Chambers Plan Renewal

CHAMBERS PLAN RENEWAL

2023

We're here to guide you through your 2023 benefits plan renewal!

Your Chambers Plan benefits renewal is coming up on April 1st. Whether this is your first renewal or you're a seasoned pro, we have tips and information to help you prepare.

Did you know we love to buy you coffee?

We love to hear from you and are happy to meet in person or by video call! If you have any questions about your renewal, would like to revisit your current plan, or want to learn more about the services included with your coverage, don't hesitate to reach out. As your benefits Advisors at Clear View Insurance, we're here to help you have a better insurance experience.

Book a call or meeting with your Advisor.

UNDERSTANDING POOLED RENEWALS

April 1 marks the annual renewal of all Chambers Plan clients simultaneously. This happens because all of the firms across Canada are pooled together to stabilize rates and ensure that the risk is spread across more than 31,000 businesses just like yours.

Your health and dental rates will adjust to reflect claims usage and demographic changes. If your plan is fully pooled (typically less than 10 employees), you share the same renewal as everyone else with your benefit options. If your firm is partially pooled (typically more than 10 employees) your renewal will be calculated partially by the whole pool and partially by your claims. If your benefits are partially pooled, renewals are typically significantly better than typical traditional plans.

In addition to this newsletter from your Advisor's office, you can expect to receive a renewal newsletter from Chambers Plan by mail and e-mail. To view your new premiums, log in to my-benefits with your Administrator access and download the Employee Benefit and Premium Summary from the home page on March 1st.

PLAN RESOURCES

For Administrators and Owners

Plan Administration Checklist with Top Tips and

the Chamber's Plan Administration Guide

Clear View Insurance has a comprehensive Plan Administrator Checklist for owners and managers that reviews important plan information. Review this checklist every 6 months, especially at renewal, to make sure your plan is optimized.

Ensure you have the most current tools to support your role as an Administrator. Get your copy of the checklist below. The Administration and Claims Guide can be found on the homepage in my-benefits.

DOWNLOAD YOUR COPY OF THE CHECKLIST

EMPLOYEE MENTAL HEALTH

Demand for counselling and support services continues

Claims for prescription drugs, counselling services, and absences from work related to mental health concerns have continued to remain high following the pandemic.

In response to the ongoing need for mental health resources, Chambers Plan launched two new programs in 2022, built into the existing group benefit offering, with the focus on whole person, proactive care at the forefront.

Read more about Teladoc myStrength and

the Mental Health Navigator.

WHAT CAN YOU DO TO ENSURE EMPLOYEES ACCESS THE SUPPORT THEY NEED?

ensure you have the Employee Assistance Program included in your group benefits offering
access the supports for owners and managers available through your EAP or through Business Assistance Services if you think an employee is struggling
inform staff of the new Teladoc Mental Health Navigator service
share information about the myStrength app - free for employees
post brochures related to your group benefits in a common employee space - whether physical or virtual - as a reminder of the services included in the group benefits plan

Ask your advisor for more information about the mental support services you already have in place or adding an EAP to your benefit plan.

KEEPING DATA CURRENT

The importance of keeping employee information up-to-date

It is important that employee information is kept current with Chambers Plan because changes to income or family status may affect an employee's coverage and premiums. Renewal is a great time to double check your current enrollment.

*Overage dependents that don't provide proof of attending post-secondary will get removed from the plan, but the family's premiums don't always automatically adjust.

ADDITIONAL COVERAGE

Plan options that can added to group benefit coverage

Chambers Plan offers a Health Spending Account option that can be added to your existing group benefit coverage. An HSA allows you to:

Top up extended health and dental coverage - to cover expenses not covered by the plan
Help employees plan for large medical bills- by accruing amounts in their HSA
Set a limit to how much can be claimed

Download an overview of the Chambers Plan HSA option.

An individual health crisis can involve on-going expenses not covered by disability or health benefits.

Chambers Plan offers comprehensive Critical Illness insurance for a low monthly premium. CI helps an employee meet the financial demands that often accompany a significant health change such as the cost of personal care, home retrofits or other personal expenses which are not covered by base insurance or LTD.

Book a call with your Advisor to discuss the comprehensive CI benefit that is available.

Thank you for trusting us with your business group insurance needs!

If you have any questions about your renewal or your plan, don't hesitate to reach out to us.

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