The Southern Ohio Chamber Alliance (SOCA) has teamed up with Anthem to offer a self-funded solution for small employers and sole proprietors.1 The SOCA Benefit Plan is a multiple employer welfare arrangement (MEWA) that lets small employers and sole proprietors join together to share in the overall claims risk. By being part of a large, self-funded pool, they receive financial protection backed by Anthem’s stop loss coverage.
In addition to financial protection, employers receive:
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Save 20 - 25%
ON YOUR MONTHLY MEDICAL SPEND WITH THE SOCA BENEFIT PLAN.3
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1 Sole proprietors are eligible to participate in the SOCA Benefit Plan. However, due to regulatory requirements, total sole proprietor membership cannot exceed 10% of the total membership in the plan. A sole proprietor must meet certain underwriting requirements and must demonstrate they are working more than 30 hours per week. Sole proprietors must submit a cover page for Form 1040 with a Schedule C or a Schedule F and a Schedule SE as proof of sole proprietorship status. “Groups of one” are not eligible to participate in the SOCA Benefit Plan. Final participation and premium equivalent rates must be approved by Underwriting and the SOCA Benefit Plan.
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2 Sole proprietors are not eligible for group specialty benefits. Please contact your broker or agent for individual specialty products.
3 Savings estimates were calculated by Anthem from a sampling of small business groups that have recently moved to a SOCA plan in Ohio. Anthem Blue Cross and Blue Shield is the trade name of Community Insurance Company. Independent licensee of the Blue Cross and Blue Shield Association. Anthem is a registered trademark of Anthem Insurance Companies, Inc. |
