The Church Pension Group (CPG), a financial services organization that serves the Episcopal Church, recently released The Episcopal Church Medical Trust (Medical Trust) 2018 Denominational Health Plan (DHP) Annual Report, available in English and Spanish at www.cpg.org/DHP.
“The DHP enables participating institutions to offer comprehensive healthcare benefits and meaningful provider choice to those who serve the Episcopal Church,” said Mary Kate Wold, chief executive officer and president of CPG. “Through its sound financial stewardship, the Medical Trust continues to contain costs and reduce cost disparities among dioceses, while providing excellent customer service.”
John Servais, senior vice president of Benefits Policy and Design, added, “We have provided meaningful choice through multiple providers and by offering options from Preferred Provider Organizations to Consumer-Directed Health Plans. In addition, we continued to provide competitive levels of health coverage at the lowest rates possible. For 2018, the Medical Trust delivered a single-digit average rate increase of 6.2 percent, comparing favorably with ACA exchange rate increases (ranging from 17 to 32 percent) over the same period.”
Frank Armstrong, chief operating officer of CPG, said that the Medical Trust’s efforts to achieve cost savings, increase efficiencies, and maintain the high quality of members’ care will help the DHP maintain its positive direction during 2019. “As the national health benefits environment continues to evolve, including further developments in healthcare reform, the Medical Trust will continue to seek cost-effective approaches that serve the broader Church.”
About The Denominational Health Plan
The DHP, established in July 2009 by the General Convention of the Episcopal Church through Resolution 2009-A177 and its associated canon, continues to help domestic dioceses, parishes, and other institutions subject to the authority of the Episcopal Church control the rising costs of healthcare. The 2018 Annual Report summarizes recent developments with the DHP.
About The Episcopal Church Medical Trust
The Episcopal Church Medical Trust is an employee healthcare benefits organization that utilizes market-leading health networks to offer benefit plans for active clergy and lay employees, seminarians, and eligible dependents, and Medicare Supplement Health Plan options to retirees and eligible spouses. Benefits and offerings include health, pharmacy, dental, and vision plans; an employee assistance program; health advocate; and travel protection services. www.cpg.org/medicaltrust
About The Church Pension Fund
The Church Pension Fund (CPF) is a financial services organization that serves the Episcopal Church. CPF and its affiliated companies, collectively the Church Pension Group (CPG), provide retirement, health, life insurance, and related benefits for its clergy and lay employees. CPG also serves the Episcopal Church by providing property and casualty insurance as well as book and music publishing, including the official worship materials of the Episcopal Church. For more information, visit www.cpg.org and follow us on Facebook, Twitter, and LinkedIn.