What is a jointly managed trust?



What is a jointly managed trust?

April 4, 2022

A jointly managed trust is an organization of employers and employees who work together to purchase the healthcare benefits that are right for them. Trusts contract with healthcare providers to design plans that will meet the needs of their members. Since trusts are made up of many groups that participate in a single health plan, it lowers administrative costs and increases purchasing power, which ultimately results in lower healthcare premiums and higher-quality benefits.

California’s Valued Trust (CVT) is one of the largest self-funded public-school trusts in California. In addition to that, CVT represents more than 162,000 members and encompasses more than 238 K-14 school districts, community colleges, and county education offices.

As a member of CVT, you can rest assured that your best interests are taken into consideration when health plans are created. Your district and union leadership are a part of the process every step of the way, ensuring your voice is heard. The end result is a health plan that brings value to all, giving members another step forward in their health and wellness journey.

What sets California’s Valued Trust apart from the others? Well, CVT is supported by the California Teachers Association and California School Employees Association and spends an average of 98 cents of every premium dollar on healthcare towards our members. CVT is proud to be managed by an equally represented board of directors to ensure the interests of all parties are considered.