COSE Health and Wellness Trust
The COSE Health and Wellness Trust leverages the combined size of many small employers working together and balances the risk across the pool of companies. Unlike community-rated ACA plans, the plans available through the COSE Health and Wellness Trust recognize the unique preferred health risk of most small businesses. The plans that will be offered have far fewer restrictions on the benefit structures that are available under the Affordable Care Act (ACA). Many of the plan structures reflect the kind of benefit options that were common to small businesses before the ACA and that exist in their current grandfathered and transitional plans. Those transitional plans must be ended by January 1, 2018.
And for the smallest of businesses, the COSE Health and Wellness Trust provides an option for group coverage for small businesses with no employees. Today, new small business owners with no employees can only access insurance through the individual market. Only grandfathered plans and transitional plans (that are slated to go away by January 1, 2018) exist as additional options here. The COSE Health and Wellness Trust will be a new option with plans available to these small business owners without employees to provide coverage for themselves and their families.
The COSE Health and Wellness Trust will be an additional renewal option available to members of the Toledo Regional Chamber of Commerce with less than 50 eligible employees and we are currently providing quotes for coverage. Getting a quote is easy for those enrolled in our insurance program. You can request rates for this option effective immediately. Those members not enrolled or small business owners that are not yet a member can also get a quote for coverage and then determine if the plans and membership make sense for them.
To learn more about the COSE Health and Wellness Trust and to find out if it is a good solution for your benefit needs, contact our membership department at 419.243.8191 or talk with your broker.
And, if you like the plan you are on now, know that we will continue to offer a range of fully insured plans side-by-side with the COSE Health and Wellness Trust through Medical Mutual and we will continue to make our members’ grandfathered plans available.