What does MEW stand for in the context of insurance?

In the context of insurance, MEW stands for Multiple Employer Welfare Arrangement. This term refers to a type of employee benefit plan that is maintained by two or more employers to provide welfare benefits, such as health care, to their employees. It is typically used by small businesses that come together to form a group to access benefits they might not be able to afford individually.

This arrangement allows economies of scale for employers, reducing costs and providing broader health plans to their employees. It's also significant in terms of compliance and regulatory considerations, as MEWAs may face different regulatory requirements compared to single-employer plans.

The other terms presented do not align with this specific definition used in the insurance industry, as they reference organizations or arrangements unrelated to welfare benefits or employee plans.