The Kansas Municipal Insurance Trust (KMIT), which has been operating as a self-insured work comp group for Kansas cities and other municipalities/public agencies since 1994, has announced the formation of a new employee health plan for its members. The KMIT Association Health Plan (KAHP) was launched with ten members (all Kansas cities) on January 1, 2022. As with its KMIT ‘parent’, KAHP membership is open to virtually all Kansas ‘municipalities’ (statutorily defined)—which includes cities, counties, townships, water and other special districts, community colleges, school districts, and many other public agencies. Health insurance coverage for Association members is through Kansas Blue Cross/Shield. Rates and specific optional plans are determined by KAHP, in coordination with BC/BS. KMIT’s business partner in the KAHP is IMA/CORnerstone, Wichita, which provides professional technical support and overall guidance. The purpose of KAHP is to be able to deliver quality health insurance options for public entities and their employees/families, with affordable and stable employee premiums calculated on an association (large group) rating basis. KMIT Pool Administrator Don Osenbaugh serves as the primary contact point for the KAHP. Osenbaugh can be reached at 316-259-3847 or dosenbaugh@cox.net.

The interest rate table above illustrates recent changes in a sample of MBIS “investment grade” yields. Every issuer’s credit is different. For rates that may be applicable to your municipality, contact our Municipal Bond Advisors, Larry Kleeman and Beth Warren.