HISTORY

The concept behind edHEALTH, edLIABILITY, and edPROPERTY stems from The Boston Consortium for Higher Education’s purpose to improve and expand collaboration to achieve mutually beneficial goals and cost savings. A grant and investments from interested colleges and universities supported feasibility studies to determine the best way to address rising insurance costs. 


edHEALTH launched in July 2013, and edLIABILITY and edPROPERTY launched in June 2024. 

edHEALTH’s success over the last 11 years includes growth from six member-owners to 28 in six states, 100% retention, and an estimated $184 million in savings since its inception.

KEY MILESTONES

edHEALTH Launches July 2013

A new member-owned collaboration with six colleges emerges after a feasibility study determined that a captive domiciled in Vermont could help schools better control and reduce healthcare costs.

Success and Growth from 2014 - 2024

edHEALTH experiences significant financial success and growth from six New England-based colleges and universities to 28 schools in six states, including secondary schools, and offers national provider networks that enable educational institutions nationwide to become edHEALTH member-owners.

Summer 2022 – Spring 2024

The Boston Consortium and edHEALTH received a grant from the Davis Educational Foundation, established by Stanton and Elisabeth Davis after Mr. Davis’s retirement as chairman of Shaw’s Supermarkets, Inc., to explore and analyze different lines of insurance to fall under the new edRISK-sponsored captive.

Interested schools from edHEALTH and The Boston Consortium meet to develop the programs.

Winter 2022 – Spring 2023

Interested schools, The Boston Consortium Risk Management Group, edHEALTH leadership, and their consultants meet to develop the captive structure and deductible reimbursement agreements.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          

edRISK Established May 1, 2023

edRISK, a sponsored captive domiciled in Vermont was formed, and the edHEALTH group captive is converted to being edRISK’s first cell.

New Programs Go Live June 1, 2024

edLIABILITY and edPROPERTY, edRISK’s second and third cells, go live, and edHEALTH welcomes its 28th school.