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Medical Coverage
For Chamber Members!!
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Quality Coverage | Competitive Rates | New HSA's
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 $2,250 deductible plan that pays 100% of expenses after
the deductible is met. Combine it with an employee-managed HSA account
and everyone wins. Employer and/or employee can contribute to the HSA
account with tax-free dollars. Use it pay medical expenses. Carry any
balance toward future medical expenses. Ask our
agents !!!!
General Information:
Operated by Vermont's Chambers of Commerce for the benefit of their
members. Honest rates determined by the claims experience of those covered
by the Chamber program. No under-pricing to expand market share. No
extra premium to increase profits. Just the premium needed to pay members'
claim and manage the program. Making health care costs manageable for
5,000 of Vermont's working families. Available to Vermont's smallest
businesses. (Maximum 50 employees.)
Your Chamber is fighting the war on premium increases. In the past
four years, rates in the higher deductible plans have risen an average
of less than six percent (6%) annually. Check our history. These increases are
still higher than inflation, but well below the industry norm. Compare
our current rates...
Rates 2008:
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Deductible
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SINGLE
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TWO-Party
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FAMILY
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MEDICARE SUPPLEMENT
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600
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$ 671
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$ 1,330
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$ 1,788
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$ 566
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1,000
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$ 370
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$ 722
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$ 964
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$ 311
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2,500
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$ 273
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$ 535
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$ 757
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$ 218
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3,000
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$ 290
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$ 572
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$ 806
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$ 231
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HSA 2,250 |
$
270 |
$
526 |
$ 746 |
$ 214 |
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New HSA 3,500
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$234
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$454
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$643
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$186
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- Contact:
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John F. Fricke & Associates
606 VT Route 12A
Northfield, VT 05663
(802) 485-6953
1-800-321-6953
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Denis, Ricker, & Brown
17 State Street
Montpelier, VT 05602
(802) 229-0563
www.drbinsurance.com
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Everett Insurance Agency
Stephen Everett
50 State St
Montpelier, VT 05602
(802) 223-3209
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Northwestern Mutual Agent
William Herbst
5 Carmichael Street, Suite 101
Essex Junction, VT 05452
(802) 229-0814
www.nmfn.com/williamherbst
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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
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- -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.
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- Employers with 1-3 employees must have 100% participation of
eligible employees.
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- -An enrollment / change form must be completed and signed by each
employee, even if the employee is refusing coverage.
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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.
Additional Area Information:
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Central Vermont Chamber of Commerce
Used with Permission © 2008.
All rights reserved.
CV Chamber / P.O. Box 336 / Barre, Vermont 05641
WebMaster: (802)-229-4619
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