Christian Brothers Launches Large-Scale Health Insurance Program
Apr 28, 2015—Christian Brothers Automotive (CBA) recently announced that it will offer a new large group health care plan platform designed to meet the health care coverage needs of its franchise owners and their employees.
The newly customized health care plan created a large group plan comprised of many individual participating owners that offers plan options similar to plans previously available only to employees of larger corporations. The CBA health care plan platform features four major medical plan options, as well as numerous supplemental insurance plans that owners can choose from to meet their specific insurance needs. While participation in the plan is not mandatory, 65 percent of Christian Brothers Automotive franchise owners have already enrolled in the plan.
Christian Brothers helped its franchise owners form a Multiple Employer Welfare Arrangement (MEWA), which allows franchisees, who are independent small business owners, to expand their risk pool by choosing to join a particular plan. The pooled risk helps lower premium costs and makes it easier for owners and their employees to afford better coverage.