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Texas Instructions for Certificate of Authority for Multiple Employer...

Texas Instructions for Certificate of Authority for Multiple Employer Welfare Arrangement

Name: Texas Instructions for Certificate of Authority for Multiple Employer Welfare Arrangement
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.62 (426 reviews)

Category:

Texas Workers Compensation - Self Insurance Regulation

State:

Texas

Control #:

TX-FIN373

Format:

Instant download

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Description

Instructions for Certificate of Authority for Multiple Employer Welfare Arrangement Texas Instructions for Certificate of Authority for Multiple Employer Welfare Arrangement (MESA) is a document that allows entities to form a Multiple Employer Welfare Arrangement (MESA) in the state of Texas. A MESA is a health benefits plan that is maintained by two or more employers to provide health, disability, and/or other welfare benefits to their employees, retirees, and dependents. The Texas Instructions for Certificate of Authority for Multiple Employer Welfare Arrangement includes information on the following topics: 1) MESA requirements 2) Registration process 3) Filing requirements 4) Reporting procedures 5) Consumer protection 6) Prohibited activities 7) Financial solvency The two types of Texas Instructions for Certificate of Authority for Multiple Employer Welfare Arrangement are: 1) Initial Texas Certificate of Authority for a MESA 2) Renewal Texas Certificate of Authority for a MESA.

Texas Instructions for Certificate of Authority for Multiple Employer Welfare Arrangement (MESA) is a document that allows entities to form a Multiple Employer Welfare Arrangement (MESA) in the state of Texas. A MESA is a health benefits plan that is maintained by two or more employers to provide health, disability, and/or other welfare benefits to their employees, retirees, and dependents. The Texas Instructions for Certificate of Authority for Multiple Employer Welfare Arrangement includes information on the following topics: 1) MESA requirements 2) Registration process 3) Filing requirements 4) Reporting procedures 5) Consumer protection 6) Prohibited activities 7) Financial solvency The two types of Texas Instructions for Certificate of Authority for Multiple Employer Welfare Arrangement are: 1) Initial Texas Certificate of Authority for a MESA 2) Renewal Texas Certificate of Authority for a MESA.

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The multiple employer welfare arrangement aims to provide various healthcare benefits, such as medical, surgical, hospital, or other health benefits. The benefits include providing security for employees in the event of sickness, accidents, disability, death, or unemployment.

As defined by the Employee Retirement Income Security Act of 1974 (ERISA), a Multiple Employer Welfare Arrangement (MEWA) is a group health insurance plan that provides coverage to the employees of two or more employers that are not under common control.

Also described as a "multiple employer trust (MET)," a multiple employer welfare arrangement happens when a group of employers combines their contributions in a self-contributing benefits plan for the benefit of their employees.

?MEWA? stands for ?multiple employer welfare arrangement.? A MEWA is formed when a health and welfare plan provides benefits to employees of two or more employers that are not part of the same controlled group of businesses.

(a) A multi-employer health plan is a plan to which more than one employer is required to contribute, and which is maintained pursuant to one or more collective bargaining agreements between employee organization(s) and the employers.

Pros of MEWAs PROSCONSPredictable, fixed monthly paymentsLack of stabilityProtection of being part of a larger self-funded pool, thereby sharing risk among multiple employersUnlike single-employer plans, MEWAs are often subject to additional regulations under the Employee Retirement Income Security Act (ERISA)3 more rows ?

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This certificate must be obtained from the Florida Secretary of State's office no earlier than six months prior to the date the application is filed. Form M-1 Filing Requirement.(1) For questions on completing the Form M-1, contact the Employee Benefits Security. Specifically, these final rules establish filing requirements and deadlines that apply to MEWAs annually and upon specified events. A biographical affidavit must be completed and filed for each trustee, or officer or director or administrator of the multiple employer welfare arrangement. 3. If a waiver is granted, the MEWA is subject to the division of insurance's full enforcement authority, and the MEWA may operate for 2 years. If a waiver is granted, the MEWA is subject to the division of insurance's full enforcement authority, and the MEWA may operate for 2 years. Each application question must be completed in full. Attach a separate sheet of paper, properly signed, if additional space is needed. MULTIPLE EMPLOYER WELFARE ARRANGEMENTS. 13.19.4.1.

Texas Instructions for Certificate of Authority for Multiple Employer Welfare Arrangement

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