Employee Health Insurance: Why MEWA is a Good Choice

It is a tough call for employers to choose from different options of employee health insurance plans. Also, employers cannot decide whether they should offer a health insurance plan to employees or not.

However, in some states, it is mandatory for employers to comply with the state and federal employee benefits rules. In such cases, due to any failure of offering health benefits to employees, the employer faces compliance issues in healthcare.

So, most business organizations, whether big or small, offer health insurance benefits to their employees in one way or the other. If you’re an employer, planning on offering healthcare benefits to your employees, you can grab some information from this piece of content.

MEWA (Multiple Employee Welfare Arrangement) Health Plan

Under MEWA, which is also known as MET (Multiple Employer Trust), a group of employers join together and pool their contributions to provide health insurance plans to their employees. The contributions are made by each employer based on the number of employees working under them and the estimated cost for each employee.

Along with pooling their contributions, the trust MEWA helps to make the employers aware about the health and welfare benefits of employees.

MEWA health plan is a convenient way for small-scale business owners to provide group health insurance benefits to their employees. With their pooled contributions, the employers can offer full-fledged health benefits against accident, death or unemployment, sickness, disability, etc. to the employees or their beneficiaries.

The benefits of the MEWA health plan to the employer are given below:

·         Employers don’t have to pay the whole amount for health benefits from their own business funds.  

·         Pooling of funds makes it possible for employers to offer better health insurance plans to their employees. Thus, employees are satisfied.

·         The health insurance benefits can be provided to more employees and are not restricted to just a few ones.

In all, MEWA health plan is a great way for employers to introduce beneficial health insurance plans to their employees and avoid compliance issues in healthcare. For expert advice and detailed information in this regard, you can get in touch with a health insurance agent or broker.

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Created on Dec 11th 2018 05:32. Viewed 396 times.

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