Wyoming Chambers Health Benefit Plan

WY Chambers Health Benefit Plan logo
The Wyoming Chambers Health Benefit Plan is now 4-1/2 years old. Beginning with two participating chambers (Sheridan County and Campbell County), the plan included 28 employers and 184 enrolled employees and their families. Currently, the plan covers 13 chambers in Wyoming, 55 employers, and 343 employees. Since inception, membership grew substantially, retracted due to the economy and the 2011 rate change, and is now growing again. (In Sheridan County, the plan covers 22 employers and 122 employees and their families.)
The Health Benefit Plan offers employees a choice among seven different medical and two dental benefit choices. All of the options are being used, with almost half of the employees having selected medical option 2 – $1,000/year deductible and $1,800/year out-of-pocket limit (including the deductible) per individual. 
The plan is self-insured, paying its own claims up to a stop-loss limit beyond which “excess insurance” comes into play. At the end of 2011, the plan had accumulated $958,872 in reserves (or an average of $2,795 per covered employee) – the cushion available to cover claim fluctuations as premium revenue and claim payments occur throughout the year. 
The Board overseeing the plan is beginning the renewal process for rates effective July 1, 2012 (plan anniversary date), as well as reviewing the benefit options, any other potential changes, and long-term goals and directions. We invite you to contact Dixie Johnson at our own Sheridan County Chamber with any issues you’d like to have considered. 
Would you like more information on the Health Benefit Plan? Here’s a summary of the enrollment requirements:
* The employer must be a current member in good standing of at least one of the participating Chambers of Commerce, for at least 60 days prior to applying.
* The employer must have a minimum of 75% of eligible employees participating, for groups of five or more; 100% participation for groups of four or less. Minimum group size is two employees.
* Completed Employee Enrollment/Waiver Applications are required from each employee in order to qualify. The entire employer group will either be accepted or denied coverage.
* The employer must contribute a minimum of 50% of the premium for employee-only coverage for one of the benefit options, or an equivalent dollar amount if the employee chooses one of the other benefit options (a “defined contribution” approach for the employer). 
For more information on plan participation, click here for an overview of the plan or contact our local plan representative, Laurie Ross at (307) 674-6973. 

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