PAISBOA HEALTH BENEFIT TRUST  


OVER FIFTY YEARS OF SUCCESSFUL COLLABORATION

WITH 
PHILADELPHIA AREA INDEPENDENT EDUCATION INSTITUTIONS


1968:
 
The Trust’s founding idea of leveraging collective buying power for health insurance originated from a small group of private schools in southeastern Pennsylvania. John Batley, Chief Financial Officer of the Westtown School in West Chester, Pennsylvania, was a driving force behind their collaborative efforts.

1991:
 Philadelphia Area Independent School Insurance Group (PAISIG) was created, and the first volunteer board was formed. Armstrong, Doyle, & Carroll (ADC) was hired for brokerage services and, throughout the 1990s, the Trustees worked with ADC to bring a united, strategic vision to their relationship with Independence Blue Cross (IBC).

1999:
PAISIG became Philadelphia  Area Independent School Business Officer Association (PAISBOA) and over the next two decades, grew to more than 175 members, who took advantage of several group purchasing programs and professional development opportunities. During this time, more than 140 members elected to offer health benefits.

2013:
The group benefit purchasing arrangement spun off as a separate entity, the PAISBOA Health Benefit Trust (Trust). The Trust was structured as a Multiple Employer Welfare Arrangement (MEWA) and offered several fully-insured benefit options that could be elected by member schools to be made available to their employees. The reason behind this restructuring was the advent of The Affordable Care Act, which required the Trust to act as a single-payer to allow the small-employer schools to continue to insure together. 

2016:
 
With the support of 130 member schools, the Trust transitioned from fully-insured offerings to a self-funded arrangement providing medical and prescription drug coverage, enabling the Trust to better control its financial future while opening up greater opportunities to serve its members. The Trust contracted with IBC for medical claims administration and outsourced its prescription drug claims administration to CVS/Caremark. 

2017:
 
Medical claims administration was moved to Aetna and the Trust began self-funding its dental claims with claims administered through Delta Dental. 

2019:
 
The Trust returned to IBC for medical claims administration and worked in partnership to develop robust and innovative benefit programs. These include comprehensive medical plans with a focus on promoting health and wellness for the membership. 

TODAY

The Trust continues to grow, with a current membership of more than 130 independent schools, covering over 9,000 employees representing close to 17,000 covered lives. Membership with the Trust is expanding outside of the Philadelphia region to include schools in central and western Pennsylvania.