WELS VEBA Premium Holiday – August 2020
The WELS VEBA Commission is pleased to announce a one-month premium holiday for the WELS VEBA Group Health Care Plan (“WELS VEBA”). No premiums will be due for WELS VEBA medical benefits for the month of August 2020. Premiums for voluntary benefits, such as dental, life, and optional long-term disability, will still be due and payable for the month of August 2020, as will any premiums due for WELS VEBA coverage prior to August 2020.
During this uncertain time, the Commission is pleased to provide relief to our participating organizations that will total approximately $4.2 million in savings. In scheduling the premium holiday for August 2020, the Commission’s goal is to provide relief as soon as possible while allowing ministries to realize the full benefits of any loans received under the federal Paycheck Protection Program. In addition, the Commission is thankful to the Lord for blessing WELS VEBA with the financial flexibility to pass on these savings while maintaining WELS VEBA’s long-term viability.
All sponsoring organizations that participate in WELS VEBA will receive communications in the coming months with more details and important items to note.
If you have questions, please contact the Benefit Plans Office by e-mail at firstname.lastname@example.org or by phone at 414-256-3299.