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.

Coordinating Health and Dental Benefits

Coordinating benefits is common with health and dental plans; it allows employees and their dependents to make the most of their plans by combining benefits to receive 100% coverage on prescriptions and/or health and dental procedures. 

If an employee and his/her spouse both have coverage, the claims should go through the patient's plan first. Any expenses that are not covered by the patient's plan can then be submitted to the spouse's plan along with an explanation of benefits from the initial claim.

If the employee and his/her spouse have dependants, the claim goes through the plan of the parent whose birthday falls earlier in the calendar year, then to the other parent along with an explanation of benefits.  

When parents are divorced or separated, the dependant's claims should be submitted in this order: 

  1. The plan of the parent with custody 
  2. The spouse of the parent with custody 
  3. The parent who does not have custody
  4. The spouse of the parent who does not have custody

Coordinating benefits can help employees to save money on health and dental claims and ensure that they are receiving the most amount of coverage available to them. 

Advisor Advantage

Have you spent hours of your own time shopping for an employee benefits program only to find yourself getting lost in the industry speak? We know it's difficult to make sense of insurance terms, to find reasonable pricing, and to find a company you trust. 

We like to help our clients make sense of the industry by providing them with trustworthy numbers and reliable advice. 

Lots of people don't realize that we are a brokerage and we are here to shop the market for you - so let us do the heavy lifting while you sit back, relax, and choose a plan based on the work we've put in! 

One Stop Shop

We want to help you find the best deal and the best plan to suit your unique needs. Let us shop the market and put together an easy to read comparison so you don't have to!

Claims Solutions

we can help you fix those tricky claims issues that might be difficult to understand. A lot of the time, a claim hasn't actually been denied, but rather put on hold. We will help you determine how to get things moving along.

 
Friendly and Familiar

Wish you could call your insurance company and talk to an actual person rather than a pre-recorded message? We can help with that! Tell us your problems and we will talk to head office to help you solve them! 

 

The most important part of our job is to help you in any way we can - please call our office if you have any questions, concerns, or you'd just like to know a little bit more about your group plan! We're happy to chat or to set up a meeting with you.