The AIKCU Benefits Alliance (formerly known as the AIKCU Benefit Trust) is a collaborative health insurance purchasing organization serving AIKCU campuses that self-fund employee health insurance. It was conceived at the request of AIKCU member presidents back in 2001 as a way to better manage continually rising health insurance costs. It was developed over a number of years and countless hours of preparation by a task force made up of member campus representatives and AIKCU staff.
The AIKCU Benefits Alliance became fully operational in 2007. The Alliance has grown from 4 participating institutions in its first year to now serve 11 AIKCU institutions and one affiliate member.
The Alliance is overseen by an independent board made up of representatives from the participating institutions. The Benefits Alliance operates under a Jointly Administered Arrangement with Anthem of Kentucky, ARC Administrators and the Know Your Rx (KYRX) Coalition. The Alliance also administers employee dental plans, FSA plans, and student-athlete medical plans in addition to the self-funded employee medical/pharmacy plans that make up the majority of its activity.
While the AIKCU Benefits Alliance never guaranteed against rising health care costs, participants have seen significant savings.