Multiple Employer Welfare Arrangement (mewa)
Arrangement by which two or more employers form a coalition to offer a health plan to their employees. The purpose of the coalition is not to purchase health insurance. The MEWAs can be self-insured or fully insured and are subject to the regulations of each state. The objective of the MEWA is to provide a mechanism through which the small employers can have access to affordable health care for their employees through their combined purchasing power.
Popular Insurance Terms
Period of time of insurance coverage. If a loss occurs during this time, insurance benefits are paid. If a loss occurs after this time period has expired, no insurance benefits are paid. ...
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Information generated by the medical information bureau (MIB) and made available to member companies concerning medical information of applicants for life and health insurance. Member ...
Termination date of coverage as indicated on the insurance policy. ...
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