Minnesota Department of Commerce Certifies The Better Health Collective
The Collective is the third entity of its kind to earn the distinction
The Better Health Collective is the most-recent certified self-insurance pool in the state. The Minnesota Department of Commerce awarded The Better Health Collective a Certificate of Authority and Compliance the end of June.
In plain language, the certification is a stamp of approval from the state, assuring current and future members The Collective has a sound financial model, follows best practices, and meets all state and federal requirements and laws.
The Collective is just one of three entities authorized by the state to serve as a political subdivision self-insurance pool.
“People are our number one priority and we work hard to provide public employers stable and high-quality group health insurance,” says Ryan Donovan, manager of insurance solutions. “It is validating to have the approval of Commerce. We invited the watchdog in, and the watchdog told us, ‘Good job’.”
The certification is good through September 2024. The Collective will complete an annual review to ensure compliance for years beyond that.
The Better Health Collective is a self-funded, government organization created under Minnesota Statutes Chapter 471 and Minnesota Rules Chapter 2785. It is managed by Sourcewell. The Collective serves public entities in Minnesota with group health insurance solutions.
Sourcewell empowers public employees through dynamic solutions and services that drive efficiency and impact. As a government organization serving thousands of public agencies across the United States and Canada, Sourcewell understands the day-to-day challenges public employees face. From cooperative contracts and related solutions, to education and community resources, Sourcewell is committed to providing high-quality service while supporting community success. Visit sourcewell-mn.gov to learn more. See current job openings at sourcewell-mn.gov/careers.