InterLutions launches I-Care: A collaborative credit union health care solution
MILWAUKEE, WI (February 17, 2016) — InterLutions recently launched their first product, I-Care, with the start of the new year. A Corporate Central Credit Union wholly-owned CUSO, InterLutions focuses on providing innovative business solutions to advance the credit union industry and movement.
I-Care was established through a credit union driven collaborative initiative to take control of the increasing healthcare challenges and provide affordable, sustainable coverage for credit unions with 50 or more covered employees. I-Care partners with credit unions to deliver an innovative group program to reduce the volatility and expense of health insurance by pooling risk. This revolutionary solution provides credit unions with the flexibility to choose from multiple networks, while individually determining their plan design and structure to best meet the needs of their employees.
“I-Care was formed by credit unions, for credit unions, and is already providing value to our current participants through greater efficiencies, cost savings, and reduced risk,” according to Chris Felton, President of InterLutions.
“Moving to I-Care was transparent to our employees, seamless to HR, and helped to significantly reduce our health insurance costs,” commented David Powers, Chief Financial Officer of the $2.8 billion Landmark Credit Union. “I-Care offers a flexible credit union driven solution to help mitigate spiraling health care costs now and into the future. In working with I-Care we maintained total control over our plan design and were able to utilize the providers and networks we wanted,” remarked Powers.
Terri Green, AVP of Human Resources of the $1.1 billion Fox Communities Credit Union noted, “We knew at some point it would be in our best interest to move to a self-funded program. I-Care gave us the ability to do that, and in turn, be a part of a cooperative program which is really what credit unions are all about.”
Whether credit unions are fully insured or self-insured, this group medical program provides a unique alternative that combines analytics with various risk management strategies and significant savings.
About Corporate Central Credit Union
Corporate Central Credit Union is a federally insured financial cooperative built on the values of commitment to service, fiscal responsibility, and respect for the individual. We cultivate a culture of respect, ethics, teamwork, and innovation. We are " Helping Members to be Wildly Successful" by delivering industry knowledge and expertise to help credit unions achieve their strategic objectives and compete in today’s evolving financial services industry. We are motivated to passionately serve our members and strive to learn, create, and innovate daily. Please visit corpcu.com to learn more, and follow us on LinkedIn, Facebook, Twitter, and YouTube.