COSE Benefit Plan
In partnership with the Council of Smaller Enterprises (COSE) and Medical Mutual, the COSE Benefit Plan 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 Benefit Plan 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.
If you have less than 50 eligible employees, the COSE Benefit Plan may be an option for you. And for the smallest of businesses, the COSE Benefit Plan 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 exist as additional options here. The COSE Benefit Plan is an option with plans available to these small business owners without employees to provide coverage for themselves and their families.
To learn more about the COSE Benefit Plan 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. For more information and plan design options please visit: www.cosebenefitplan.com.
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 Benefit Plan through Medical Mutual and we will continue to make our members’ grandfathered plans available.