Schmidt + Funk is a complete group benefits brokerage firm. Choosing a Benefit Plan for your business can be confusing. Insurance companies offer a wide range of benefit plans with many different options. Schmidt + Funk can simplify the search for you. We will help determine which coverages will be best for your company. A benefits plan designed and structured specifically for your company will make a big difference with both the physical and mental health of your employees. It will also help attract and retain employees. Our experienced Advisors will provide direction on plan design, choice of carrier or alternative-funding. Maybe you are interested in how a Health Spending Account could work together with your traditional benefits plan? Whether you are looking to see if a benefit plan will fit your budget or you want to compare your current plan to others, we will ‘shop the market’ and give you a complete cost analysis. We will explore and find the best fit for you.
Chamber of Commerce
To pool, or not to pool? That is the question- well the main question at least. Traditionally, your premium amount after your first year with an insurance company will change according to how much your employees are using the plan. With a small business if one person gets sick and uses the plan a lot you could potentially see a large increase in your premiums or your plan could become unaffordable. The Chambers Plan pools your business with all of the other businesses that are part of the Chambers Plan. In a pooled plan, premiums are based on the average of claims across all the participants across Canada. When your claims are bundled together with thousands of similar firms in a pool, costs stay manageable and predictable. No one firm is ever singled out for an increase.