WEBT

WEBT, a non-profit health benefit trust, consisting of public educational entities, cities, counties, special districts, and publicly funded employers that have come together to pool their health benefits risk. Established in 1971, WEBT has grown to include approximately 95 public employers with 7,000 employees and retirees. The mission of WEBT is to offer high quality group benefit programs to its members and retirees that adhere to the highest service standards and integrity in the industry... The financial objective of WEBT is to spread adverse claims over a larger base of members and reduce administrative expenses. The Trust has fully funded its reserves for claims payable as well as its Plan Stabilization Reserve. Additionally, through prudent financial and benefits management, WEBT has developed substantial reserves to assure long term financial stability which is further enhanced by purchasing stop loss insurance to protect the Trust fund from very large unexpected claims...

Also known as: Wyoming Educators' Benefit Trust

Primary location: Cheyenne United States