Alaska Offers Affordable Health Insurance To Non-Profit Employees

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The Foraker Group, an organization that supports not-for-profit organizations in Alaska, on Thursday announced that it will offer health insurance to employees of private, not-for-profit organizations in the state, the Anchorage Daily News reports. The coverage will be offered through Premera Blue Cross Blue Shield of Alaska and will be funded with $2 million from the Rasmuson Foundation. The program will not use state money.

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Employees will be able to enroll in a plan that has a $1,500 deductible, a tax-free health savings account and requires employers to contribute $750 per year to the HSA; or a plan that has a $2,500 deductible, covers catastrophic health costs and provides discounts on prescription drugs. Under both plans, employers must contribute at least 75% of the cost of premiums for individuals and 50% of premiums for family coverage. Both plans cover preventive care and will offer dental and vision coverage. To encourage enrollment, the first 2,000 employees who enroll in the $1,500 deductible plan will receive an extra $500 for their HSA over two years.

Initially, premium rates will be calculated separately for all participating not-for-profit organizations. If at least 1,500 people enroll in the program within a year, the groups will be considered jointly as an association, which will allow them to receive a more stable group rate over time, according to Foraker President Dennis McMillian (Demer, Anchorage Daily News, 7/18).

Reprinted with permission from kaisernetwork.org. You can view the entire Kaiser Daily Health Policy Report, search the archives, and sign up for email delivery at kaisernetwork.org/email . The Kaiser Daily Health Policy Report is published for kaisernetwork.org, a free service of The Henry J. Kaiser Family Foundation. © 2007 Advisory Board Company and Kaiser Family Foundation. All rights reserved.

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