10 Things You Should Know About Chambers Plan

The Chambers of Commerce Group Insurance Plan provides employee benefits to over 33,000 business owners in Canada. The Chambers Plan offers affordable and accessible benefits to businesses with as little as one employee. So, here are ten things you should know about the Chambers Plan!

  1. No Minimum Firm Size

    1. The Chambers Plan was introduced to protect small businesses of various sizes. The plan can offer coverage to home-based businesses and growing companies of up to 50 employees

  2. No Industry Restrictions

    1. All for-profit businesses are eligible to participate in the Chambers Plan as long as they are members of a participating Chamber of Commerce or Board or Trade

    2. The Chambers does not believe that your industry should determine your coverage, therefore they can provide the benefit plan that is best for the specific needs of your business and employees

  3. Guaranteed Approval

    1. Firms with as little as one or two employees can choose options with guaranteed coverage

    2. Businesses with five or more employees can choose extensive dental coverage

    3. Groups with ten or more employees can add children’s orthodontics

  4. Guaranteed Renewable

    1. Your business is guaranteed renewable coverage as long as you pay your premiums each month

    2. Chambers makes this easy by offering one automatic payment to renew your Chamber membership and Plan premium

  5. Rate Stability

    1. Claims are averaged over more than 30,000 companies, just like yours

    2. The Chambers uses a pooling concept on health and dental benefit claims

    3. Small fluctuations to a firm’s claims do not automatically factor into the rates giving firms a greater opportunity for rate stability over the long term

  6. Not-For-Profit

    1. Chambers Plan operates under the direction of the not-for-profit Chambers of Commerce Insurance Corporation of Canada

    2. All surpluses are put back into the plan, keeping your premiums low!

If you’re wondering how you can become a Chambers of Commerce Group Insurance Plan member, give us a call! We can help you determine the plan that is best for you.

Disability Guide

There are a number of steps an employer must take when an employee becomes disabled, here is a guide to help you through the necessary actions you are required to take when an employee is off work due to a health or injury disability. 

Weekly Indemnity

  • Contact our service centre immediately
  • Weekly indemnity claims need to be completed no later than 90 days after the date of disability

Long Term Disability 

  • Contact our service centre after 60 days of the date of disability
  • LTD claim forms must be completed after 90 days of the disability

What's Next?

  • An assessor might call to discuss the duties of the insured and a possible return to work date
  • Underwriting will send an edited version of the approval or denial letter for your records
  • If the claim is approved, the plan will waive the disability premiums for the first day of the month following six months of disability

Online Banking in 3 Easy Steps

Setting up the Chambers Plan as a payee through your online banking allows quick and efficient payment of your monthly premiums. 

It can be done in 3 simple steps:

  1. You will need to be registered with online banking 
  2. Set up the Chambers of Commerce Group Insurance Plan as a payee 
    1. Search for the Chambers of Commerce 
    2. Select "Chambers of Commerce Gr.Insurance 
  3. Enter your account number 
    1. Ch + Five Digit Firm Number 
      1. Example: Ch12345

Pre-Authorized Payments:

If you prefer the payments to be withdrawn from your bank account automatically, you can set up a pre-authorized payment plan. Pre-authorized payments will you time, postage, and the stress of payment deadlines. 

If you are a client who is interested in setting up Pre-authorized payments, please complete the form below and return it to our office. 

 

 

What Is Critical Illness Coverage?

There are often a number of financial stresses associated with surviving a health crisis; loss of wages, travel to and from medical treatments, and home modifications can greatly increase your cost of living as you deal with your illness. 

Critical Illness insurance is designed to ease financial pressures by paying a tax-free lump sum if you become seriously ill. The Chambers of Commerce Group Insurance plan can pay up to $50,000 for employees and/or spouses who receive a diagnoses of a serious conditions. This payment can be used however the plan member decides, there are no restrictions placed on how the money is used. 

Some of the illnesses covered by Critical Illness insurance include: 

  • Cancer
  • Heart Attack 
  • Parkinson's Disease 
  • Multiple Sclerosis
  • Major Burns 
  • Coma
  • Speech Loss 
  • Coronary Bypass 
  • Stroke
  • Kidney Failure 
  • Paralysis 
  • Deafness 
  • Blindness

To learn more about Critical Illness Insurance, please visit

:http://www.chamberplan.ca/benefit-facts/98-critical-illness-coverage-to-help-you-recover

Group Benefits are still an option over the age of 65

Due to the economy, or personal choice, more and more employees are choosing to work past the age of 65. As the workforce changes we aim to change along with it, which is why employees who have surpassed the traditional age of retirement are still able to receive group benefits. 

The Chambers of Commerce Group Insurance Plan allows your company to apply for Group benefits once you have been in business for six months. Each plan is customized to suit your needs.

 coverage for employees from 65-80 can include

  • Health care - including prescription drug, ambulance ad semi-private hospital coverage
  • Emergency Medical Travel - the first 90 days of trips for certificate holders age 65-69, 60 days for certificate holders age 70-74, and 30 days for certificate holders age 75-80 
  • Life benefits with Accidental Death & Dismemberment payments 
  • Dependent Life coverage for spouses and dependent children 
  • Dental benefits
  • Best Doctors - access to worldwide medical specialists for diagnostic and treatment planning services 
  • Preferred Vision eye wear and hearing devise purchase discounts
  • Health Access telephone line offering information on health, nutrition and regional resources
  • Employee Assistance Service - counselling services for confidential help dealing with personal issues 
  • Business Assistance Service - providing owners access to legal, accounting and human resource services. 

If you or someone in your company is considering working past the age of 65, it is important to ensure that they are provided with valid coverage on your group plan. The Chambers of Commerce Group Insurance Plan will work with you and your company to provide the best coverage to every employee at your firm.