Valley Schools Employee Benefits Group (VSEBT) announced it will be offering discounted group coverage for its tens of thousands of members across Arizona through Aflac in addition to their wide array of other employer provided and voluntary benefits. The first organization to implement this new program will be the Scottsdale Unified School District (SUSD). In these tough times it is good to see that at least some employers are looking at new ways to save their employees money on insurance. Aflac will be offering both critical illness and accident insurance under the plan.
Here is a copy of the VSEBT Press Release
FOR IMMEDIATE RELEASE
VALLEY SCHOOLS EMPLOYEE BENEFITS GROUP SIGNS DEAL TO OFFER DISCOUNT GROUP COVERAGE TO ALL ITS MEMBERS
February 28, 2013
Phoenix, Arizona – The Valley Schools Employee Benefits Trust (VSEBT) has signed a deal with Aflac to provide the opportunity for its members to access group coverage for critical illness and accident advantage plus insurance. VSEBT and Aflac negotiated coverages and rates that are much better than those offered in the individual insurance market.
“We are very pleased to be the first employer in Arizona to be able to offer this unique, high-quality and lower priced group coverage to our employees,” said Dr. Dave Peterson, Superintendent of the Scottsdale Unified School District. “VSEBT is a great trust that cares for their members and we are honored to team up with them and AFLAC to provide these benefits. The very best education for our students starts with attracting and retaining the best teachers and staff to serve them.”
Valley Schools has been managing public entity pools and trusts since 1987 and has served tens of thousands of local employees during that time. Aflac has been in business for 56 years and serves over 50 million policy holders worldwide. Ethisphere magazine included Aflac on its list of the World’s Most Ethical Companies for the sixth consecutive year in 2012.
“We look at every benefit offering with a critical eye”, stated Tom Boone, Chairman and CEO for Valley Schools. “Through our cooperative purchasing power, we are often able to work directly with top companies like Aflac and get coverage and prices that smaller groups just can’t. That is how we help our members save crucial funding while preserving high quality benefits.”
Studies have shown a high satisfaction with Aflac products and a growing demand by employees. With slow downs in economic growth and changes to the healthcare markets, many employees like the security of a direct cash payment to them in case of critical illness or accident. This new coverage will be available to all members of VSEBT who choose to participate for the upcoming open enrollment cycle.