WYOMING EDUCATORS' BENEFIT TRUST (WEBT)
In 1971, in an effort to provide the same medical benefits to small school districts that were already available for large districts, several school districts and the WEA formed the WEBT. At that time, the WEA agreed to sponsor the Trust. In 1994, the WEBT made a major change to a fully-funded pooled program with a Board comprised of the four WEA officers, a superintendent, business manager, school board member and a participant in the Trust who represent participating districts, and a participant retiree.
WHO IS ELIGIBLE TO ENROLL IN THE WEBT
Any school district in the State of Wyoming or
city, town, county, and other publicly funded employer may purchase coverage for their employees, retirees, and school board members through the WEBT.
GROUP PROGRAMS
RETIREE BENEFITS
HOW IS THE WEBT FUNDED
HOW IS THE WEBT MANAGED
DISTRICT/ENTITY INVOLVEMENT
ENROLLMENT AND RESERVES
CLAIMS ADMINISTRATION
FOR MORE INFORMATION ABOUT THE WEBT CALL 307-634-5566 or in Wyoming 1-800-640-4459
The WEBT offers Medical, Dental, Vision, Flexible Spending, Life and AD&D and Long Term
Disability coverage. Each District can design their own benefit program to meet their individual needs. Consulting services are also available to any school district
or qualified entity whether in the WEBT or not.
Retirees from Participating groups enrolled in the WEBT medical plan whether under or over age 65 have retiree medical benefits available which include a generous prescription drug card program.
For more information please see the Retiree Section under "What
does the WEBT offer" , or for more questions and answers please refer
to Retiree Questions.
Each participating group is given an annual premium cost. All premiums are deposited in the WEBT account and used to pay claims and administrative expenses. The WEBT itself is
fully-funded pool, and because it is purchasing administration and stoploss for a group of over
6,000 contracts, over 90% of every premium dollar paid is available to pay claims.
This provides for greater stabilization of rates over the long term.
The collaborative board including teachers, a superintendent, a business manager, a school board member, a participant staff member, and a participant retiree manage the WEBT.
Each participating district, city, town, county, and other publicly funded employer is provided quarterly and annual reports on the financial standing of the Trust. There is an annual meeting of all
groups to review the prior year's financial status. All groups are provided
with their renewal premiums prior to April 1 each year.
The medical plan includes 20 school districts, 4 BOCES, 22
Municipalities, 3 other Educational, 1 Special District, Wyoming High School Activities, WEA
employees, and Retirees with a total enrollment of over 10,000 members. The
reserves total over $10 million. In addition to the medical program, there are
several groups purchasing Life Insurance coverage through
the WEBT. For more information on Life and LTD please click on Life
and LTD.
Currently the WEBT has hired Blue Cross Blue Shield of Wyoming to administer claims. The WEBT Board requires that covered members have access to the BCBS physician network in Wyoming as well as the BCBS
Out Of Area Provider Network. The Out of Area Provider Network has saved in
excess of 30% of the charges for services provided outside of Wyoming. To
learn how to monitor your claims, please visit
www.wyomingblue.com. For more information on WEBT benefits or for additional
assistance with your claims, please contact the
WEBT Consultants.