Compass Rose Benefits Group

The Compass Rose Benefits Group is an insurance provider that offers health insurance plans for civilian employees and retirees of the United States Intelligence Community, United States Department of Defense and the United States Department of State, as well as a range of other insurance products for all employees and retirees of the Federal Government.[1] Their additional insurance is available to all Federal Government employees.[2]

Compass Rose Benefits Group
IndustryInsurance, Non-Profit
Headquarters
Reston, Virginia
,
United States of America
Key people
  • Randy Stoughton, President
  • Sherri Hebert, Vice-President
ServicesThe Compass Rose Health Plan, Group Term Life Insurance, Group Accident Plan, Legal Protection, Identity Theft Protection
Websitewww.compassrosebenefits.com

History

In 1948, an organization known as the Government Employees Health Association (GEHA) allowed a small section of Federal Government employees to obtain group health insurance plans. Since that time, a number of insurance plans have been added or changed.

In 1960, the newly established Federal Employees Health Benefits (FEHB) Act of 1959 provided all Federal employees, annuitants, and eligible family members with the opportunity to voluntarily enroll in a group health benefits program with the government sharing the cost of participation.[3] GEHA qualified under this Act and quickly entered into the FEHB program. Due to name similarities with another insurance carrier, GEHA changed its health plan name to the Association Benefit Plan (ABP).[4]

For over 55 years, the Association Benefit Plan was underwritten by Mutual of Omaha. In 2006, the company name was changed to Compass Rose Benefits Group (CRBG) and eligibility was extended to include all employees of the Intelligence Community (IC). In 2007, Coventry Health Care became the health plan underwriter. In 2008, CRBG extended eligibility to include civilian employees and retirees of the Department of Defense (DoD). In 2011, eligibility expanded once again to include employees of the Department of State and the U.S. Agency for International Development and the network provider changed to UnitedHealthcare (UHC), which is one of the largest network providers and facilities in the FEHB market. In 2015, eligibility on insurance (aside from the health plan) opened to include all employees of the Federal Government.

Evolution of company name

  • 1948: Government Employees Health Association (GEHA)
  • 2006: Compass Rose Benefits Group (CRBG)

Evolution of health plan name

  • 1948: Government Employees Health Association (GEHA)
  • 1960: Association Benefit Plan [4]
  • 2011: Compass Rose Health Plan

Evolution of underwriter

Insurance

Compass Rose Benefits Group insurance includes:

  • The Compass Rose Health Plan, an FEHB Plan[5]
  • Group term life insurance underwritten by New York Life[6]
  • Group accident plan [7]
  • Legal protection (liability insurance)[8]
  • Identity theft protection[8]

References

  1. "CRBG Plan Eligibility Page". compassrosebenefits.com. Archived from the original on 2017-03-29. Retrieved 2017-03-30.
  2. "Specialty Product Page". compassrosebenefits.com. Archived from the original on 2017-03-31. Retrieved 2017-03-30.
  3. "Health". Federal Employees Health Benefits Program Handbook. Office of Personnel Management. Retrieved 30 July 2012.
  4. "Association Benefit Plan of 2006" (PDF). United States Office of Personnel Management. Retrieved 28 March 2017.
  5. "Compass Rose Health Plan - Active Prospects". www.compassrosebenefits.com. Archived from the original on 2017-03-31. Retrieved 2017-03-30.
  6. "Group Term Life Insurance". Specialty Products. Compass Rose Benefits Group, New York Life. Archived from the original on 29 March 2017. Retrieved 1 May 2012.
  7. "Group Accident Plan". Specialty Products. Compass Rose Benefits Group, Nationwide Insurance Company. Archived from the original on 9 October 2014. Retrieved 30 July 2012.
  8. "LegalShield". w3.legalshield.com. Retrieved 2017-03-30.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.