Question

Small employers who are sponsored by an insurer to provide group benefits to its employees are called

Fraternal Benefit Society
Surplus lines brokers
Lloyd of London
MEWA

Answer 1

Small employers who are sponsored by an insurer to provide group benefits to its employees are called MEWA (Multiple Employer Welfare Arrangement). MEWA is an arrangement that allows small employers to collectively offer benefits to their employees. It is a type of self-insurance where multiple employers share the risk and administrative responsibilities.

Step-by-step explanation:

Small employers who are sponsored by an insurer to provide group benefits to its employees are called MEWA (Multiple Employer Welfare Arrangement).

MEWA is an arrangement that allows small employers to collectively offer benefits to their employees. By pooling together, small employers can gain access to more affordable health insurance options for their employees. MEWA is a type of self-insurance where multiple employers share the risk and administrative responsibilities.

It is regulated by state laws and provides an alternative for small employers who do not have the resources to offer individual health insurance plans.