Association Member Trust (AMT), a leading provider of healthcare plan options to over 2,200 member-companies, and its Board of Trustees approved a return of surplus (dividend) for the calendar year 2019 to eligible and participating member employers. This is a benefit that will extend to member companies in all of our 17 participating associations.
The following is a letter from Association Member Trust to NJDA members who are enrolled with AMT.
Dear AMT Members,
We are pleased to announce that Association Member Trust (AMT), a leading provider of healthcare plan options to over 2,200 member-companies, and its Board of Trustees approved a return of surplus (dividend) for the calendar year 2019 to eligible and participating member employers. This is a benefit that will extend to member companies in all of our 17 participating associations.
The $1.033 million dividend was recently approved by the New Jersey Department of Banking and Insurance. The dividend will be paid in the form of a contribution holiday credit on June 2021 employer statements.
“This dividend represents our continued track record of putting members first,” said AMT’s Chief Operating Officer, Harvey Mishkin. AMT has paid dividends 8 of the last 10 years and has cumulatively returned more than $18 million to member companies over those past 10 years. AMT Chairman, Steve Dobossy, said that “AMT Trustees are focused on supporting small businesses like yours, and to providing more options and more health at lower cost vs. traditional insurance providers.”
Despite the challenges related to COVID-19, AMT has maintained strong reserves and we are proud that we are able to still provide a dividend.
This year’s dividend results from AMT’s continued commitment to being a low-cost operation. As a self-funded Multi-Employer Welfare Association (MEWA), we put our profits into better healthcare plans and better service. And we support members with a staff of dedicated employees who understand your business and healthcare needs and can help you work through any claim issues.
This year’s AMT dividend is just one of the many ways Association Member Trust is working to deliver better value on behalf of member companies. Operating together, we are able to put a greater percentage of each healthcare dollar into the coverage and plan options you and your employees are seeking. If it’s been more than three years since you looked at your coverage, we recommend that you reach out to one of our advisors for a Healthcare Check-up.
Thank you for being a member of Association Member Trust. We are stronger together.