The trust offers health benefits to 8,000 local government employees and their dependents in the state.
“Since 1983, the Health Benefits Trust, also known as the Municipal Insurance Trust (the Trust), has provided North Carolina’s local governments with employee health benefits, including medical, vision, dental and life insurance,” a spokesperson told the outlet. “On Feb. 12, 2025, the Risk Management Services Board of Trustees voted to close the Trust and wind down its operations effective June 30, 2025. This decision was not made lightly and many factors contributed to it, including the rising prices of medical procedures and specialty drugs. The Trust has taken measures to ensure the smooth transition of services and is actively working to support our members.”
