Mission
The WBACC Trust is a program of employee & employer benefits which was specifically created
for sponsoring chambers of commerce. Its objective is to enable small companies to join together
in order to obtain insurance protection economically through mass purchasing. Because the plans
are local, they reflect the specific needs of small employers in Western Washington.
Choice
RBS - Eleven medical plans * Three dental plans * Two vision plans
* One Life & AD&D plan w/ buy-up options * STD plans * LTD plans *
Pre-paid legal plans
ANH - Seven medical plans * Four dental plans * Two vision plans * One life AD&D plan w/ buy-up options * STD plans * LTD plans * Pre-paid
Guidelines
Group must be a member of one of 100 sponsoring chambers * Group size of 2-99 EEs *
Employer contribution of 75/0% * Minimum participation 75%
Advantages
No health questionnaires * No admin fees * Four-tier composite rating
* Consolidated enrollment * Consolidated billing * 5% commission on micro groups
WBACC Trust History
The trust was designed and developed by Marsh & McLennan Group Associates, which was then a sister company to Mercer. We specifically designed the Trust to provide large company employee benefits at an affordable cost to small employer groups that belonged to Chambers of Commerce. The concept was to offer a complete package of benefits to small employer groups that were members of sponsering chambers. The WBACC kickoff was at the Washington Chamber of Commerce Executives fall meeting in November of 1985. |
