The 2019 premium rates for the WELS VEBA Group Health Care Plan will increase by 2% for all plan options over the current 2018 rates. No changes to cost-sharing amounts (e.g. deductibles) or covered services are expected for the 2019 plan year. The WELS VEBA health plan has experienced better-than-expected claims costs and investment returns over the past 18 months, which has allowed the WELS VEBA Commission to limit the 2019 rate increase to 2% while maintaining adequate reserves.
In addition, the WELS VEBA Commission has approved a limited open enrollment period this November for coverage effective January 1, 2019. Eligible workers at sponsoring organizations with at least one active worker enrolled in the WELS VEBA health plan will have the opportunity to enroll for new coverage or make changes to their existing WELS VEBA coverage. Open enrollment materials will be mailed to eligible workers in late-October. Please note that workers at sponsoring organizations without an active worker enrolled in the WELS VEBA health plan will not be eligible to enroll during this limited open enrollment period unless they experience a qualifying life event.