With the rising cost health insurance, many small businesses in Missouri have found themselves either priced out of the market or being forced to offer plans with fewer benefits. However, an innovative health insurance model is poised to change that for thousands of small businesses across the state.
The Chamber Benefit Plan, available statewide on August 28, 2019 is a joint effort between the Missouri Chamber of Commerce and Industry and the local chambers of commerce that comprise the Missouri Chamber Federation. The health insurance offered by the Missouri Benefit Plan first rolled out to a limited number of small businesses in 2017. The plan uses an innovative multiple employer welfare arrangement model. This model enables smaller employers to join together and share in the overall claims risk by being part of larger self-funded pool.
The plan is offered across Missouri to businesses with 2-50 eligible employees. Small employers who want to learn more, find a certified broker and listen to testimonials from Missouri small businesses can start by visiting www.chamberbenefitplan.com.
Find out more about the plan by accessing the forms for download or contact us for a quote.