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Joint Purchase Education TrustThe Joint Purchase Education Trust (JPET) was devised in December of 2007 and strives to offer lower cost and discounted insurance to educational entities in Arizona. JPET is currently a fully insured trust through UnitedHealthcare and offers a variety of plans and benefit options. This trust was designed to pool the premiums of both large and small educational entities in order to spread risk over a greater volume and provide a less volatile, reliable insurance option for schools.
We currently offer five medical plans, three dental plans, and six vision alternatives. Each school may offer only two of the five medical plans and only one of the six vision alternatives to their employees. All eligible groups must have at least 75% of eligible employees enrolled in the medical, and 50% participation in dental. Vision enrollments are not required at this time, but are highly popular with current participating employers.
Each of our health plans include a $15,000 life insurance policy that is built into the medical rate. Life insurance has a 100% participation requirement and must be supplied to all employees regardless of whether they are enrolling in other benefits. Critical illness coverage is no longer offered as a requirement for the trust due to low participation in the past.
Medical rates are determined by UnitedHealthcare underwriters and are based on the age/gender factor and the health addendum completed by the quoted group. Groups with under 10 employees should complete medical applications in order to be accurately rated. Please be aware that since this is a multiple employer group, all participating schools are required to offer COBRA benefits. Additional information can be found here.
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