We leverage our buying power to find the best value in health and welfare benefits. Whether that value is found in one vendor or multiple vendors, members use one enrollment system and receive one bill for all coverage provided through the SBC.
The Statewide Benefit Cooperative is a group insurance program sponsored by the Indiana Statewide Association of RECs Group Insurance Trust. This program is offered solely as a service and benefit to its members and their employees. A formal Trust Agreement was adopted and has since been amended to meet all of the requirements of the Employee Retirement Income Security Act of 1974 (ERISA). The Trust is a separate legal entity and the policyholder for the various group insurance policies offered to all members. The Trust is a separate legal entity and enjoys a tax-exempt status under Section 501c(9) of the Internal Revenue code.
The Trust is able to provide enhanced benefits at competitive and stable rates because its only objective is to provide high quality member benefits. The Trust makes no profit from the service it provides.
The Trust’s primary products are a group of benefit plans that inclue the following:
Medical Life Prescription Drugs Short-term Disability Dental Long-term Disability Vision Accidental Dealth & Dismemberment Wellness
The Trust is governed by a Board of Trustees made up of executive officers from its own membership. Those currently serving as Trustees are:
Chairman: Jim Doerstler, Whitewater Valley REMC
Ron Arnholt, Bartholomew County REMC
Dave Classpell, ACES Power Marketing
Rick Coons, Indiana Electric Cooperatives
David Cox, Newton County REMC
Gary Gerlach, Carroll White REMC
Terry Jobe, RushShelby Energy
Randy Price, Carroll White REMC
Greg Ternet, Parke County REMC
Otto Werner, Kankakee Valley REMC
Principal Financial GroupÒ, The PrincipalÒ and the Principal Financial Group logo are registered service marks of Principal Financial Services, Inc. Used by permission