The MHP is regulated by the Texas Department of Insurance (TDI) and Arkansas Insurance Department (AID). These state regulators monitor the MHP to ensure appropriate surplus is available to cover unforeseen risk and protect its solvency. The MHP also maintains stop-loss insurance to provide additional protection to plan participants. You can feel confident about the stability of the MHP as it is closely monitored by the Internal Revenue Service, The Department of Labor, the TDI, and the AID.
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The MHP is a health benefits trust for Texas and Arkansas law firms that helps employer groups and their employees manage the increasing cost of health care benefits. With the MHP, businesses like yours are combined together to pool their risk as one large group. This helps to reduce administrative fees and gives you access to a wider variety of health plan benefits.
Texas Professional Services Providers Benefits Trust is a member-owned, self-insured fully assessable Multiple Employer Welfare Arrangement.
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