Wednesday, September 4, 2019

Southern Ohio Chamber Alliance (SOCA)

The Southern Ohio Chamber Alliance (SOCA) Benefit Plan is a unique self-funded option that is offered by SOCA and administered by Anthem. The SOCA Benefit Plan is a multiple employer welfare arrangement (MEWA) that is backed by Anthem's stop loss and is filed with the Ohio Department of Insurance. It is governed by Trustees and by-laws that satisfy ODI requirements. It is available to small employers that have at least 2 enrolled on their medical plan, with no more that 50 total employees. These employers are required to be members in good standing with a Chamber of Commerce that is qualified to offer the SOCA Benefit Plan. This alternative self-funded solution can be a good fit for small group (2 to 50 total employees) for many 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 benefits plans. Jeffrey Metzger, working with MMA Insurance in Pickerington, has partnered with Anthem and the Pickerington Ohio Chamber to offer this plan to our central Ohio Chamber Members.