West Virginia Small Business Plan - The West Virginia Small Business Plan allows small businesses access to the buying power of the Public Employees Insurance Agency (PEIA). Through a private-public partnership between the West Virginia Public Employees Insurance Agency (PEIA) and insurance companies that choose to offer the plan, the West Virginia Small Business Plan allows participating carriers to access PEIA’s reimbursement rates, enabling the new small business coverage cost to be reduced significantly. PEIA is the largest self-insured plan in the state, providing insurance to public employees in state agencies, state universities, and colleges, as well as county boards of education. The Small Business Plan has similar goals to group purchasing arrangements because it builds on the buying power of a large group. Program enrollment began in January 2005 and, as of the Fall of 2006, more than 1,200 were enrolled, representing 300 businesses.
To learn more about this initiative, read SCI's Profile in Coverage.
