The Financial Planning Association says that members in most states now have access to a national group health insurance plan in partnership with Ryan Insurance Strategy Consultants.
According to the FPA, based in Denver, the plan is generally available for advisors with two to 50 employees and comes about two years after advisor members requested “health care with more options and lower costs.”
Regulations in New York, North Carolina, New Hampshire, Delaware, Hawaii, Montana and Washington, D.C., though, do not allow FPA members in these states to join the plan. FPA and RISK say they will work to open these markets to members as membership in the group health plan grows.
“FPA is thrilled to be one of the first-to-market with a national group health plan to help our members address their personal health care needs, but also stay competitive, attract the right employees and grow their businesses,” according to FPA Executive Director and CEO Lauren M. Schadle.
The organization offered some members health plans through a pilot program in June and is hosting a webinar on the plans next Wednesday.
“We saved thousands of dollars on a plan that’s almost the same as our old one,” said pilot participant Christine Damico, CFP, of Blacksburg, Virginia, in a statement.