Paying Too Much For Group Health Benefits?
A new self-funded medical plan for small employers
As today’s small businesses continue to search for cost-saving health coverage options, the Southern Ohio Chamber Alliance (SOCA) has taken action to help. SOCA has created a new health program that can lead to more rate stability and is a smart solution that offers potential savings for groups with 50 or fewer employees. SOCA has teamed up with Anthem Blue Cross and Blue Shield to administer this plan and to provide stop loss coverage.
This new self-funded medical offering, the SOCA Benefit Plan, is a multiple employer welfare arrangement (MEWA). MEWAs enable smaller employers to join together to share in the overall claims risk. By being part of a larger, self-funded pool, employers have financial protection backed by Anthem’s stop loss coverage. In addition to financial protection, this innovative alternative offers: competitive rates, fixed & predictable monthly payments, a variety of plan designs, Anthem’s broad Blue Access PPO Network and Essential Rx Formulary, and coverage for claims run-out / terminal liability coverage.
We’ve got you covered with standard health and wellness programs.
Your employees can get help taking care of their health. Our programs include 24/7 NurseLine, Future Moms, ConditionCare, and more. And you have the option to buy dental, vision, life and disability coverage at a discounted rate only available as part of the SOCA Benefit Plan.
