Multiple Employer Welfare Arrangement. A type of employee benefit plan that is established or maintained for the purpose of offering or providing certain types of benefits, including health benefits, to the employees of two or more employers. As provided under ERISA, states may regulate fully-insured MEWAs. They also may regulate self-insured MEWAs to the extent not inconsistent with federal law.
An arrangement between or among two or more unrelated employers, that is not maintained pursuant to a collective bargaining agreement, to provide benefits to their employees. MEWA's are not considered legal in Wisconsin.
a type of employee life, health and disability insurance arrangement
A MEWA is a Multiple Employer Welfare Association. It is one of three protected classes of health insurance regulated by the department of Labor under ERISA federal legislation. The purpose of a MEWA is to insure large numbers of association membership employed by multiple employers with Major Medical Insurance. A Fully Insured Health Plan MEWA are not required to possess a state issued Certificate of Authority. Insulation from state compliance costs of premium tax, community rating and guarrantee issue regulations allow for reduced insurance costs to the employer. State compliance of Fully Insured MEWA Health Plans does require complete reinsurance be in place. Eligible Associations must maintain ERISA compliance standards. MEWA premium for Fully Insured Health Plan Major Medical coverage typically costs 5%- 20% less than traditional state regulated fully insured health plans.
Multiple employer welfare arrangement - An entity formed by the agreement of two or more employers in a similar industry to provide employee benefits, usually health insurance benefits. Such entities are formed under federal rules and are authorized under Alaska Statute 21.85 to operate in Alaska. Their status can be * Certificate of Authority issued* C of A revoked* C of A surrendered* C of A suspended* C of A expired
Multiple Employer Welfare Arrangement. An organization of employers who "jointly self-insure" and pool funds to provide health care benefits for their employees. Michigan law requires a MEWA to either buy an insurance policy that covers its members' employees, or meet the financial standards for an insurance company.
See Multiple Employer Welfare Arrangement.
Multiple Employer Welfare Arrangement. An employee welfare arrangement designed to provide benefits to employees of two or more employers.
Under a Multiple Employer Welfare Arrangement (MEWA), a qualified group or association acts in the interest of its employer-members to provide health coverage benefits for their employees.
