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
Paid loss experience for the period of time from January 1 to December 31 of a specified year (not necessarily the current year). ...
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Qualified retirement plan under the internal revenue code Section 457 for employees of the states and political subdivisions within the states. ...
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