Many Reasons Why COSE’s New Benefit Option May Be a Good Fit For Your Business

COSE’s new health benefit option may be a good fit for your business. Here are seven reasons why.

The COSE Health and Wellness Trust, or COSE MEWA, is a multiple employer welfare arrangement designed as a self-funded benefit option for business owners with 50 or fewer employees. The COSE MEWA offers features and benefits that might make it a good fit for small businesses.

RELATED: Read an overview of the benefits the COSE MEWA can bring to your business. 

Here’s a closer look at seven specific benefits available to COSE members who participate in the COSE MEWA.

1. ‘Solopreneur’ friendly

While it’s true the plan is open to COSE/Greater Cleveland Partnership members with 50 or fewer employees, sole proprieterships are also eligible for the plan. This is a great alternative to plans offered through the Affordable Care Act (ACA).

2. Plenty of flexibility

The COSE MEWA offers many different plan options, including traditional copay plans and high deductible health plans with varying deductibles and coinsurance.

RELATED: View all of the different plan options available under the COSE MEWA 

3. Minimize typical fees

The COSE MEWA is not subject to some of the ACA-mandated benefits and taxes and fees, so these savings are passed on to the business owner.

4. Additional VIP benefits

Ancillary benefits, such as dental, vision and life insurance can be added to the plan.

5. Rate savings

By using factors such as medical history, gender, age and location to set your rates, the COSE MEWA may be less expensive for your group than similar plans offered under the ACA.

6. Plan protection

The COSE MEWA maintains Medical Mutual stop-loss coverage to provide plan sponsors with additional protection from large financial losses.

7. Prescription benefits

Prescription drug benefits are included with every COSE MEWA plan.

Questions?

Want to learn more? Give us a call at 440-878-5930 or email us at cosebenefits@medmutual.com for consultation and advice on your healthcare options. And to learn more about the COSE MEWA, visit www.cosemewa.com.

Share
  • Email
  • Next up: Maximizing Your Return on Intern
  • More in HR
  • Maximizing Your Return on Intern

    Patrick Britton from NOCHE spent time with NEOSA recently to share their expertise in planiing, launching and optimizing a tech company's internship program.

    Patrick Britton from NOCHE spent time with NEOSA recently to share their expertise in planiing, launching and optimizing a tech company's internship program.

    Listen here.

    Share
  • Email
  • Next up: Maximizing Your Return on Intern Part 2
  • More in HR
  • Maximizing Your Return on Intern Part 2

    Patrick Britton from NOCHE spent time with NEOSA recently to share their expertise in planiing, launching and optimizing a tech company's internship program.

    Patrick Britton from NOCHE spent time with NEOSA recently to share their expertise in planiing, launching and optimizing a tech company's internship program.

    Listen here.


    Share
  • Email
  • Next up: Maximizing Your Return on Intern Part 3
  • More in HR
  • Maximizing Your Return on Intern Part 3

    Patrick Britton from NOCHE joined NEOSA for the third and final installment of this internship podcast series. Patrick shared insight into how a tech company can build a successfull and mutually beneficial internship program.

    Patrick Britton from NOCHE joined NEOSA for the third and final installment of this internship podcast series. Patrick shared insight into how a tech company can build a successfull and mutually beneficial internship program.

    Listen here.


    Share
  • Email
  • Next up: Medical Mutual Can Help Your Employees Extend Their Health Coverage
  • More in HR
  • Medical Mutual Can Help Your Employees Extend Their Health Coverage

     

    If you have employees moving from your employer-sponsored plan to an individual plan, Medical Mutual offers great options to provide the high-quality coverage they have come to count on. Depending on their situation, they may prefer an ACA-compliant plan, where subsidies may be available to them to help pay their premium, or a short-term plan, which was designed to bridge gaps in health coverage. With either option, Medical Mutual has a broad network of trusted doctors and hospitals at affordable monthly premiums. 

    Individual ACA-compliant plans may be the right option if your employees are looking for:

    - Comprehensive coverage.
    - A federal subsidy to help pay the plan premium.
    - The ability to transfer their deductible from their previous plan to the new one and minimize their out-of-pocket costs. (This offer is valid for all employees who lost employer-sponsored coverage through Medical Mutual for 90 days from the day coverage was lost if they enroll in a Medical Mutual individual plan.) 
    - Easy access to their providers, including on-demand telemedicine with a $0 copay.

    Short-term plans may be the right option if your employees are looking for:

    - Transitional health coverage, up to 364 days, until they find a more permanent solution.
    - Affordable monthly premiums.
    - Quick access to telemedicine providers, including Cleveland Clinic Express Care.
    - Coverage in case of emergency.
    - Coverage for immunizations, labs, well child services (up to age 9) and well childcare exams.

    Medical Mutual is here to help your employees through the transition
    Our licensed agents will provide concierge service to your employees. They will be there every step of the way, finding the best plan for your employees’ needs, guiding them through the transition to their new plan and helping them determine if they qualify for a subsidy to help pay for their new coverage. 

    - Call Medical Mutual concierge service for members moving to individual plans at 1-855-444-0168, Monday through Friday, 8 a.m. to 8 p.m., and Saturday, 12 p.m. to 6 p.m.
    - Visit MedMutual.com/IndividualPlans

     
    Share
  • Email
  • Next up: Medical Mutual Can Help Your Employees Extend Their Health Coverage
  • More in HR
  • Medical Mutual Can Help Your Employees Extend Their Health Coverage

     

    The health and well-being of your employees has always been your top priority, that’s why during times of change your employees are still looking to you for guidance. If your employees are in the process of transitioning from employer-sponsored to individual insurance, Medical Mutual offers great plan options to cover them. Depending on their personal situation, your employees may benefit from individual ACA-compliant or short-term plans that were specifically designed to bridge gaps in health coverage. With both options, Medical Mutual provides a broad network of trusted doctors and hospitals at affordable monthly premiums. 

    Individual ACA-compliant plans may be the right options if:
    - Your employees are looking for more comprehensive coverage and qualify for a subsidy to help pay the plan premium.
    - Your employees are looking to transfer their deductible from their previous plan to the new one and minimize their out-of-pocket costs. (This offer is valid for all employees who lost employer-sponsored coverage for 90 days from the day coverage was lost.)
    - Your employees are looking for easy access to their providers, including on-demand telemedicine with a $0 copay.

    Short-term plans may be the right option if:
    - Your employees are looking for transitional health coverage, up to 364 days, until they find a more permanent solution.
    - Your employees are on a budget and are looking for a health plan with affordable monthly premiums.
    - Your employees value quick access to telemedicine providers, including Cleveland Clinic Express Care.
    - Your employees want to be covered in case of emergency and are looking for coverage for immunizations, labs, well child services (up to age 9) and well child care exams.

    Whatever plan your employees choose, they can always add dental coverage which includes preventive services like oral exams and cleaning. 

    Medical Mutual can help your employees make the transition to a new plan easily: 
    - Visit MedMutual.com/IndividualPlans
    - Call Medical Mutual at 1-855-444-0168, Monday through Friday, 8 a.m. to 8 p.m., and Saturday, 12 p.m. to 6 p.m.

     
    Share
  • Email
  • More in HR