The Virginia Private Colleges Benefits Consortium, Inc. is a 501(c)(9) employee welfare benefit plan within the meaning of Employee Retirement Income Security Act of 1974 (ERISA) and constitutes a benefits consortium under Section 23.1-106 of the Code of Virginia.
For additional and more complete information on this program please visit the consortium’s website.
Who is a member?
Seventeen Virginia private colleges, each a member in good standing of CICV are members of the Consortium, including 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, and Virginia Wesleyan University.
What coverage does it offer?
The Consortium has developed 11 medical and 5 dental plan designs for use by its member colleges, and each college may elect to offer up to three medical and two dental plan designs to its eligible employees at up to five tiers of familial coverage.
The Consortium covers 6,300 employees and their families with medical, dental and vision benefit plans, ranging from 45-450 covered employees per college.
How is it governed, audited, and implemented?
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’s independent auditor is Brown, Edwards & Company, L.L.P. For Healthcare Transparency in Coverage information use this link and EIN 27-1367957.