Medical Coverage For Chamber Members!!

New Health Savings Accounts - The Best Program Available to Stem the Tide of Medical Costs

VACE-Cigna Healthcare now offers area employers an IRS-qualified Health Savings Account combination that puts health care choices in the hands of employees. A $2,250 deductible plan that pays 100% of expenses after the deductible is met. Combine it with an employee-managed HSA account and everyone wins. Employer and/or employee can contribute to the HSA account with tax-free dollars. Use it pay medical expenses. Carry any balance toward future medical expenses. Ask our agents !!!!

General Information:

Operated by Vermont's Chambers of Commerce for the benefit of their members. Honest rates determined by the claims experience of those covered by the Chamber program. No under-pricing to expand market share. No extra premium to increase profits. Just the premium needed to pay members' claim and manage the program. Making health care costs manageable for 5,000 of Vermont's working families. Available to Vermont's smallest businesses. (Maximum 50 employees.)

Your Chamber is fighting the war on premium increases. In the past four years, rates in the higher deductible plans have risen an average of less than six percent (6%) annually. Check our history. These increases are still higher than inflation, but well below the industry norm. Compare our current rates...

Rates 2008:

Deductible	SINGLE	TWO-Party	FAMILY	MEDICARE SUPPLEMENT
600	$ 671	$ 1,330	$ 1,788	$ 566
1,000	$ 370	$ 722	$ 964	$ 311
2,500	$ 273	$ 535	$ 757	$ 218
3,000	$ 290	$ 572	$ 806	$ 231
HSA 2,250	$ 270	$ 526	$ 746	$ 214
New HSA 3,500	$234	$454	$643	$186

Contact:

John F. Fricke & Associates 606 VT Route 12A Northfield, VT 05663 (802) 485-6953 1-800-321-6953	Denis, Ricker, & Brown 17 State Street Montpelier, VT 05602 (802) 229-0563 www.drbinsurance.com	Everett Insurance Agency Stephen Everett 50 State St Montpelier, VT 05602 (802) 223-3209
Hickok & Boardman Employee Benefits Group Dain Herring PO Box 1064 Burlington, VT 05402-1064 (802) 865-8055 ~ 800-863-5334 http://www.central-vt.com/web/hickok		Northwestern Mutual Agent William Herbst 5 Carmichael Street, Suite 101 Essex Junction, VT 05452 (802) 229-0814 www.nmfn.com/williamherbst

Prescription Drug

Prescription drugs are administered through RxPrime for CIGNA Health Care. Coverage for the prescription drugs purchased at participation pharmacies are covered at the in network benefit level. Co-pay is 50% of actual cost up to the deductible.

Available through Membership in the Central Vermont Chamber of Commerce.

Enrollment Guidelines:

- All groups must have membership in good standing with the Central Vermont Chamber of Commerce.

- All businesses must be located physically in Central Vermont or aggressively serve the Central Vermont community.

- The group must supply ONE of the following as proof of business.

-Most resent Quarterly Wage Report that was submitted to Vermont Department of Employment and Training.

-Schedule C or similar tax return.

-Federal Tax forms which demonstrated bona fide self-employment.

- Income Guidelines: To be in the VACE plan, you must be a full time active business. Gross income must exceed premium amount for 12 month period.

- The group must supply VACE with proof of prior insurance if applicable.

- Employers need to complete Enrollment Agreement, including:

-Business information(address, contact person)

-Choosing probationary period for new employees or rehires

-Choosing one or two plans for the group

-All groups must complete a census report proving that 75% of eligible employees are participating.

Eligible Employees include the following:

-Full-Time employees working at least 17.5 hours per week or employers definition of full time.

-Eligible Dependents include the following:

-Dependents:

Employees legal spouse

Children to age 19

Students to age 25

Please note: Employees who are covered under their spouses insurance policy, are not considered as part of the 75% participation, but may elect to be covered. If the employee elects not to be covered, you must send a copy of spouse's insurance card.

Employers with 1-3 employees must have 100% participation of eligible employees.

-An enrollment / change form must be completed and signed by each employee, even if the employee is refusing coverage.

Detailed plan and enrollment information can only be obtained through qualified agents, not Chamber staff, please contact one of the agents listed above, or call the Chamber at 229-5711 to have an agent contact you.

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Central Vermont Chamber of Commerce
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CV Chamber / P.O. Box 336 / Barre, Vermont 05641
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