Chamber Spectrum Benefits
Staff Report From Valdosta CEO
Wednesday, April 3rd, 2019
What is Chamber Spectrum Benefits? Chamber Spectrum Benefits is a collaboration between the Valdosta-Lowndes Chamber of Commerce and Taylor Insurance to provide affordable health benefits to small and mid-size businesses who MAY not be able to provide affordable and quality health benefits to their employees otherwise. This is possible by underwriting them and rating them as if they were large businesses under the umbrella of the Valdosta-Lowndes Chamber. The business must be a member of the Valdosta-Lowndes Chamber of Commerce and have two or more employees to qualify.
Chamber Spectrum Benefits will provide an opportunity for businesses in Valdosta-Lowndes County to offer a comprehensive, ACA-compliant health insurance program that provides cost saving for the employer and employee. Chamber Spectrum Benefits offers the “traditional” plans that people are accustomed to receiving. There is no maximum number of employees; however, all businesses must be a member of the Chamber.
More than 400 employees in the Valdosta-Lowndes community are covered under the Chamber Spectrum Benefits program, and have experienced a savings of over $1 million. That is money that is being saved by local businesses and employers to hire new employees and keep skilled employees. Several businesses have received savings as much as 300-500 percent.
Chamber Spectrum Benefits offers an integrated wellness benefit. This benefit help an individual earn up to a $500 credit off his/her deductible for completing a wellness initiative centered around improving an employee’s health behaviors.
The Chamber and Taylor Insurance will continue to build awareness with all business in Valdosta-Lowndes County and the surrounding counties that are searching for exceptionally affordable health benefits.