CHICAGO, IL  (September 9, 2014) — Bethany Benefit health insurance rates for 2015 will increase 3.9 percent; rates will remain the same for UNUM life and long-term disability (LTD) insurance, it was announced today.

Elliott Johnson, assistant director of pensions, said that although medical costs increased about 10 percent, Bethany was able to keep rates low due to better than expected claim results, low operating costs, and the plan’s strong financial position.

It continues a trend of more than a decade in which rates were either held flat or remained modest compared to other insurance providers. There was no increase in premiums in 2005 and in 2014.

The Bethany program provides coverage for pastors, employees of local Covenant churches and regional conferences, conference centers and camps, Covenant pastors who work for voluntary employers of the Covenant Pension Plan, and denominational offices. Medical/dental coverage is only available for employees who work a minimum of 20 hours a week.

Rates are based on the independent work of a health insurance actuary, an outside consultant, and staff members. Rate projections are then reviewed by the Health Insurance Committee and approved by the Covenant Board of Pensions and Benefits.

Churches or individuals interested in learning more about participation in the Bethany program may call Bethany personnel at (800) 313-8955. Information also is available by visiting Bethany Benefit Service online. Resources also may be downloaded.