Preview

SB/A CoOp

People Meeting Around a Table

The SB/A CoOp was formed in 2017 as a Non-Profit “AGENCY” Cooperative Corporation to provide for Employer/Employee health care benefits in the small and large Group Employer marketplace. Each group employer CoOp Member can sponsor a Partially Self-Funded ERISA Employer Welfare Benefit Plan for the benefit of its Employees and their Dependents. Called the The Freedom Plans, it is an ERISA health plan for sponsoring employers offered in conjunction with a Minimal Essential Coverage (MEC) Plan. The employer’s claim exposure is protected via an “Aggregate Stop Loss Fund (ASLF)” owned by the SBA CoOp Employer Members. 

Nearly 70% of employees who have health coverage in the U.S. are now enrolled in some sort of self-funded plan and why that number is growing – they work.

Today’s health benefits landscape is more challenging for employers to navigate than ever before. Yet, there’s a reason why nearly 70% of employees who have health coverage in the U.S. are now enrolled in some sort of self-funded plan and why that number is growing – they work. It’s that simple. Companies of all sizes and types, including public entities, are finding this to be true as they make the switch from the more limited fully-insured plans to the added flexibility and customizable health benefit options self-funding offers. We offer 4 plan options which are illustrated in this document. 

The SB/A CoOp is as a Non-Profit “AGENCY” Cooperative Corporation that does not buy or sell products or services but acts as the “Legal Collective Agent” of all the Cooperative Members to facilitate advantageous contractual relationships for and between the members. The SBA CoOp may legally “aggregate” small employers together without becoming a Multiple Employer Welfare Association (MEWA) or acting as a Multiple Employer Trust (MET). The SBA CoOp will sponsor the unique ERISA Supplemental Health Care Plans that are ACA qualified when offered in tandem with a High Deductible Health Plan (HDHP) or a Minimum Essential Coverage (MEC) Plan.

Back to: SB/A Freedom Protect Plans Training Tutorial > Regulatory Attributes of the SBA Freedom Protect Plans