Chamber announces new universal health care plan – Oops! Bermuda not Barbados…

Bermuda’s Chamber of Commerce announced the introduction of their new universal health care plan, aimed at significantly reducing the cost of major medical insurance for their small to mid-size members.

In making the announcement Chamber Executive Joanne MacPhee noted “We are delighted to have partnered with local insurers, Freisenbruch Meyer Group to offer our members access to affordable group health care.

Health insurance is a major cost to employers, and is increasingly more difficult to manage in a tough economy.

By joining forces, our members are now able to in many instances, to achieve significant cost savings when compared to individual plans.”

Bermuda’s Chamber plan includes individual access to group rates, with a waiver of pre-existing conditions for the first three months of enrollment. The basic plan includes local and overseas care, prescriptions, and air evacuations. Comprehensive dental and vision care are also available under the plan.

Bermuda’s Chamber is exceedingly proactive for their members, will Barbados’ Director and her Executive be as innovative or vigorous? The protection for Bermudian members and their staff will be implemented rapidly;- “The plan, which will be administered entirely by the Freisenbruch Meyer Group, comes into effect November 1st, although it is anticipated that most interested members will sign on with effect December 1st.

In addition to the group health policy, Freisenbruch-Meyer Group is also offering Chamber members the opportunity to participate in a Preferred Customer Affinity Programme, offering preferential rates on all other personal and professional lines of insurance.

The primary purpose of the plan is to offer existing members added value but there is also an expectation that the plan will attract new members as businesses seek to reduce their overheads without necessary reducing employee benefits… {Full story from Bermuda Sun, HERE}

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