Anthem SOCA MEWA Benefit Plan
The SOCA Benefit Plan is a unique self-funded option that is offered by SOCA and administered by Anthem Blue Cross and Blue Shield (Anthem). It is a multiple employer welfare arrangement (MEWA) that is backed by Anthem’s stop loss and is filed with the Ohio Department of Insurance (ODI). It is available to sole proprietors as well as small employers that have at least two enrolled on their medical plan, with no more than 50 total employees. This solution can be a good fit for your Small Group clients for reasons including:
- Competitive rates
- Predictable, fixed monthly payments
- Protection of being part of a larger self-funded pool backed by Anthem’s stop loss
- Anthem’s broad Blue Access PPO network
- Flexibility in choice of benefit plans
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