Maryland Independent School Consortium

The Maryland Independent School Consortium has contracted with a major health insurance carrier to provide health insurance contracts complying with agreed upon plan designs and premiums to the eligible employees of each school and their affiliates. Premiums are paid directly to the health insurance carrier by each school. Under the terms of the contract, should the relationship between premiums paid and claims incurred exceed agreed upon ratio, the health insurance carrier will reimburse a portion of the excess premium to the Consortium, to hold for the benefit of the employees of the schools. Those funds are to be used to fund the operating expenses of the Consortium, to provide wellness initiatives for the employees of member schools, and to fund a portion of future premiums if and when the Trustees of the Consortium vote to do so.