New Chamber Insurance Programs. (Member Advantage).The Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. Area Chamber has two new insurance programs to help combat the double-digit rate increases in Workers' Compensation workers' compensation, payment by employers for some part of the cost of injuries, or in some cases of occupational diseases, received by employees in the course of their work. coverage and the rising costs of healthcare. These two programs are in place just in time to offer your business some relief from the increased rates that you may encounter with your January 2002 renewals. The Chamber is able to leverage its group purchasing power Purchasing Power 1. The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy. Purchasing power is important because, all else being equal, inflation decreases the amount of goods or services you'd be able to purchase. 2. to offer more competitive rates for member businesses. These exclusive programs are another privilege of membership with the Los Angeles Area Chamber of Commerce. Workers Compensation Many businesses are already struggling to find affordable Workers Compensation insurance that will not cripple crip·ple n. One that is partially disabled or unable to use a limb or limbs. v. To cause to lose the use of a limb or limbs. their 2002 budget. The Arrowhead arrowhead, any plant of the genus Sagittaria, widely distributed marsh or aquatic herbs of the primitive family Alismataceae (water-plantain family). The name derives from the arrowhead-shaped leaves of many species. Group of Companies, using an "A" rated carrier, underwrites the Chamber's Workers Compensation program. In today's highly volatile marketplace, this program provides you with another option when shopping for affordable rates. We encourage you to investigate all Workers' Compensation options. If you desire additional information or would like a quotation, contact your insurance broker and ask for the Chamber's Arrowhead program, or contact Brian Logue at (213) 680-7566 or brianl@lachamber.org. Healthcare Insurance California's businesses have also been hit with increased rates on healthcare insurance. In an effort to help its members find one-stop affordable health and ancillary insurance, the Chamber has developed a comprehensive insurance package that has a wide product offering for greater appeal and greater cost savings. The Chamber's program includes health, life and disability insurance along with cafeteria plans Cafeteria Plan An employee benefit plan that allows staff to choose from a variety of benefits to formulate a plan that best suits their needs. Also known as "cafeteria employee benefit plan" or "flexible benefit plan". and worksite programs. The health insurance offering includes group medical, dental, vision and prescription drugs prescription drug Prescription medication Pharmacology An FDA-approved drug which must, by federal law or regulation, be dispensed only pursuant to a prescription–eg, finished dose form and active ingredients subject to the provisos of the Federal Food, Drug, . Life insurance plans cover group life, accidental death and supplemental life. Disability includes group short term and long term coverage. The cafeteria plans will host premium conversion plans, medical reimbursement and dependent care reimbursement accounts. The worksite programs include accidental, cancer, heart & stroke, hospital & intensive care, major illness coverage and a pre-paid legal plan. |
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