Cambridge Chamber of Commerce Group Benefit Plan
BGM Financial is the exclusive provider of the Cambridge Chamber of Commerce benefits plan for Chamber members, and we have been administering the Chamber Plan since 1973. Our carrier is Empire Life and the sheer size of the plan makes this one Empire’s largest plans in Canada.
Reasons to join the Chamber Plan:
No minimum company size. Your company is eligible to apply even if it’s a one-person operation. For companies with three or more employees, coverage is guaranteed with no medical questions asked.
No industry restrictions. This includes non-profit and charitable organizations.
Rate stability. Claims are averaged over more than 300 companies like yours. Higher-than-normal claims one year? No need to worry. You won’t be singled out for a higher price increase.
Exclusive Chamber member benefits. Discounted administration costs, higher “target loss ratio” (TLR) than the rest of the industry. In the benefits world, the higher the TLR, the lower the premium.
Local service. BGM is located in Cambridge and most of our staff also live here.
Exclusive affinity programs.
BGM is a member of The Benefits Alliance and the following affinity programs are automatically included with the Chamber benefits plan:
Preferred Pharmacy Networks
TELUS Health
Supports the mental, physical, and financial well-being of organizations and individuals worldwide.
Rexall
Savings on prescription drug costs.
20% off regular price of Rexall private brand products.
Metro
Savings on dispensing fees and drug mark up costs.
Pocket Pills
Pocket Pills offers our clients increased coverage on out-of-pocket drug costs.
Costco
Pharmacy Network Value Plan (PNVP) offered to employees with Great-West Life benefit coverage.
Reformulary
Cost-effective and sustainable drug plan formularies.
Employee Assistance Programs
HumanaCare
Provider of EAPs, Disability Support Services, Medical Second Opinion Services, Eldercare & Chronic Disease Management.
Health, Wellness & Virtual Healthcare Networks
Aurora
Licensed Medical cannabis-based product producer.
Dialogue
Virtual healthcare and Employee Assistance Program (EAP).
Virtual Healthcare
Virtual healthcare, medical and mental health assistance.
TELUS Health
National on-demand virtual healthcare for employee.
Executive Medical Networks
TELUS Care Centres
Formerly Medisys. Executive Medicals, health assessments and personalized programs.
RCM Health Consultancy
Clinical leadership, care coordination and advocacy needed for managing complex patient cases.
Healthcare Spending Account (HCSA)
Human Resource Networks
humaniqa
Online Human Resources expertise, solutions and tools for small to medium enterprises.
Attendance/Absenteeism Networks
CompCall
WSBI and Disability Management.
Additional Network Services
Benchmarking Tool
Benefit and Retirement plan design review and benchmarking tool.
Sadler Actuarial Services
Actuarial services to identify the financial consequences of risk and uncertainty.
Allstate
Employee Critical Illness coverage (no pre-existing conditions and portable coverage).
FYI Doctors
Discounted eyewear and exams.
Cambridge Chamber of Commerce Group Benefit Plan
The Cambridge Chamber of Commerce, in partnership with BGM Financial and Manulife Financial, offers Chamber members a group retirement plan for your organization.
The Manulife Group Retirement program offers the following benefits:
- no cost to the employer for administration
- quick and easy online application and administration
- very competitive investment management fees (IMF’s), much lower than banks, and individual plans by as much as 1%
- top quality investment options for employees including “No Touch”, “Low Touch” and “High Touch” funds
- first class employee services including retirement planning tools
How do my Employees Benefit?
- Low investment management fees (wholesale vs. retail fees)
- Immediate tax savings on all contributions at source
- Member Reward Program - automatic IMF reductions as your balance increases to certain levels beginning at $25,000
- Steps Retirement Program to help you plan for retirement by taking the member though a process to set goals
- 24/7 information and support by Manulife
