MILWAUKEE, Wis. –The employee benefits CUSO InterLutions is reporting it has added 27 credit unions to its health plan solution called I-Care.
The company, which said I-Care leverages data, technology, and collaboration to deliver competitive benefits to credit unions of any size or location, also noted it has recently launched an in-house insurance agency to work exclusively with smaller credit unions, which it said is now its fastest growing product.
“Small credit unions and their employees continue to pay more for health insurance while the carriers continue to profit,” stated Jesse Kohl, president of InterLutions. “By leveraging claims data and collaborative health plan models, our credit union clients and their employees are paying less while getting more out of their medical insurance plans.”
One ‘Unique Advantage’
According to the CUSO, a “unique advantage” of the health plan is achieved through enhanced underwriting strategies that have proven to deliver more competitive premiums to credit union employees. InterLutions said it highlights its medical claims reports that “demonstrate how credit unions are generally a healthier population than other industries, and thus deserve lower premiums.”
InterLutions said the 27 credit unions that recently joined I-Care range from an employee size of one to 88 and are located across 15 different states.
Recruiting, Retention Tool
“We’re excited to offer credit unions customized and affordable benefit plans to help them recruit and retain high-quality talent to thrive in this competitive labor market,” added Ken Meyer, the CUSO’s Employee Benefits Executive. “Our clients have been so thankful for the work we’re doing, and we’re excited to deliver competitive plans to both large and small credit unions across the country.”
What One CEO Says
Karyn Davis, president/CEO of UP FCU in North Little Rock, Ark., added in a statement, “We decided to check into what I-Care could do for our credit union after we received a renewal on our insurance with significant premium increases. As a small credit union with less than 10 employees, every dollar matters. Our goal is to provide our employees with quality health insurance with a reasonable deductible at a cost that doesn’t bust the budget. InterLutions worked very hard to find several solutions that had affordable premiums and good coverage for our employees. Their team spent a lot of time going through my options and explaining the choices. I appreciated the helpfulness and patience they had as we worked together to find a good solution for our credit union and our employees.”