• Wespath Financial Relief Update—HealthFlex Premium Refund Dividend
• Fall Plan Sponsor Webconferences—Save the Date

Wespath Financial Relief Update—HealthFlex Premium Refund Dividend

In an effort to help plan sponsors—as well as potentially local churches—cope with the financial impact of the pandemic, HealthFlex plan sponsors will be provided a refund of March 2020 premiums. This payment will be determined based on net premiums billed in March, excluding health account contributions and pension deductions; therefore, it will not exactly match the total amount billed on March invoices.

Wespath previously provided financial support in 2020 by allowing HealthFlex plan sponsors to defer May and June premium payments for 90 days. Those who took advantage of this delay will be required to send May payments with August payments and send June payments with September payments.

This is the first time Wespath will issue a premium refund, although performance dividends have been paid in the past. Wespath has evaluated past and current experience of HealthFlex, and this premium refund is possible due to the better than expected recent performance and sufficient reserves. The premium refund will be paid in August. Plan sponsors should ensure they are up-to-date with payment of July premium payments before receiving their March premium refund dividend.

Fall Plan Sponsor Webconferences—Save the Date

Plan to join one of the following plan sponsor webconferences, which will highlight Annual Election and 2021 plan changes. Both sessions will cover the same information, so choose the time that is most convenient for you or a member of your staff:

• Tuesday, September 1 from 10:00 to 11:00 a.m., Central time; or
• Wednesday, September 2 from 2:00 to 3:00 p.m., Central time.

For groups transitioning to HealthFlex Exchange in 2021—there will be overlap between this content and the content shared in "Train the Trainer" on August 19-20, but you are still welcome to attend one of the webconferences.

Call in details and agenda to follow.

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