A new government mandate is pushing employers to join cost-sharing coops to help pay for health insurance benefits.
These tax-free co-ops can be created to include several companies within the same industry, with employers pooling cash in a trust fund on behalf of their employees. Money from the trust is used to pay for health insurance premiums for multiple companies, which allows employers to get better benefits for less money while spreading out risk, experts say.
‘“There’s been significant growth in the formation of these trusts, especially since the first of the year,” said Jeff Van De Moere of MVI Administrators Insurance Solutions’ – an excerpt from the February 15, 2016, San Diego Business Journal. Click the Link for the Full Article