MIIA marks 35th anniversary at Annual Meeting
During the MIIA Annual Meeting in Boston on Jan. 21, Stan Corcoran, executive vice president of MIIA, announced several key accomplishments for the past year, as well as dividends to be returned to members.
“In our 35th anniversary year, we are happier than ever to be here serving our members – all day, every day – the same way that you are all committed to serving your communities,” he said during a luncheon for members.
For fiscal 2016, MIIA was able to return to members a total of $6 million in credits and discounts through its MIIA Rewards program, as well as $1.1 million in grants for local programs and equipment that target loss control and risk management, Corcoran said.
In total, MIIA was able to provide members with approximately $27 million in credits, discounts, dividends and grants.
In terms of accomplishments, Corcoran noted that MIIA now covers 80,000 lives in the Commonwealth through its Health Trust (health insurance program) – a 5 percent increase over the previous fiscal year, and that the organization has now returned a total of $200 million to members since 2009 (in the form of both credits and savings).