USBA’s health insurance pool offers self-funded medical and prescription drug coverage, fully-funded insured dental plans, and an employee wellness program. This pool provides its members with the flexibility to design and maintain excellent employee health insurance benefits and at the most competitive premium rates.
Since 1999, USBA has pooled school districts together to create better negotiating power for its members. This has shown to be very effective over the past years of consecutive low rate increases and at the same time providing minimal plan design changes.
How the Pool Works
Currently, USBA has 15 school districts/employers, which represent approximately 2400 employees/retirees. These employers have chosen to pool together to create better plan designs, service, and pricing for their employees. Like most things you can purchase, the more the quantity the better the rate or price your going to get on that particular item.
The insurance pool has seven plan options to choose from and each district or employer can offer one or all seven plans to their employees. The employee premium contributions are set by each district, depending on the type of funding that is available to them.
The costs are what drives the pool’s premiums, so depending on the cost that is incurred during that particular plan year will determine the premium that you will pay. The administrative costs of the plans are currently lower than the current market rates available. There is no premium tax or risk charge, which you may see with other insurance carriers. The combination of these features and along with the pools positive claims cost tends which have remained very stable that make the USBA insurance pool a very attractive benefit to offer.
The USBA insurance pool has a governing Board that is in charge of all decision-making. Each district/employer has one member sit on the Board and each member gets one vote. Keith Johansen with Wasatch County School District is our current Board President, who faciliates all meetings and the decision making processes.
USBA has partnered with Public Employee Health Plans (PEHP) for the health insurance, Delta Dental for traditional dental plans, and Total Dental Administrators (TDA) for their voluntary dental plans. USBA constantly is evaluating their partners to make sure they provide the best possible plans, providers, and rates for the members and employee of the insurance pool.
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USBA provides superior products and service. If you’d like more information regarding what we can do for you or a proposal, please contact: