PSEA Health and Welfare Background

The PSEA Health and Welfare Fund was created in 1979 by the Pennsylvania State Education Association. The Fund is a not-for-profit organization formed to develop, market and service certain benefit plans that are tailored to the needs of PSEA members and other school district employees where PSEA is the recognized bargaining agent.

The Fund has been ruled a tax exempt organization under Section 501(c)(9) of the Federal Internal Revenue Code, which covers "voluntary employee" beneficiary associations providing for the payment of life, sick, accident or other benefits to beneficiaries..." According to Internal Revenue Service (IRS) definitions, a 501(c)(9) organization may provide group dental, vision, term life and AD&D Insurance and disability insurance. Through these programs the PSEA Health and Welfare Fund covers well over 35,000 public school employees.

The Fund is governed by a seven member Board of Trustees that is appointed by the PSEA Board of Directors and is required to include three elected officers of PSEA. PSEA serves as sponsor of the Fund. The Fund operates as a separate legal entity for the sole purpose of providing benefits to school district employees and individual members.

In addition to designing and marketing the benefit programs, collecting and processing the premiums from school districts, and servicing the needs of participants, the Fund also monitors the performance of its third party administrators and insurers to assure that the Fund members are receiving competent, cost effective service.

The Health and Welfare Fund is committed to providing competitive high-quality products to school district employees and individual members.

PSEA HWF Printable Overview