The Greater Akron Chamber and SummaCare have partnered with the Cuyahoga Falls Chamber of Commerce to offer small businesses a multiple employer welfare arrangement (MEWA). The Chamber Health Benefits Plan is a self-funded health benefits option that allows employers with 50 employees or fewer to join together to share in the healthcare costs of their employees.
The Chamber Health Benefits Plan allows employers to choose the right plan for them by selecting between 10 benefit plans, including eight PPO and two HSA-compatible plans, two pharmacy options, and three SummaCare networks.
What is a MEWA?
A multiple employer welfare arrangement (MEWA), also described as a multiple employer trust, is when a group of employers pool their contributions in a self-funded benefits plan for their employees. It is governed by a board of trustees who works on behalf of the members.
What is the difference between a MEWA and a more traditional insurance program?
A MEWA is a self-funded plan. Many groups will be able to experience a competitive rate that may not be available through traditional insurance programs. In addition, a MEWA can provide predictable, fixed monthly payments and protection with stop-loss insurance.
Do I need to be a member of the Cuyahoga Falls Chamber of Commerce to participate?
Yes. In order to be eligible for membership, you must be a member in good standing of the Cuyahoga Falls Chamber of Commerce or join at the time of enrollment.
What size employers can enroll in the MEWA?
The MEWA is available to businesses with 50 or fewer employees. This includes companies with as little as one employee.
Are there different plans and network options available through the MEWA?
Yes. A variety of plan options are available including several new plan options for 2020. Employers also can select from various SummaCare provider networks depending upon their needs.
Are there ancillary options available?
Yes. Participating employers in the Chamber Health Benefits Plan are eligible for discounted life programs offered by SummaCare. Ask about your options upon enrollment.