During the summer of 2013, the State Bar of Texas Insurance/Member Benefits Subcommittee explored the implementation of a private exchange for which all SBOT members would be eligible. The subcommittee considered private exchange models offered by the State Bars of Tennessee, Florida, and Georgia along with those developed by third-party administrators and health insurance carriers.
Member Benefits, which has specialized in association programs for more than thirty years, was selected to administer the Texas Bar Private Insurance Exchange. Member Benefits currently administers more than ten programs—including the Florida Bar (100,000 members), the State Bar of Georgia (40,000 members), and the Florida Medical Association (20,000)—and has relationships and leverage with well-known national insurance providers, such as MetLife, Guardian, and UnitedHealthOne. “This is an established company. They have a history of dealing with professionals and their needs,” said subcommittee member David Chamberlain. “The direction we wanted to go was to have a program that was open to every member of the State Bar—whether they are solo practitioners or at a big firm.”
In the fall of 2013, the State Bar of Texas announced the Texas Bar Private Insurance Exchange, a multi-carrier private exchange designed for State Bar of Texas members. Available to both individuals and employer groups, the Texas Bar Private Insurance Exchange offers a wide range of health insurance choices and more.
Effective January 1, 2014, Member Benefits was appointed, by the State Bar of Texas, as the new administrator of the State Bar of Texas Insurance Trust, which has offered association member group insurance plans such as term life, disability, overhead expense, and personal accident insurance plans to members since 1948.