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Retiree Plan for Employees

The Chambers of Commerce Group Insurance Plan has a “Conversion Policy” called CONTINYOU that is available to employees who leave their employment and still wish to continue with a modest level of health and dental coverage. There is also the Retiree Plan for business owners and executives that offers a more comprehensive level of health and dental coverage along with Out-of-Country Medical Emergency Travel Insurance. Both of these polices can provide coverage for the lifetime of the insured.

Effective November 1, 2019, the Administrators of the Chambers Plan introduced a version of the Retiree Plan for retiring Employeeswho are age 50 or older. Retiring employees must have been employed with the firm for at least 5 years prior to their date of retirement and covered with Extended Health Care benefits with prescription drugs for at least 2 years prior to the date of retirement.

This new offering is built upon a single policy design incorporating the following coverage:

  • 80% co-insurance on prescription drugs, to an annual maximum of $10,000;
  • 80% co-insurance on paramedical services
  • 100% co-insurance, 60 days of travel coverage; and
  • 80% co-insurance on preventative and basic dental services; and 50% co-insurance on major dental services, up to a combined annual maximum of $750.

This coverage terminates at age 90, with the exception of travel coverage, which terminates at age 80.

For the full plan design and rates, go to www.chambersplan.ca. At the top of the first page click PLAN MEMBERS and then click Retiree Plan. Near the bottom of the page under the heading “Making the Transition” click Download Employee Plan Brochure PDF. Pages 3 and 4 of the 6 page brochure provide the description of coverage and page 5 provides the rates.


If you wish to know more about the many benefits of the Chambers of Commerce Group Insurance Plan, please call Brian, The Life Insurance Guy at 705.741.1400. You can also view chamberplan.ca.