The Executive View
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AMHIC is the only Washington, DC-based captive health insurance company run for and by education and research-related not-for-profit organizations. Founded by the American Council on Education and 12 other higher education associations in 1989, AMHIC understands the culture of not-for-profit organizations and can meet your association's insurance needs. Whether your organization is large or small, we know that attracting and retaining employees by offering exceptional benefits is a high priority. With three health insurance plans and four high-quality networks to choose from, AMHIC is the most flexible, cost-effective choice for education and research-related not-for-profit organizations in Washington, D.C. |
| 1) What is the history behind AMHIC? 2) How is AMHIC governed? 3) How is AMHIC managed? 4) What is the financial stability of AMHIC? 5) Is AMHIC a for-profit or not-for-profit company? 6) What kind of rate increases has AMHIC had? 7) What kind of benefits does AMHIC offer? 8) Does AMHIC cover retirees or domestic partners? |
1) What is the history behind AMHIC? AMHIC was started in 1989 through the collaborative efforts of the higher education association community to achieve these goals:
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2) How is AMHIC governed? The AMHIC Board of Directors consists of 13 members elected by the members of AMHIC. Board members include CEOs, CFOs and outside experts. Forward To A Colleague |
3) How is AMHIC managed? The board contracts with several outside firms to provide the following services:
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4) What is the financial stability of AMHIC? AMHIC is a financially healthy plan with assets of over $4.2 million. Forward To A Colleague |
5) Is AMHIC a for-profit or not-for-profit company? AMHIC is a for-profit company that operates like a not-for-profit. The Board of Directors can return excess revenues to member organizations in the form of lower premiums, increased benefits, or dividends. Forward To A Colleague |
6) What kind of rate increases has AMHIC had? Rate increases have been very stable at less than 10% over the last five years. Forward To A Colleague |
7) What kind of benefits does AMHIC offer? AMHIC offers the choice of three health plans (including the Kaiser Permanente Select HMO) and four PPO networks as well as two dental plans and several voluntary benefits. Forward To A Colleague |
8) Does AMHIC cover retirees or domestic partners? AMHIC covers retirees as long as the participating association has a written post-retirement health policy in compliance with AMHIC guidelines. Domestic partners are covered as long as the domestic partner completes the appropriate paperwork. Forward To A Colleague |
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