Good news about The Foraker Group Benefit Plan

The Foraker Group, along with the Rasmuson Foundation, unveiled a new health insurance program in October of 2008 that is designed to create a healthier nonprofit sector in Alaska. The program offers two options that will help expand coverage to underinsured individuals and families or those who currently have no insurance.

We are making great progress with the plan. Partners are signing up to take advantage of this new program which puts employees in charge of their health care, helps increase productivity, and will reduce the rise in future health care costs.

Already 24 nonprofits are part of the plan. The leaders of these organizations recognize the value of this approach to health care and have taken action to bring it to their staff. We thank them for their long-term commitment to the well being of their employees and their willingness to step forward, especially during challenging economic times. Right now it can be easier to look inward, stick with the familiar and be unwilling to try something new. Congratulations to those of you who have maintained focus and understand that we’re all in this for the future – of our mission and our organizations.

Since December, the plan has more than doubled the number of enrollees. The growing participation is due, in part, to the incentives for those who enroll early. Just to recap, the Rasmuson Foundation will cover contributions into employee’s Health Savings Accounts (HSA) for two years along with funding the Health Risk Management (HRM) program for three years for enrolled employees. We thank Rasmuson for that generous support which demonstrates the foundation’s steadfast vision of a thriving nonprofit sector in Alaska.

We also recognize and appreciate the hard work of Premera Blue Cross Blue Shield of Alaska, the Wallace Group and the insurance brokers who have embraced this innovative benefit plan. Without their guidance and support, we wouldn’t be as far along as we are today. They have been diligent in their work, which allows us to offer this competitive, long-term benefit package to our Partners.

As we know, during difficult economic times the health of our staff can suffer. Employees work longer and harder, under more stress, to serve the community. The emphasis the Foraker plan places on health and wellness has never been more needed. For enrolled groups to learn more about this part of the plan, we have partnered with Premera Blue Cross Blue Shield of Alaska to offer training sessions on proven workplace wellness strategies. We encourage you to take advantage of these sessions.

For more information on the benefit plan, or a list of preferred brokers, please call Rebecca Savidis at The Foraker Group, 907-743-1210.

What our Partners say about The Foraker Group Benefit Plan

From Barbara Dubovich, Executive Director, Campfire USA Alaska Council

Camp Fire is in the process of moving to Foraker’s HSA plan this year. After enduring radical increases in health insurance premiums for several years with the latest at 50%, we look forward to the potential of having more predictability in increases.

The Foraker HSA Plan through Premera Blue Cross is a proactive health management plan that provides more control to each employee and will, we believe, result in lowered premium costs in the future.

The added incentive offered from the Rasmuson Foundation really helps our employees to build their HSA Accounts.