iab-728x90

The Magazine of The Evangelical Lutheran Church in America

iab-728x90

Pension trustees discuss health-care changes

Meeting Nov. 2-4 in Minneapolis, the ELCA Board of Pensions trustees discussed preparations for a strategic plan for 2009-11. The current plan runs through 2008.

John G. Kapanke, board president, told trustees the ELCA health benefits plan has begun its switch to a wellness plan—away from the typical U.S. plan that pays members when they’re ill rather than paying to keep them well—beginning with a health-risk assessment through the Mayo Clinic. ELCA health plan members are encouraged to take the online assessment anytime through September 2008 and earn dollars for a personal wellness account to help offset some of their 2008 expenses.

To prepare for upcoming strategic planning sessions, Kapanke laid out a number of strengths, weaknesses, opportunities and threats to which trustees responded. One of the strengths, for example, is the ability to balance being a unit of a denomination with managing a major business in financial services and health care. One weakness he cited is that, even with a large menu of products and services, the pension unit isn’t as well-positioned to offer new products to possible new markets. That weakness leads to an opportunity: reaching new and growing customer bases. And one threat Kapanke mentioned is other financial service companies aggressively competing for plan members’ business.


The rest of this article is only available to subscribers.

text size:

this page: email | print

iab-728x90
August issue

AUGUST issue:

Advice for evangelism

More...