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Multiple Employer Trust Amendment

Multiple Employer Trust Amendment 2025

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The document outlines the approval and details of the Multiple Employer Trust Amendment (AMEND-MET(06/2012)) submitted by National Guardian Life Insurance Company for use in Arkansas. It includes information about the filing, its purpose to amend existing health insurance policy forms for employer group trusts, and specifies the terms related to premiums, termination of coverage, and definitions relevant to the trust. The amendment is intended for various employer group trusts and was approved on June 21, 2012.

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What does multiple employer trust mean in insurance?

A multiple-employer trust (MET) is a trust formed by a group of more than ten employers within the same field. By joining the trust, employers can minimize the tax implications of providing benefits such as life insurance to their employees and purchase group insurance at a reduced cost.

What is a multiple employer welfare arrangement?

MEWA stands for multiple employer welfare arrangement. A MEWA is formed when a health and welfare plan provides benefits to employees of two or more employers that are not part of the same controlled group of businesses.

What is a multiple employer health plan?

A multiple employer plan is a plan maintained by two or more employers who are not related. For more on these plans, see Internal Revenue Manual Section 7.11. 7. See Determination, opinion and advisory letters for more on applying for a determination letter.

What is an example of a mewa?

In some cases, the formation of MEWA is intentional, such as when employers in a professional trade or business association join together so that they can obtain group insurance benefits at better prices than they could as individual small employers.

What is a multiemployer trust?

A Multiple Employer Trust (MET) is a legal trust created by a plan sponsor to bring together a group of small, unrelated employers to provide group medical coverage on a self-funded or insured basis. Like Health Plan Purchasing Cooperative, small businesses typically use MET plans.

What is a multiple employer trust policy?

A legal trust established by a plan sponsor that brings together a number of small, unrelated employers for the purpose of providing group medical coverage on an insured or self-funded basis. Not quite a Health Plan Purchasing Cooperative, but along the same lines.

What is the difference between multiemployer and multiple employer plans?

What is the minimum number of similar employers permitted by the IRS to form a multiple employer trust ( MET ) for the purpose of offering an employee benefit plan? Heres the best way to solve it. The IRS permits a minimum of two similar employers

Multiple Employer Trust Amendment 2025

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