- A multi-employer health plan is a type of group health insurance plan that is jointly sponsored by multiple employers and a labor union. These types of plans are commonly found in industries with a high number of unionized workers, such as construction and manufacturing.
- One of the main benefits of a multi-employer health plan is that it allows participating employees to move between employers within the same industry and still maintain their health insurance coverage. This can be particularly beneficial for workers who may not have a long tenure with a single employer.
- In a multi-employer health plan, the participating employers and the labor union work together to negotiate the terms of the plan with insurance carriers. This can often result in more favorable rates for plan participants compared to what they might be able to secure on their own as an individual.
- It’s important to note that not all multi-employer health plans are the same, and it’s important for participants to carefully review the terms of their plan to understand what is covered and any potential limitations.
- Overall, multi-employer health plans can be a valuable source of healthcare coverage for unionized workers and can provide a level of stability and security for workers who may move between employers within the same industry.
