (The Trust), an employee benefit trust that has been in existence for more than 50 years. Currently the Trust has over 100 participating employers and covers over 8,000 enrollees in Washington and Oregon.

The Trust is set up to be a one-stop location for all of your Employee Benefit needs. It makes it easier to navigate the healthcare reform maze because it addresses the many issues, legislative mandates, and compliance regulations at the aggregate level of the Association. This results in fewer items being left for the individual employer to have to figure out on their own.

Another benefit is the imbedded Wellness Plans. These programs are specifically geared to address the needs of its member employers. Unlike many plans where Wellness is just discussed, “The Trust” has a Wellness Dollar allocation for each of its participating employers.

Through an Association Plan like “The Trust,” many of the options normally available only to much larger employers can be made available to everyone regardless of size.

Questions? Contact Sales & Marketing Associate Craig Reed: 206.340.4789,

Posted in Advocacy News, Compliance News.