Worried About the Impact of Community Rating? Financial institutions typically have one of the lowest risk factors due to the nature of the business, which helps drive down overall premiums. What community rating means for financial institutions (those not already in the IBA Group Insurance Trust), is that your premiums will likely increase at your next renewal. Why? With community rating, health insurance rates are based on a single pool which includes employers from all industries, most of which typically are much higher risks than financial institutions. But, the IBA Trust is NOT subject to community rating. This means the insurance company only looks at members of the Trust -- financial institutions with typically lower risks -- when calculating renewals. Thus, the Trust avoids community rating. Visit us at Mega Conference! Booth 300, Exhibit Hall B Call Us or Have Your Broker Call Drew Tomasik Get in Touch Now At 1.800.558.6206 ext. 144 www.ibatrust.org
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