Financial Services

Wyoming School Boards Association Insurance Trust

From its modest beginnings in 1996, Wyoming School Boards Association Insurance Trust (WSBAIT) has become the largest school insurance trust in Wyoming .  Through the use of network discounts and cutting edge wellness benefits, WSBAIT provides the most competitive health insurance program in Wyoming.  WSBAIT serves a wide range of individual staff member needs by providing individual  choice of  benefit plans.  Our commitment to local control makes this program your best choice in health insurance coverage

In addition, the WSBAIT Early Retirees Program offers health insurance for employees who leave active employment but are not eligible for Medicare.  This gap in coverage has become a nagging problem for many Wyoming educators.   WSBAIT Early Retiree Program fills that gap with affordable health coverage until you reach Medicare eligibility.  

Group Term Life/AD&D Insurance

WSBA has negotiated extremely competitive rates on group term life and accidental death & dismemberment insurance.  At $.095/$1,000 life and $.018/$1,000 AD&D, WSBA offers the most competitive pricing in the state.  In addition, supplemental voluntary coverage is available to individuals who wish to purchase higher levels of coverage than that provided through the district.  This program is available to school board members.  

Property Casualty Insurance (SRRP)

Faced with increasing premiums and more restrictive coverage WSBA is pleased to provide property/casualty protection through a newly created Joint Powers Authority known as School Risk Retention Program.  Participating districts enjoy expanded coverage available through a manuscript coverage document specifically designed to the needs of Wyoming schools.  Through a self insured retention structure, participants reduce the fixed costs of the program through the assumption of risk.  That risk is funded through contributions to a loss fund which, if not used to pay claims, remains the property of the program.  We keep the “profits” to offset future contributions.  

Cash Management (WGIF)

Wyoming Government Investment Fund (WGIF) is a comprehensive cash management program available to Wyoming Public Entities.  Funds are professionally managed by nationally recognized financial specialists to provide SAFE/EFFECTIVE management at competitive rates.  WGIF provides a full range of investment/cash management services including liquid fund management, fixed term investments, and pooled investments.  

EILCP

Voluntary Worker’s Compensation

With the hardening property/casualty insurance market, private insurers that once offered Voluntary Work Comp insurance to schools have pulled out of the State.  The resulting demand for this coverage prompts WSBA to provide coverage.  The Joint Powers Authority called Employer’s Injury, Liability, and Compensation Program provides Work Comp coverage for non-extra hazardous employees in Wyoming school districts.  

Universal Whole Life Insurance Program

This program specifically designed for Wyoming educators provides the cash accumulation not available in term life products.  Provided on a voluntary basis this program provides unique features including guaranteed issue within program guidelines and portability. Yes, this individually owned product goes with you when you leave active employment or board service as the same competitive rates you had as an active member.  Universal Whole Life has a cash accumulation which will play well in your retirement planning.   And yes, this program is available to Board Members.  

Long Term Disability

Many districts provide insurance protection for their employees for health, life and accidental loss while they ignore perhaps the greatest risk the employee has – the ability to earn an income.  WSBA has negotiated with select carriers to provide member districts with the best coverage available.  Contact us for a proposal for Long Term Disability for your most important commodity – your staff.  

Retirement Planning Workshop

Thinking about retirement?  Make an informed decision.  This workshop provides information about the Wyoming Retirement System and other considerations facing those considering retirement.  The program is provided to district employees without charge.  Contact WSBA for information.  

Student  Athletic/Accident Insurance

Due to the high cost of health/accident insurance, more and more students are without protection.  This voluntary coverage  is available to parents at very competitive prices.  Various coverages are available.    All-School plans are also available to districts that choose to cover all students.  Contact us for more information.