The MEA Benefits Trust (MEABT) was established by the Maine Education Association on April 10, 1993, as an employee welfare benefit plan. The MEABT is administered by Trustees, in accordance with its terms for the exclusive benefit of Plan participa nts and beneficiaries.
The principal asset of the MEABT is a group insurance contract, currently held with Anthem Blue Cross and Blue Shield of Main e, (Anthem), which provides medical, hospital, surgical, prescription coverage and related health benefits to approximately 69,0 00 individuals in the State of Maine, including active educators, retired educators and related personnel and their dependents.
The Trustees of the MEABT, as part of their duties, while serving on the Trust, help develop the plan design for its particip ants. The Trust negotiates directly with Anthem to provide these benefits to all active and retired participants.