32 MAY / JUNE 2022 PSP SHOWCASE A Solution Where You Can Place Your Trust IBA Group Insurance Trust Slowly unwinding from a global pandemic, the world around us continues to face challenge after challenge. Even though headwinds persist, we are fortunate as Americans (and Hoosiers), that we remain more insulated from uncertainties than others throughout the globe. Rising gas prices and economic unknowns cast doubt among us all, but our ability to weather these issues together will only make us stronger. Coming together is a strength of our communities. In a parallel way, banks across our great state continue partnering to tackle one of the ongoing uncertainties in our lives: health insurance. From the passing of the Affordable Health Care Act to discussions around universal healthcare, many approaches have failed to tackle the rising cost of healthcare. One solution that has continued to bend and/or slow this rise has been the IBA Group Insurance Trust. As banks come together to create size and scope, it allows for substantial cost reductions in the administration and pooling of costs among the participating member banks. Spreading risk among over 45+ participating banks allows the trust to create stability in a time of uncertainty. While one member bank may experience a challenging year, the strength of the trust helps insulate this member from a catastrophic plan year. As we transition into the 2022-23 plan year, the Trust continues to outperform national healthcare average renewal increases. Along with strong plan performance, plan designs continue to outpace benchmarks, and member resources are growing. From specialty co-pay assistance programs to employee well-being incentive plans, the Trust provides a breadth of employee valueadds not found in most traditional health plan offerings. As a Preferred Service Provider of the Indiana Bankers Association, the Trust prides itself in creativity to help you provide your associates with a best-in-class program to meet the ever-changing needs of healthcare. As financial institutions, modern banking has become the norm to service your clients. In a similar fashion, the Trust has modernized its approach to meet your healthcare needs. Thank you to all current and future participating IBA-member banks for placing your trust in the IBA Group Insurance Trust. HB Shawn M. Norris Vice President NFP Registered Health Underwriter and Chartered Healthcare Consultant IBA Group Insurance Trust shawn.norris@nfp.com IBA Group Insurance Trust is a Preferred Service Provider of the Indiana Bankers Association, and NFP is an IBA associate member. Associate members of the Indiana Bankers Association are invited to share information and news with the Indiana banking community through Hoosier Banker magazine and the IBA Service Provider Showcase e-newsletter. • Hoosier Banker, IBA’s flagship publication, is distributed bimonthly to 7,000+ digital subscribers, plus 4,000+ hard copy subscribers. Email feature articles for consideration, or items for Associate Members Corner, to lwilson@indiana.bank. Associate Member Publication Opportunities Deadlines are the 20th of the month, two months before publication. • Service Provider Showcase, a monthly e-newsletter, keeps member banks connected with the service provider community. Associate members may submit current updates, company accolades and upcoming webinars/events. Email materials to jmyers@indiana.bank or ebrooks@indiana.bank. Not sure who to contact? Email any one of us, and we’ll follow up, or call 317-387-9380. HB
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