SOCA's Anthem Benefits Help Small Businesses Save Money & Attract Workers
Health insurance is one of the most important benefits that you can offer your employees. For small businesses especially, offering superior coverage at reasonable costs helps you stand out from the competition. A superior benefits plan can help your business compete with even the top corporate brands, and if you opt for health benefits through a Multiple Employer Welfare Arrangement (MEWA), like those offered by chambers of commerce under the SOCA umbrella, health insurance plans can come at competitive rates.
MEWAs are a great option for small businesses because they allow many employers to spread the risk of health coverage over multiple parties, reducing liability and cost of coverage. The SOCA Benefit Plan is one of the best MEWAs available to small businesses in Ohio due to the scale of the network and the trustworthy coverage from Anthem.
Many businesses who are considering the SOCA Benefits Plan wonder what specific perks the plan can offer them and their employees. They also wonder about the specifics of open enrollment and how they can prepare their employees and themselves for the hectic window of eligibility.
In this post, we will cover the specifics of the SOCA Benefit Plan, what open enrollment is for health insurance, and how MEWAs can save your business significant funds. Keep reading to learn more!
SOCA Benefit Plan Administered by Anthem
The SOCA Benefits Plan is a great option for small businesses in Ohio. A self-funded solution for small businesses and sole proprietors, this plan gives your business many benefits that are designed to attract and retain your employees while factoring in your limited budget and specific needs.
How do you retain your top talent by offering quality benefits? Check out this blog here!
Benefits are focused on reduced costs and a range of options, two of the biggest pain points small businesses experience. Let's take a look at some of the top benefits that the SOCA Benefits Plan can offer you.
Top Benefits from the SOCA Benefit Plan
-- Competitive rates.
-- Fixed, predictable monthly payments.
-- A variety of health plan designs.
-- Anthem's broad Blue Access PPO provider network and Essential Rx drug list.
-- Coverage for claims run out/terminal liability coverage.
-- Expanded wellness offerings.
-- Exclusive rates and plan options including vision, life, disability, and more.
Opting for the SOCA Benefits Plan is a great way to save your small business money and take advantage of your chamber of commerce benefits. In the next section, we will take a look at open enrollment for health insurance.