Joining the Trust
The ISAS Trust is available to all ISAS member schools that meet the following criteria for participation:
- Full membership in ISAS
- At least 70% participation by eligible employees
- A minimum commitment by the school of:
- 3 years for the health plan - school must be located in Texas or Oklahoma
- 1 year for the Life or LTD plan - school must be located in the United States
Health plan underwriting requires that the school provide the Trust with at least the latest twenty-four (24) months of claims experience, as well as audited financial statements. The applicant school’s risk profile is compared to the ISAS Trust’s underwriting guidelines and a recommendation is made to the ISAS Trust Board.
There is currently no underwriting for the life or LTD products. The school will be required to provide a census to the vendor to establish coverage.