News

Title
edHEALTH committees
Committees Gain Trend Perspectives and Explore Strategies to Drive Down Costs
Dec 15

Plan Design and Finance Committees Welcome New Members

Two committees are instrumental for monitoring claims and developing solutions – the Finance/Controller and Plan Design (PDC) committees. Member school representatives, business partners, and the edHEALTH team meet regularly to stay on top of what’s happening for edHEALTH and the healthcare industry at large. The Finance/Controller Committee meets quarterly and the PDC meets monthly during the school year.

PDC Kicks off New Year on January 11 with Over 10 New Members 

HR and benefits representatives from each member institution will kick off the new year on January 11 to begin planning benefit design options for 2023. With industry-wide 2022 projected jumps of 5%, the Committee will be evaluating a range of options to control medical and prescription drug spending. The Committee includes over 10 new member school HR representatives and advisors.

“The agenda topics and discussions at my first PDC meeting were interesting, enlightening, and beneficial as our school transitions to edHEALTH’s innovative self-insurance program,” said Kristine Avery, Associate Vice President & Chief Human Resources Officer, Saint Joseph’s College, one of the PDC’s newest members. “During my first meeting, I had the opportunity to engage with other higher education HR professionals along with knowledgeable insurance advisors and administrators. I look forward to actively participating in the benefit-related discussions, learning from my HR peers, sharing our experiences, and implementing new benefits, program designs, and process improvements as a result of my involvement with this committee.”

Saint Joseph College’s advisor, Lisa Boucher, Vice President for Cross Benefit Solutions, is another new member. “By joining edHEALTH and participating in the plan design committee, I am looking forward to seeing how the other colleges make decisions about plan design, along with any obstacles they may encounter,” said Lisa. “As the first college and broker in Maine to join edHEALTH, this committee will provide a tremendous resource to us and potentially for other colleges in Maine.”

Bruce Bacon, Callie Hall, and Alan Hurley from College of the Holy Cross are also joining the PDC for the first time. Their advisors from Strategic Benefit Advisors attended their first PDC meeting in November. “We are looking forward to supporting Holy Cross as part of the Plan Design Committee,” said Jessie Campbell, Principal for Brown & Brown Insurance.

New HR Lesley University employee, Max Meristil, and two new Wentworth Institute of Technology HR employees, Vice President for Employee Relations and Engagement, Melanie DeSantis, and Employee Benefits Specialist, Andrew Cooley, are also new to the group. Wellesley College’s new advisors from Segal also participated for the first time. “I am looking forward to working with and understanding the perspectives from other member schools and how they may differ (or be similar) to Wellesley College in a collaborative environment,” said Steven Villella, VP & Senior Health Consultant for Segal.

Finance/Controller Committee Monitors Claim Trends and Financial Performance

The Finance/Controller Committee meets quarterly to review medical and pharmacy trends, discuss actuarial reports, and evaluate high-cost claims and stop-loss performance. Treasurers, controllers, and other financial staff from each member institution, edHEALTH staff, and edHEALTH’s consultants review actuarial, investment, and trend reports. The reports include the overall financial performance of the LLC and captive organizations, with trend reports broken out by individual school.

“Our members have a keen interest as an owner of edHEALTH in the financial health of the organization,” said Cindy Bartelson, edHEALTH’s Director of Operations. “Sharing best practices for internal control reporting and collaboration on funding models are key benefits for participants.” The next Finance/Controller meeting is March 16 where the committee will welcome new members.

edHEALTH Adds Three Board Members Brandeis University, College of the Holy Cross, and Wellesley College Represented

Mar 22
Photo of 3 new board members: Marymichele Delaney, Melissa Fletcher  and Sam Solomon

(March 22, 2022) - edHEALTH announced today three new members were elected to the edHEALTH LLC Board of Managers and the edHEALTH Insurance Exchange (edHEALT...

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edHEALTH President and CEO featured in Global Captive Podcast

Sep 6
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Hear from edHEALTH President and CEO Tracy Hassett as she was interviewed with Spring Consulting’s Managing Partner Karin Landry in a recent GCP Short. In th...

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December 2021 Newsletter

Dec 20
December 2021

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Planning for Your 2023 Annual Open Enrollment: 4 Strategies to Consider for Greater Success

Sep 26
3 women talking at conference table (photo by Photo by Yan Krukov)

Photo by Yan KrukovSince the pandemic, most employers have seen significant shifts in how to manage open enrollment periods. From big fairs onsite to virtual...

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Annual edHEALTH President Letter for Member-Owners

Jan 25
look back at 2021 and look ahead to 2022

Dear Colleagues,Strength.  Resilience.  Support.  Collaboration.  Opportunity.  Hope.  Trust.  These are just a few of the words that come to my mind as we l...

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Read our latest newsletter - featuring why prescription costs are on the rise and much more

Mar 30
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Learn about:The big picture when it comes to medication breakthroughs, their costs, and how we all play a role in trying to control costsedHEALTH's 3 new boa...

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edHEALTH talks healthcare trends in the Association of Independent Colleges and Universities in Massachusetts member newsletter

Apr 7
trend data report

The Association of Independent Colleges and Universities in Massachusetts (AICU MASS) offered edHEALTH the opportunity to discuss one of the biggest trends f...

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Tracy Hassett Selected Vice Chair of the Vermont Captive Insurance Association

Dec 15
Captive Insurance

Educators Health Exchange President, Tracy Hassett, was selected Vice Chair by the Board of the Vermont Captive Insurance Association (VCIA). VCIA is the lar...

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What are Biosimilars? Learn more about this emerging Rx trend and more in edHEALTH's April newsletter.

May 3
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Understanding the value and costs of cell and gene therapy

Jun 30
Photo by National Cancer Institute

Understanding the value and costs of cell and gene therapyInnovation in health care is constant and is marked often by significant breakthrough treatments an...

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Supporting mental health awareness in the workplace should be year-round: Tips to help employers and more in our May newsletter

May 31
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In our most recent newsletter, you'll learn:Why workplaces should support employees with mental health awareness year-roundHow telehealth continues to be an ...

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Discover summer safety tips to share, the value and cost of cell and gene therapy, and edHEALTH annual meeting news

Jun 30
cell and gene theapy

In our summer newsletter, you'll findAn overview of the value and cost of cell and gene therapyShare-it downloads for promoting summer safety among employees...

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What do consumers think about their employer-provided health coverage during the COVID-19 pandemic?

Jul 28
Doctor with phone for telehealth call

It’s a question that America's Health Insurance Plans (AHIP) asked in a recent survey that the Locust Street Group completed on behalf of AHIP Coverage@Work....

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edHEALTH President & CEO Talks Advanced Medical Stop Loss at VCIA on August 11, 2022

Aug 9
Tracy Hassett speaks at VCIA on 8-11-22

Want to learn more about Captive Insurance? Join edHEALTH's President & CEO, Tracy Hassett, along with other industry leaders, talks about medical stop l...

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Sign up for our free Thought Leadership Series on November 2, read tips for a successful open enrollment and more

Sep 30
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Join us on Monday, May 9th at 10 AM for our Virtual Thought Leadership Series: Wellness Programs - Perception vs. Reality - featuring Leena Johns, MD

Apr 6
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Now more than ever. employers need to look at reality over perception and understand the true data of their employees and covered family members’ healthcare ...

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