2015-08-12T09:01:53-07:00 2014-12-31 990 2014-01-01 391519322 WEA INSURANCE CORPORATION WEAI 6082764000 45 NOB HILL ROAD MADISON WI 537133959 Michael I Quist Treasurer/Chief Financial Officer 6082764000 2015-08-12 2014 2016-02-25 16:41:14Z Michael I Quist 45 Nob Hill Road Madison WI 53713 1485646440 0 X weatrust.com X 1985 WI To promote the health and financial security of participants by providing excellent benefit programs and outstanding personal service that respects the dignity and worth of every member. 10 10 354 0 300645 0 0 0 594641386 593275605 22686678 38333064 549546 329528 617877610 631938197 0 0 590158128 607523885 38591657 33622278 0 0 0 34884079 36076695 663633864 677222858 -45756254 -45284661 723052183 692017768 462646858 479243200 260405325 212774568 To promote the health and financial security of Trust participants by providing excellent benefit programs and outstanding personal service that respects the dignity and worth of every member. 0 0 0 0 593304488 Health Insurance programs: Provide benefits for approximately 39,400 health participants, 26,600 dental participants, 22,500 long term disability participants, 5,100 short term disability participants, and 12,800 long term care participants. 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 6694 0 1 354 1 1 1 0 0 0 0 0 X 10 10 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X Carmen Raha 6086616682 45 NOB HILL ROAD MADISON WI 537133959 Margaret Guertler Board Member 2.5 0.5 X 0 0 0 Amy Johnson Board Member 2.5 0.5 X 0 0 0 Suzanne Kahl Board Member 2.5 0.5 X 0 0 0 Carol Kettner Board Member 2.5 0.5 X 0 0 0 Betsy Kippers Board Member 2.5 0.5 X 0 0 0 Heather Mielke Board member 2.5 0.5 X 0 0 0 Shelly Moore Board member 2.5 0.5 X 0 0 0 David Stella Board Member 2.5 0.5 X 0 0 0 Mary Theisen Board Member 2.5 0.5 X 0 0 0 Dan Weidner Board Member 2.5 0.5 X 0 0 0 Patricia Barrette Board Member 2.5 0.5 X 0 0 0 Lisa Glaser Board Member 2.5 0.5 X 0 0 0 Mark Moody CEO/President 36 4 X 458451 0 110750 Michael Quist Treasurer/CFO, Executive VP Operations 36 4 X 272131 0 89038 Vaughn Vance General Counsel/Vice President 36 4 X 178017 0 68500 Timothy Bartholow Chief Medical Officer 40 0 X 218448 0 62268 Jeffrey Hackel Vice President and Chief Human Resources Officer 40 0 X 208074 0 66204 Carmen Raha Controller 40 0 X 164597 0 55648 Theresa Lowe Senior Director of Insurance Operations 40 0 X 140941 0 53401 Mary Strasser Director of Provider Strategy and Network Development 40 0 X 140472 0 53401 Ken Robbins Medical Director 40 0 X 139462 0 12157 Susan Mellstrom Chief Actuary 0 0 X 139356 0 20564 Kathryne McGowan VP Marketing & Product Development 0 0 X 240892 0 32704 2300841 0 624635 40 1 1 0 HealthEdge Software Inc 3 Van de Graaff Drive Burlington MA 01803 Information Technology Company 2250614 M3 Insurance Solutions Inc 3113 West Beltline Highway PO Box 8950 Madison WI 537088950 Agency Commissions 2177879 Milliman 15800 W Bluemound Road Brookfield WI 53005 Actuarial and consulting services 1192973 Beacon Hill Staffing Group 152 Bowdoin Street Boston MA 02108 Information Technology consulting 1147217 Medimpact Healthcare Systems Inc 10181 Scripps Gateway Court San Diego CA 92131 Pharmacy Benefit Manager 970804 40 0 Contributions Received 524114 593275605 593275605 0 0 0 0 0 0 593275605 13811992 0 0 13811992 0 0 0 0 0 0 0 0 0 0 878228615 700 853708243 0 24520372 700 24521072 0 0 24521072 Administrative support to related entities 900099 300645 0 300645 0 28883 28883 0 0 329528 631938197 593304488 300645 38333064 0 0 0 607523885 1684123 0 20317095 3796192 6148945 1675923 0 264685 1001810 63777 0 2173697 12447813 263097 1468426 10193933 0 296076 255507 0 143192 0 0 228093 292611 ACA Fees 5662306 Change in LAE Reserves 653284 Insurance dept licenses and fees 75351 Costs allocated to affiliates -171301 764338 677222858 0 0 0 32568711 -11008355 27340113 31621784 0 0 16739089 10064964 0 0 0 0 0 0 0 0 359286 692170 8364817 8129011 346678 235806 629703730 632546414 0 0 0 0 0 0 15994576 27864985 723052183 692017768 22012342 27439717 0 0 37030571 18643813 0 0 0 0 0 0 0 0 0 0 403603945 433159670 462646858 479243200 X 2000000 2000000 0 0 258405325 210774568 260405325 212774568 723052183 692017768 -45284661 -2346096 0 0 0 0 X 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 8364817 8129011 235806 0 0 0 0 235806 0 Benefits Payable 427282083 Payable for Securities 5816375 Drafts payable 61212 433159670 X 1 1 X X X X 1 0 0 Mark Moody CEO/President 400000 0 32000 0 26451 0 89577 0 30300 0 578328 0 32000 0 Michael Quist Treasurer/CFO, Executive VP Operations 254148 0 15925 0 2058 0 67865 0 28354 0 368350 0 15925 0 Vaughn Vance General Counsel/Vice President 167693 0 9987 0 337 0 47327 0 26768 0 252112 0 9987 Timothy Bartholow Chief Medical Officer 217500 0 0 0 948 0 45675 0 22518 0 286641 0 0 0 Jeffrey Hackel Vice President and Chief Human Resources Officer 195408 0 12025 0 641 0 45031 0 27282 0 280387 0 12025 0 Carmen Raha Controller 150384 0 13520 0 692 0 34475 0 25987 0 225058 0 0 0 Susan Mellstrom Chief Actuary 77612 0 1000 0 60744 0 19384 0 3569 0 162309 0 39215 0 Ken Robbins Medical Director 31919 0 2500 0 105043 0 9251 0 3610 0 152323 0 33599 0 Theresa Lowe Senior Director of Insurance Operations 140525 0 0 0 416 0 32229 0 25978 0 199148 0 0 0 Mary Strasser Director of Provider Strategy and Network Development 140473 0 0 0 0 0 32228 0 26396 0 199097 0 0 0 Kathryne McGowan VP Marketing & Product Development 8559 0 15704 0 216629 0 21121 0 11583 0 273596 0 209150 0 Schedule J, Part I, Line 1a Affected employees were reimbursed for the additional taxes that were incurred as a result of the contribution to the 457 Plan. This reimbursement was included as taxable income on their W-2. Schedule J, Part I, Line 4 Severance payments are included for Susan Mellstrom ($45,714), Kenneth Robbins ($92,397.92), and Kathryne McGowan ($196,864). Form 990, Part VI, Section A, Line 6 WEA Insurance Corporation is a wholly owned subsidiary of Wisconsin Education Association Insurance Trust. As such, Wisconsin Education Association Insurance Trust is the sole shareholder. Form 990, Part VI, Section A, Line 7a Wisconsin Education Association Insurance Trust elects all board members. Form 990, Part VI, Section B, Line 11b The Form 990 is prepared by staff and reviewed by an external consulting firm. The Chief Financial Officer signs the form after his review. Any areas of concern are discussed and reviewed prior to signing. Form 990, Part VI, Section B, Line 12c Upon appointment, each member of the governing body is required to complete a written conflict of interest policy form verifying that they have no conflict of interest. Each year thereafter, this form is again completed to confirm there have been no changes in status. Form 990, Part VI, Section B, Line 15 Each year the Board of Directors sets the salary for all officers of the Corporation. In doing so, salary information from comparable organizations within the geographic area are considered. Form 990, Part VI, Section C, Line 19 WEA Insurance Corporation is regulated by the Office of the Commissioner of Insurance (OCI) of the state of Wisconsin. As such, it is reequired to submit its governing documents, conflict of interest statements, and financial statements to the OCI. Theses documents then become a matter of public record. Theses documents are also available upon request. Wisconsin Education Association Insurance Trust 45 Nob Hill Road Madison WI 53713 391142212 Welfare Benefits WI 501(c)(9) N/A 0 WEA Tax Sheltered Annuity Trust 45 Nob Hill Road Madison WI 53713 391310713 403(b) Trust WI N/A T 0 0 WEA Member Benefit Trust 45 Nob Hill Road Madison WI 53713 396189371 Agency WI N/A T 0 0 WEA Property & Casualty Insurance Company 45 Nob Hill Road Madison WI 53713 391767647 Insurance WI N/A C 0 0 WEA Investment Services Inc 45 Nob Hill Road Madison WI 53713 450510731 Broker Dealer WI N/A C 0 0 WEA Financial Advisors Inc 45 Nob Hill Road Madison WI 53713 260539876 Financial Advisors WI N/A C 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 Wisconsin Education Association Insurance Trust l 383044391 Cost studies Wisconsin Education Association Insurance Trust p 1500000 Cost studies Wisconsin Education Association Insurance Trust q 1693841 Cost studies. WEA Property & Casualty Insurance Company q 300645 Based on actual costs.