Update on Orthodox Health Plan rates and renewals
In a letter dated March 23, 2012, addressed to participants in the Joint Orthodox Health Plans [OHP], Archpriest Eric G. Tosi, Secretary of the Orthodox Church in America, provided updates and new rates.
“The Joint Committee has met and examined various options to lower the insurance rates,” Father Eric explained. “This includes other insurance carriers, other insurance plans such as HMO, HSA and HRA accounts. None of them substantially lower the costs while maintaining the high level of benefits and the portability of the current Plan. The Joint Committee is committed to continue this process over this year as other options become available or necessitated.”
Father Eric underscored that there is no change to the benefits in the coming year.
“Last year we had to change some of the benefits in order keep a projected massive cost increase within reasonable parameters,” he explained. “However, this year, without changing the benefits, we were able to keep the increase rate way below industry average by drawing up reserve funds. But it should also be noted that the high amount of claims over $25,000.00 this last year did affect the rates. We continue to encourage participants to utilize the Wellness and mail prescription programs as a way of keeping the claims lower.”
“The OHP is a PPO that includes dental, vision and prescription drug benefits that can be utilized anywhere in the country,” he added. “When comparing the prices of other Plans, these should also be noted and included.”
The text of Father Eric’s letter may be found in PDF format.
Additional information may be found at www.orthodoxhealthplans.com.