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Join together with other small businesses for added plan options and lower rates.
As a small business, you may be looking for a cost-saving benefit solution. The SOCA Benefit Plan is a multiple employer welfare arrangement (MEWA) that offers predictable rates and competitive benefits usually reserved for larger groups. This means eligible businesses join together to share in the overall claims risk. By being part of a larger, self-funded pool, they have financial protection backed by Anthem’s stop loss coverage.
The SOCA Benefit Plan is a self-funded MEWA offered by the Southern Ohio Chamber Alliance (SOCA) together with Anthem Blue Cross and Blue Shield (Anthem). The plan is available to all employers that have 2 to 50 employees and sole proprietors with corporate headquarters located in Ohio who are members of a qualifying chamber. It’s a cost-effective alternative to traditional Affordable Care Act (ACA) plans. And unlike other association health plans, you don’t need to be from the same industry or trade group.