27 Small Credit Unions Select I-Care for Their Employee Health Plans
August 29, 2023
MILWAUKEE, WI – August 29, 2023 – InterLutions, an employee benefits CUSO, recently welcomed 27 credit unions to its “I-Care Family.” The innovative health plan solution, called I-Care, leverages data, technology, and collaboration to deliver competitive benefits to credit unions of any size or location. The CUSO recently launched an in-house insurance agency to work exclusively with smaller credit unions, and it is now the CUSO’s fastest growing product.
“Small credit unions and their employees continue to pay more for health insurance while the carriers continue to profit,” stated Jesse Kohl, President of InterLutions. “By leveraging claims data and collaborative health plan models, our credit union clients and their employees are paying less while getting more out of their medical insurance plans.”
A unique advantage of the health plan is achieved through enhanced underwriting strategies that have proven to deliver more competitive premiums to credit union employees. The CUSO highlights its medical claims reports that demonstrate how credit unions are generally a healthier population than other industries, and thus deserve lower premiums.
“We’re excited to offer credit unions customized and affordable benefit plans to help them recruit and retain high-quality talent to thrive in this competitive labor market,” explained Ken Meyer, the CUSO’s Employee Benefits Executive. “Our clients have been so thankful for the work we’re doing, and we’re excited to deliver competitive plans to both large and small credit unions across the country.”
According to the CUSO, the 27 credit unions that recently joined I-Care range from an employee size of 1 to 88 and are located across 15 different states.
Karyn Davis, President/CEO of UP Federal Credit Union in North Little Rock, AR shared, “We decided to check into what I-Care could do for our credit union after we received a renewal on our insurance with significant premium increases. As a small credit union with less than 10 employees, every dollar matters. Our goal is to provide our employees with quality health insurance with a reasonable deductible at a cost that doesn’t bust the budget. InterLutions worked very hard to find several solutions that had affordable premiums and good coverage for our employees. Their team spent a lot of time going through my options and explaining the choices. I appreciated the helpfulness and patience they had as we worked together to find a good solution for our credit union and our employees.”
“Plan renewals are just around the corner and there’s still time to explore better options. We welcome any credit union looking for assistance to drive down their health plan costs,” Meyer said.
InterLutions is a credit union service organization (CUSO) focused on providing innovative business solutions to advance the credit union movement. At its core, InterLutions believes in the idea that collaboration within the credit union industry will provide more reliable and cost-efficient ways to keep credit unions strong and healthy.