headshot of A. Tracy Hassett
Annual Message from edHEALTH's President and CEO Tracy Hassett
Mar 11, 2024

The following year-in review message was shared with member-owners and business partners at the end of February 2024.

Dear Member-Owners of edHEALTH,

You all know by now that I am a direct person. I am also inspired by clearly stated thoughts and reflections. In the words of author Bryant H. McGill: The power of numbers is absolutely incredible.”

Thank you for helping to make edHEALTH’s ten years of working for educational institutions absolutely incredible! Our consortium has accomplished a great deal since its inception. In addition to helping schools control healthcare costs and keep the trend down for your institutions, we continue to grow and offer value in new ways for your faculty and staff. In fact, I am happy to share that 2023 was our strongest year to date! Here, I highlight this past year’s accomplishments, and there are many.

The Power of the Captive – Best Numbers Ever
The captive is strong – stronger than ever. Last year was our best financial year to date: the edHEALTH Captive’s net income was $4.3 million for the year and ended with a surplus of over $20 million. The total working costs for member-owners of edHEALTH have now averaged an annual increase of just 3.8% since the program started over ten years ago, compared to an industry average of 8%.

Member-owners will learn all the details at our annual meeting on Tuesday, June 18 at The Connors Center in Dover, Massachusetts. Please mark your calendar now and plan to attend in person. We promise that this year is one not to miss!

Two More Schools Chose edHEALTH in 2023
This year, we continue our 100% school retention rate and welcome two new educational institutions to edHEALTH effective January 1, 2024:

  • Husson University in Bangor, Maine
  • The Lawrenceville School in Lawrenceville, New Jersey

Husson University is edHEALTH’s second member-owner in Maine, and The Lawrenceville School is our first private secondary school. Our thoughtful growth strategy shows the value edHEALTH can bring to all types of educational institutions. We are excited about the different perspectives our two newest schools will offer. Please welcome them when you get the chance!

Three New Expanded Solutions for Member-Owners
After productive strategic planning with our member-owner schools and their advisors, we spent the latter part of 2023 finalizing and implementing three new programs available to our member-owners. With a focus on service and cost-savings through the purchasing power of edHEALTH, member schools can now choose our vendor partners for:

Administrative Services, including benefit administration platforms for supporting all COBRA/FSA/HSA and other administrative needs

Dental Insurance, which features a national provider network and robust plan designs that include enhanced preventive benefits

Diabetes Management, focusing on wellness, lifestyle, nutrition, preventive health, and medication adherence with a clinical team of pharmacists, nurses, and dieticians with personalized plans for participants

More Employee Power to Support Our Schools
As edHEALTH grows the number of schools and covered lives, nearly 31,000 today, we want to ensure we have the right roles in place. Last year, we recognized the need for a Chief Financial Officer and Operating Officer and hired David White, CPA, ACI, ARM, in December. We’ve worked with David since the early days of edHEALTH, when he was our captive manager, and he is already a powerful addition to the team.

We also created a new position, a Health Benefits Analyst/Membership Support, who will be fully dedicated to supporting and collaborating with edHEALTH schools, their advisors, and our business partners. This new hire will focus on data analysis to identify trends and present program recommendations for greater service and cost control.

The Power of Partnerships 
We are fortunate to have strong relationships with so many of our business partners. They assist us in supporting important health issues affecting people in all parts of the country and spreading the word about the value edHEALTH can bring to educational institutions. For example, last year, they:

  • Helped us to host a timely and well-received Thought Leadership webinar about Supporting Mental Health in the Workplace
  • Invited us to present at the Northern New England Chapter CUPA-HR Event

With enthusiasm from our member-owners and support from one of our third-party administrators, our sixth annual walking challenge was a huge success! We had more than double the number of participants, with more than 236 million steps walked in four weeks. Saint Joseph’s College of Maine took home the win!

Risk & Insurance Magazine, Captive Review, and Captive Intelligence all featured edHEALTH in their publications last year. I was honored to accept Captive Review’s recognition as a Top 20 Captive Owner on behalf of all edHEALTH member-owners.

I happily accepted the nomination for a second term as the Board Chair of the Vermont Captive Insurance Association (VCIA). This is a very impactful organization where like-minded captive industry leaders collaborate, network, and learn from one another to improve the long-term value of the industry.

More Power to Come in 2024
Everything we accomplished last year directly supports edHEALTH’s mission to control healthcare costs and offer greater value in services for your faculty and staff. We continue to look to put our purchasing power to good use, such as reviewing a potential new vendor partner for life insurance and long-term disability.

With the formation of the edRISK-sponsored captive last year, which edHEALTH is a part of, we can do even more for schools looking to control their administrative spending. edRISK will enable us to offer additional lines of insurance, such as property and liability coverage. With the goal of a June 1 launch date, schools are making final preparations in April to join edPROPERTY and/or edLIABILITY. If you are interested, please reach out ASAP to learn more.

Together, we will continue to grow—strategically, operationally, and financially. We are excited for all to come!

Thank you for your vital role as a member-owner.

In good edHEALTH,


Rx Update on The Adoption of Biosimilars in the Marketplace and Much More in April's Update

Apr 25, 2024
Rx Update on The Adoption of Biosimilars in the Marketplace and Much More in April's Update

This April's newsletter has so much information to share, including:Overview and update on biosimilar adoptionApril member-owner Rx Symposium and other membe...

Continue Reading

edRISK and edHEALTH President and CEO in Captive Review's Top 20 2024

May 1, 2024

edHEALTH and edRISK's President and CEO Tracy Hassett was just named one of Captive Review's Top 20 captive owners for 2024. She, in particular, was commende...

Continue Reading

edHEALTH Welcomes Its 28th New Member-Owner School, Wilbraham & Monson Academy

Jun 3, 2024
Wilbraham &  Monson Academy Logo

FOR IMMEDIATE RELEASE: June 3, 2024Media contact: Lisa BarnsteinedHEALTHPhone: 866.692.7473, ext. 703Email: lbarnstein@edrisk.orgJune 3, 2024 (Northbridge, M...

Continue Reading

What to Really Know When Working In a Multi-Generational Workplace

Mar 29, 2024
Ageless Talent book with co-writer Lisa Finkelstein

Check out our March newsletter! Inside you'll discover:Tips for your workplace from our Ageless Talent: Debunking Myths Webinar with Dr. Lisa FinkelsteinAuti...

Continue Reading

Easy Tips for Promoting Wellness On Campus

May 28, 2024
man in woods walking with activity tracking device on wrist

In this month's newsletter, you'll discover:Tips to inspire health and wellness from an edHEALTH schoolSelf-serve health and wellness digital downloadsGearin...

Continue Reading

Announcing the Launch of New Captive Insurance Cells (Programs)

Jun 24, 2024
edRisk typeface including edHEALTHa, edLIABILITY, and edPROPERTY

Today, June 24, 2024, The Boston Consortium for Higher Education released this press release about edRISK, which includes edHEALTH and two new captive insura...

Continue Reading

2023 Annual Report Now Available To Read

Jun 20, 2024
cover of annual report with science teacher and student

This year's meeting attendees were the first to receive our 2023 annual report. In it, you can read about our strength as a coalition dedicated to helping ed...

Continue Reading

Better Together: edHEALTH Highlighted in Captive Insurance Times' 2024 Annual

Mar 11, 2024
Tracy Hassett feature with Captive Insurance Times

Thank you, Captive Insurance Times, for talking with edHEALTH President and CEO Tracy Hassett about how edHEALTH brings together educational institutions to ...

Continue Reading

edHEALTH Adds Chief Financial & Administrative Officer Ben Hammond from The Lawrenceville School to Board of Managers

Jun 11, 2024
CFO Ben Hammond Head Shot

edHEALTH Adds New Board Member from a Secondary School Member-OwnerBen Hammond, Chief Financial & Administrative Officer from The Lawrenceville School Jo...

Continue Reading

Listen to our President and CEO introduce new edRISK cells on the Global Captive Podcast

Jun 4, 2024
Captive Intelligence logo

Thank you, Global Captive Podcast (GCP), for inviting Tracy Hassett, President and CEO of edRISK, which includes edHEALTH, edLIABILITY, and edPROPERTY, to be...

Continue Reading
Top shadow

Contact Us


Contact edHEALTH today for more information.