Home \| WBA \| FIPCO®

For Your Employees Medical Insurance Prescription Drug Option Dental Insurance Vision Insurance Life & AD&D Dependent Life Voluntary Life Long Term Disability Short Term Disability Personal Accident Insurance	For Your Bank Financial Institution Bond Directors' & Officers' Liability Property & Casualty Lenders Single Interest Mortgage Protection Flood Solutions Bank Owned Life Insurance	For Your Customers Accidental Death & Dismemberment Individual Preferred Medicare Companion	WBA Insurance Trust Members About the Trust Bank Login Medical Login Life, LTD, STD Employee Login Medical Registration Medical Login Pharmacy Registration/Login Dental Registration/Login Administration Important Information Plan Documentation NonDiscrimination Requirements Continuation/Conversion Forms Provider Directories Pharmacy Information Wellness Information HIPAA Privacy Notice Gramm Leach-Bliley	About Us WBA Employee Benefits Corporation Staff Information

How To Participate in The Trust

What steps do Banks (and their affiliates) need to take to participate in the Trust?

The Wisconsin Bankers Association Insurance Trust Fund Agreement (see Third Amendment for more details), provide more details on eligiblity and affiliates. (These pages use the term "Banks" to refer to entities participating or eligible to participate in the Trust.) To participate, Banks should:

Adopt Board resolutions approving participation in the Trust;
Execute a written Application for Participation in the Trust; and
Deliver it to the Trust.

See sample resolutions and the current version of the Application for Participation

What is an "affiliate"?

Entities generally are considered "affiliates" if they are members of a "controlled group" within the meaning of Section 1563 of the Internal Revenue Code of 1986. This includes an 80% ownership test, but also includes other tests for common ownership. Alternatively, entities are affiliates if at least 51% of each entity is owned (through stock, capital or profits interest) by the same one or more individuals (either directly or through attribution under Code Sections 318 or 1563) and if such same individuals have the power to exercise a controlling influence over the policies of the entity and to elect its directors. Each Bank should consult its legal counsel to determine whether it belongs to a controlled group of corporations.

What are the terms of the Trust?

The terms upon which the Trust was established are contained in a Trust Agreement. Please see the current version of the Trust Agreement is included in this manual.

Signing Up for Specific Benefit Coverage

What benefits can be offered by a Bank through the Trust?

The benefits are subject to change from time to time, but currently include:

Medical;
Dental;
Vision;
Life and Accidental Death and Dismemberment;
Dependent Life;
Long Term Disability; and
Short Term Disability (also may be referred to as "weekly disability income").

How does a Bank enroll for a specific benefit coverage?

A Bank enrolls for a specific benefit coverage (e.g., medical, dental, long term disability, etc.) by completing a "Request for Participation" agreement (sometimes referred to as a "Participation Agreement or Employer Application") and sending it along with other required materials to the Trust. It is critical that the Bank comply with the Minimum Participation discussed below.

Upon acceptance, the Trust and the insurers will process the enrollments and return appropriate materials to the Bank (e.g., enrollment cards, indentification cards, booklets) for distribution to those enrolled.

What are the Minimum Participation Requirements?

Under the terms of the group policies, Banks are expected to meet and maintain Minimum Participation Requirements ("MPR"). Failure to maintain MPR may be cause for termination or non-renewal of the benefit coverages under the terms of the policies.

Contact EBC for information on the current MPR rules for each benefit.