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Employees Retirement System Of Texas history
Employees Retirement System Of Texas company history timeline
The Texas Employees Group Benefits Program (GBP), formerly the Texas Employees Uniform Group Insurance Program, began September 1, 1976.
HMOs were first offered in the GBP on September 1, 1977.
Participating HMOs were first required to offer standardized benefits on September 1, 1989.
Since Fiscal Year 1991, ERS has required HMOs to provide adjusted community rates established at levels required to generate the revenue necessary to provide coverage to GBP participants.
Eleven (11) four-year public university systems representing twenty-five (25) separate universities and health science centers and forty-eight (48) public community/junior colleges located throughout Texas began participating in the GBP on September 1, 1992.
Effective September 1, 1999, all eligible GBP participants are enrolled in a premium conversion program
Effective September 1, 2007, ERS implemented annual automatic re-enrollment for all participants currently in the TexFlex Program.
The Prescription Drug Program (PDP) for HealthSelectSM Pharmacy Benefit Management (PBM) services has been administered by Caremark Rx., LLC since September 1, 2008.
On September 1, 2008, Payflex Systems USA, Inc. replaced Fringe Benefits Management Company as the administrator of the flexible benefits plan.
On September 1, 2009, HumanaDental Insurance Company was selected by the ERS Board of Trustees to administer the PPO plan.
Effective September 1, 2010 ERS contracts with two commercial HMOs on a fully insured basis; Scott & White in Temple/Waco and Community First in San Antonio.
The Employee Discount Program has been administered by Beneplace, Inc. since September 1, 2010.
On January 1, 2012, Humana Insurance Company was named the administrator for the PPO plan.
United Healthcare, a division of UnitedHealth Group, is the current administrator effective September 1, 2012.
Since September 1, 2012, there is an administrative fee of $12 per TexFlex Program Account.
As of August 2013, the number of participants in HealthSelect is approximately 437,964 employees, retirees and their dependents.
As of August 2013, the number of participants in the DHMO plan is approximately 147,361, which includes employees, retirees and their dependents.
As of August 2013, approximately 56,000 state agency and higher education employees are enrolled in the TexFlex benefits plan, with a total eligible population of approximately 302,703.
As of September 1, 2014, the State will begin offering a Dental Discount Program.
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Employees Retirement System Of Texas competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Federal Retirement Thrift Investment Board | 1986 | $25.0M | 256 | - |
| Teachers' Retirement System of the City of New York | - | $49.0M | 750 | - |
| Arizona State Retirement System | 1953 | $31.0M | 222 | - |
| Virginia Retirement System | 1942 | $21.0M | 310 | - |
| SCT | 2000 | $213.7M | 2,500 | 3 |
| Avion | - | $1.0M | 100 | - |
| CalSTRS | 1913 | $549.0M | 927 | - |
| Judicial Council of California | - | $70.0M | 800 | - |
| Advanced Information Systems Group | 1991 | $3.5M | 42 | - |
| Saginaw County | 1835 | $3.8M | 125 | 2 |
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