For over 60 years, the IBA Group Insurance Trust has supported Indiana banks and financial institutions with an employee benefits program. By pooling resources, the Trust gives standalone Indiana banks the size and scope of their larger national peers to deliver best in class benefits at a sustainable price. Since 2004, the Trust has returned over $14 million dollars back to Trust members in the form of dividends or premium reductions.
The Trustees of the IBA Group Insurance Trust are committed to providing high quality employee benefits to Trust members. The Trustees are committed to helping banks control costs by aggregating the collective purchasing power of its participating employers.
The Trustees work with trusted professionals at NFP, UnitedHealthcare and Express Scripts to provide Trust members with the following benefits:
The Trustees selected Delta Dental to serve as the dental insurance carrier for Trust members.
Delta Dental provides the advantages of two of the nation’s largest networks of participating dentists—the Delta Dental PPO network and the Delta Dental Premier® network. With your Delta Dental PPO (Point-of-Service) plan, you may save more money and receive higher levels of coverage when visiting a Delta Dental PPO dentist. The PPO dentists have agreed to accept lower fees as full payment for covered services. However, if you go to a dentist who doesn’t participate in Delta Dental PPO, you can still save money if your dentist participates in Delta Dental Premier.
The IBA Group Insurance Trust provides vision coverage through United Healthcare. The UHC vision program offers affordable benefits, a broad and diverse provider network, and freedom of choice on eyewear.
Your vision plan provides you with:
Reliance Standard provides Trust members with industry leading protection for life, disability, and supplemental health products. New clients to the IBA Group Insurance Trust Life & Disability program will receive guaranteed packaged savings with our Enhanced voluntary life, accident, and critical illness offering.
Enhancements include:
Utilizing NFP Rx Solutions, Trust members have direct access to specialty copay savings programs to assist in reducing the rising cost of new and emerging drugs. With a team of clinical pharmacists, NFP's specialty management solutions leverage advanced data tools and clinical expertise to control the Trust's specialty pharmacy spend. NFP's proprietary platform objectively monitors utilization, prior authorizations, and potential drug interactions to produce the best possible outcomes for our plan members.
Delivering Lower Cost Specialty Pricing
Who Wins: Both the plan member and the plan
Who Pays: The drug manufacturer
Who Manages: A clinical pharmacist in coordination with the pharmacy benefits manager.
Omada is a personalized program designed to help you reach your health goals. Omada combines real human support with the latest technology so you can make the changes that matter most- whether that's around eating, activity, sleep, or stress. It's an approach shown to help you lose weight and reduce the risks of type 2 diabetes and heart disease.
One of the biggest challenges plaguing HR departments today is delivering an economical, comprehensive, total engagement solution. Just 32 percent of US workers are engaged in their jobs and only 19 percent are considered thriving in four out of five areas of their lives. Engagement and well-being are keys to employee performance and productivity. To complicate matters further, employees often report not knowing, understanding or valuing their total rewards package offered. Only 36 percent of employees report reading all benefit communications. And one in five (20 percent) admit they often skip benefits meetings or presentations, don’t read communications that come in the mail, or file or throw away the information they receive without reading it. The PeopleEQ Platform addresses these challenges for Trust members by strategically combining an employer benefits and communication hub, employee resources dashboard, and lifestyle well-being programs into a cost-effective, comprehensive and engaging platform. This allows your employees to get the most out of your benefits offerings and live their best life at work.
Comprehensive Benefits Hub
Employee Resource Dashboard
Financial Well-Being
Lifestyle Well-Being
To support its member banks, the IBA Group Insurance Trust provides all of the following administration services as part of its standard service offering:
Benefitsolver Technology
While the need for effective and proactive compliance support was significant prior to 2010, the level of support an employer requires has and will grow exponentially over the next decade as a result of continued healthcare reform. This is an area in which the Trust takes very seriously and has the capability of handling unique benefits compliance challenges.
NFP's dedicated team of in-house compliance specialists aggregate, interpret, disseminate, and provide specific action steps for relevant legislation. NFP's compliance team is well versed in a variety of benefits compliance topics, including ACA, FFCRA, HIPAA, COBRA, etc. NFP will provide all IBA Group Insurance Trust members with ad-hoc industry update notices and newsletters when significant events take place.
TRANSPARENCY IN COVERAGE Effective July 1, 2022
UnitedHealthcare creates and publishes the Machine-Readable Files on behalf of the IBA Group Insurance Trust
To link to the Machine-Readable Files, please visit the URL provided: transparency-in-coverage.uhc.com
Ms. Lisa Arnold President and CEO - Home Bank
Mr. Robert Blume President and CEO - Community First Bank of Indiana
Mr. David Findlay President and CEO - Lake City Bank (Board President)
Mr. Matt Howrey President and CEO - North Salem State Bank
Mr. Mike Mellon President and CEO - American Community Bank
Ms. Shane Pilarski President and CEO - Alliance Bank
Ms. Amber Van Til President and CEO - Indiana Banker's Association
To learn more about joining the IBA Group Insurance Trust, contact Shawn M. Norris, RHU, ChHC at shawn.norris@nfp.com or 812-422-4000.
The IBA Group Insurance Trust is a multiple employer welfare arrangement. The multiple employer welfare arrangement may not be subject to all of the insurance laws and regulations of Indiana. State insurance guaranty funds are not available for the IBA Group Insurance Trust.