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Causes: Voluntary Employees Beneficiary Associations (Government)
Mission: The organization's primary mission is to provide healthcare benefits to public employers. Consolidated benefit trust was established as a funding vehicle to allow public employer and employee groups to take advantage of public act 106 by pooling their risk with other like entities to achieve "economy of scale" savings.
Programs: Consolidated benefit trust (cbt) was established for the exclusive purpose of purchasing various health and welfare benefits for participating members of participating unions and employees of various participating employers in michigan from their employers' contributions. Cbt is financed by employer contributions on behalf of eligible participants and by self-payments from certain eligible participants. Cbt purchases insurance for one or more of the following categories of benefits to eligible participants, as determined by the trustees: medical-surgical, hospital, dental, optical, auxiliary benefits involved in care, treatment, recovery, and rehabilitation following injury or illness, prescription drugs, life insurance, disability income insurance, and accidental death & dismemberment insurance.
This organization's nonprofit status may have been revoked or it may have merged with another organization or ceased operations.