Does the association pay any of the cost of member benefits?
Generally, associations do not share in the cost of member benefits. However, in some cases, an association endorsed plan will include a discount which is only available to members. While the benefits are strictly voluntary, non-association members will not be able to purchase them at the discounted pricing.
What are the advantages of purchasing an association endorsed plan as opposed to any other plan?
In addition to the possibility of receiving a discount, these plans are generally portable. The plan is owned by the member, so if at some point in the future someone ceases to be an association member, he or she can keep the plan. With a typical employer-provided group insurance plan, benefits cease upon leaving employment.
Will members automatically be eligible for benefits?
While plans are made available to all association members in good standing, some benefit plans are individually underwritten. This means that members must apply and be approved by the insurance company to receive the benefit. Plans that are individually underwritten may consider risk factors such as occupational duties, health history, personal habits, and other activities such as avocations and hobbies.
However, some benefits may have Guaranteed Issue or Simplified Issue underwriting which could make it easier for most members to qualify.
How does my association get started and are there any requirements for associations to be eligible?
Just contact Association Benefit Services and we will guide you through the entire process. To be eligible, associations must be legally established and have a minimum of 100 members, usually in the same general occupation or industry. There may be additional requirements depending on the industry.