The Regents of the University of Colorado sponsor the University of Colorado Health and Welfare Plan through the University of Colorado Health and Welfare Trust. The trust is a voluntary employees’ beneficiary association as defined under section 501(c)(9) of the Internal Revenue Code. The trust was established and adopted in 2010 by and among the regents of the University of Colorado, the University of Colorado Hospital Authority and University of Colorado School of Medicine to provide a funding mechanism for the health and welfare benefits of CU, UCHA and CU Medicine employees and their eligible dependents. Currently, the CU Health Plan covers about 32,000 employees and their dependents, about 70,000 individuals.