This 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
– Variety of plan designs
– Anthem’s broad Blue Access PPO Network and Essential Rx Formulary
– Coverage for claims run-out / terminal liability coverage.
SOCA Benefit Plan FAQ
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