Virginia

Virginia Private Colleges Benefits Consortium, Inc.

The Virginia Private Colleges Benefits Consortium is a 501(c) (9) employee welfare benefit plan within the meaning of ERISA and constitutes a benefits consortium under Section 23.1-106 of the Code of Virginia. Seventeen private colleges, each a member in good standing of the Council of Independent Colleges in Virginia, Inc., are members of the Consortium.  
 

These colleges are: 
Appalachian College of Pharmacy
Appalachian School of Law
Averett University
Bluefield University
Bridgewater College
Emory & Henry College
Ferrum College
Hampden-Sydney College
Hollins University
Mary Baldwin University
Randolph-Macon College
Roanoke College
Sweet Briar College
Southern Virginia University
University of Lynchburg
Virginia Union University
Virginia Wesleyan University

The Consortium covers 3,500 employees (6,300 lives in total) with medical, dental and vision benefit plans. The number of covered employees by college ranges between 45 and 450.  The Consortium is governed by an 18-member Board of Directors. The President of each member college serves, or selects a senior administrator to serve, on the Board. In addition, the President of the Council of Independent Colleges in Virginia is a Board member. All governing authority rests with the Board.

The Board has hired a benefits consultant (Marsh & McLennan Agency), claims administrators (Anthem Health Plans of Virginia, Inc., IngenioRx and Delta Dental of Virginia) and other vendors to provide administrative, consultative and legal services.

The Consortium has developed 11 medical and five dental plan designs for use by its member colleges. Each college may elect to offer up to three medical and two dental plan designs to its eligible employees. Plan designs offered for medical benefits include PPO, Open-access HMO and high-deductible health plans.  Member colleges may offer up to five tiers of coverage: Ee only, Ee plus child, Ee plus children, Ee plus spouse, and Ee plus family. Colleges are free to require covered employees to contribute to the cost of coverage. The Consortium does not prescribe employee contribution levels. Any such employee contributions are collected by the college via payroll deduction. Terminated employees may continue their coverage under COBRA. COBRA contributions are collected for the Consortium by a third-party administrator.

The Consortium operates on a self-insured basis. Contribution levels are set recognizing claims experience, plan design, demographics and industry experience at each individual member college.  Contribution rates are set by the Board of Directors upon approval by an actuarial services firm on a prospective experience rated basis. The contribution rates for each college represent a blend of individual college claims experience and overall Consortium claims experience in accordance with a risk management strategy which includes both claims pooling and individual stop-loss insurance.  

The Consortium’s independent auditor is Brown, Edwards & Company, L.L.P.

For Healthcare Transparency in Coverage information use the below link and EIN 27-1367957.
https://www.anthem.com/machine-readable-file/search

Which schools would you like to hear from?
Appalachian College of Pharmacy
Appalachian School of Law
Averett University
Bluefield University
Bridgewater College
Eastern Mennonite University
Edward Via College of Osteopathic Medicine
Emory & Henry College
Ferrum College
George Washington University - VA
Hampden-Sydney College
Hampton University
Hollins University
Liberty University
Mary Baldwin University
Marymount University
Randolph College
Randolph-Macon College
Roanoke College
Shenandoah University
Southern Virginia University
Sweet Briar College
University of Lynchburg
University of Richmond
Via College of Osteopathic Medicine - VA
Virginia Union University
Virginia Wesleyan University
Washington and Lee University
Thank you!
ERROR: Message Not Sent!