News

We are excited to announce that the MBA Group Insurance Plan Committee has once again achieved a single-digit renewal increase for the 2024 plan year. This impressive streak, now spanning over 14 years, reflects the collective strength of our Association in securing competitive benefits at favorable rates.

Together, we are truly BETTER BY ASSOCIATION.

For member banks offering medical insurance through BCBSMA, the renewal increase will be 7.9%. The dental increase will be 2.9%.

More information will be shared in the coming days, but in the meantime, please refer to the attached presentation for additional details.

We are excited to invite you to a virtual meeting during which we will share important updates regarding the Massachusetts Bankers Association group insurance plans. The meeting will cover updates on medical and dental rates, plan design changes, and open enrollment planning.

Renewal information for VSP vision, The Hartford life & disability, and AIG business travel accident will also be presented.

Additionally, we'll provide updates on specialty programs like Livongo, Hinge Health, BCBS Global Traveler Companion, and Nationwide pet insurance.

Medicare can be confusing, we’re here to help Need help understanding your Medicare health insurance options?

On July 31, 2024, the Massachusetts Bankers Association completed and filed IRS Form 5500 for banks participating in Association-sponsored coverages, including Blue Cross Blue Shield of Massachusetts medical, dental, and retiree medical plans, as well as AIG business travel accident insurance.