POTTSBORO, Texas – The Pottsboro Area Chamber of Commerce today announced new health insurance plan options for small business members. This was made possible by Association Health Plan rules issued by the U.S. Department of Labor (USDOL) in July 2018. The Chamber and our Affiliated partners have accomplished this in time for the effective coverage date for the new North Texas Employer Health Plan Cooperative as open enrollment for groups begins on November 1.
“The opportunity for this new flexibility is due to an Executive Order issued last fall by the White House that allows for the creation of Association Health Plans for small employers with 50 or fewer employees. Those regulations were finalized in late June,” said Executive Director Chaston. “Using the efforts of the Lubbock Chamber who actively urged and provided input into this new rule, we have followed their lead and worked diligently to explore solutions we could bring to small businesses in all of North Texas without delay.”
The Chambers have regularly expressed the healthcare related concerns and needs of small businesses in Texas with our Congressional delegates, who also applauded the new USDOL rule.
Under the new rule, small businesses can enjoy the flexibility that large businesses have under the Affordable Care Act by pooling together through a geographical region. Until now, small businesses have been under more stringent Affordable Care Act regulations than large businesses.
The new North Texas Employer Health Plan Cooperative has worked closely with an insurance carrier partner, who has recently shared the news with their agents. Several Chambers have partnered to create a cooperative that will benefit small businesses, which makes up nearly 80% of our economy.
“The Chamber has carefully and thoughtfully evaluated our options on behalf of our members, to whom we know we are accountable for finding the best solutions for the issues that keep them up at night,” said Chaston. By working with other Chambers in North Texas, we can create a strong option for small business.
Texas Chambers have provided detailed input to the U.S. Department of Labor on Association Health Plan regulations earlier this year and in May, traveled to Washington D.C. to discuss the importance of this issue with Senators John Cornyn and Ted Cruz and organizations such as the U.S. Chamber of Commerce.
The Pottsboro Area Chamber of Commerce creates opportunities to connect businesses with community and promotes economic growth and tourism.
For more information contact the Chamber or your insurance agent (must be a Chamber Member)