As today’s small businesses are searching for cost-saving health coverage options. The Georgia Chamber of Commerce is addressing this need by offering a new solution that can lead to more rate stability and offers potential savings for groups with 2 to 50 eligible employees. The Georgia Chamber has teamed up with Anthem Blue Cross and Blue Shield (Anthem) to administer the Georgia Chamber SMART Plan (SMART). This plan allows smaller employers to join together to share in the overall claims risk. By being part of a larger, self-funded pool, employers have financial protection backed by Anthem.
Overview
WHAT IS THE CHAMBER SMART PLAN?
The Georgia Chamber SMART Plan is a self-funded trust that is established or maintained for the purpose of offering group insurance. It is governed by Trustees and By-Laws that satisfy the Georgia Department of Insurance (DOI) requirements.
HEALTH AND WELLNESS PROGRAMS
With programs such as 24/7 Nurse Line, Online Wellness Toolkit, My Health Advantage, Case Management, and many more being included, you can be secure in knowing that your employees will always be taken care of.
WHY CHOOSE SMART PLAN OVER ACA?
This alternative self-funded solution could be a good fit for you because it offers competitive rates, a rating methodology similar to pre-ACA rating, predictable payment structure, flexibility in choice of benefit plans, Anthem-backed, Open Access POS network and Essential RX Formulary, provides coverage down to 2 enrolled employees, and in 2019 the SMART Plans are replacing the current Balanced Funding product offerings in the 2-50 markt.