At Iowa Bankers Insurance and Services, Inc., we recognize that employee benefits are complex and ever changing. That’s why we partner with banks to provide competitive and comprehensive benefits to protect the bank’s most valued asset — their employees.
As a division of the Iowa Bankers Association, we know banks. For five decades, IBIS has specialized in creating quality benefit programs designed for banks and their employees. The Iowa Bankers Benefit Plan (IBBP) insures nearly 12,000 employees or 29,000 total covered lives. As a self-insured trust, the law of large numbers prevails, spreading the risk over a large population keeps our costs low.
We offer a unique customer experience. Our personalized and dedicated customer service team, knowledgeable territory representatives, and 24/7 online access to benefit information provide employees with peace of mind knowing their benefit needs are protected.
IBIS manages all administrative functions for the IBBP, partnering with our claims payers: Wellmark Blue Cross and Blue Shield, Delta Dental of Iowa, and The Standard Insurance Company to provide stable rates and attractive benefit options.
The IBBP has partnered with Blue Cross Blue Shield from its inception. This strong relationship benefits our participating employers and employees in a number of ways. The extensive provider network and discounts provide our members with access to health care across the nation and the entire world, saving the plan and employees money. Our dedicated customer service team has real-time access to claim information, providing covered members with timely responses to their questions.
Delta Dental of Iowa is a decidedly different kind of health and wellness company for many reasons, but one of the biggest differences is that Delta Dental puts employees first. Both Delta Dental and DeltaVision® plans give employees the power of a national network of providers backed by local service teams located in Iowa. As a not-for-profit organization, Delta Dental dedicates resources and funds to improve the health of underserved Iowans, provides access to health programs and supports Iowa communities.
The IBBP partners with The Standard to offer competitive rates on life and disability coverages by spreading the risk over a large number of lives and by incurring low claims experience. The Standard is consistently recognized for maintaining an “A” rating or higher from A.M. Best Company since 1928. Given the rapidly evolving market, changing customer needs and challenging economic times, this is a significant accomplishment. The IBBP is proud to partner with a company with this longstanding track record of financial strength.
If you are covered under the IBBP, log into the IBIS Group Benefits Portal for additional details on your employer’s benefit offerings.