The Peabody Area Chamber of Commerce strives to offer our members access to the highest quality medical, dental, disability and life insurance plans for the business community. There have been more changes to the health insurance industry in the past 2-3 years compared to the 20 years preceding it. We understand it is the biggest cost to employers (after salaries) and this high cost can often dissuade entreprenuers from striking out on their own.
The Peabody Area Chamber of Commerce offers member businesses access to the Chamber Health Co-Op which makes health insurance more affordable for small businesses and includes many other benefits. The Chamber Health Coop is a collaboration of small businesses, created to offer more affordable health insurance rates – while also providing important wellness benefits for its members. The Chamber Health Coop is open to any small business with 50 or fewer full-time employees and is a member of one of the Peabody Area Chamber of Commerce.
The MA Health Connector is the same as the insurance 'exchanges' that became available in other states this month as part of the Affordable Care Act. The MA Health Connector is the same as the insurance 'exchanges' that became available in other states this month as part of the Affordable Care Act.
You may qualify for help paying for insurance if your income and household meet certain criteria, i.e. if you are single and make less than $46,000 annually or a family of 4 with an income of $94,000 annually.
If you are a small business owner, the Health Connector can provide a tax credit for up to 50% of health insurance premiums and a Wellness Rebate for 15% of health insurance premiums. You can contact the Health Connector directly at www.MAhealthconnector.org or work directly through your insurance broker.
Finding Affordable Insurance
A selection of HMO and traditional health insurance plans, as well dental and disability are available, outside of the programs mentioned above. Insurance plans range from less expensive plans, with limited coverage, to more costly plans with expanded coverage. Each insurance plan has established guidelines for eligibility and costs.
A certified insurance broker can help you find the best plan, coverage and rates for your budget. Please contact the Peabody Area Chamber of Commerce for a referral at 978-531-0384.
The Peabody Area Chamber of Commerce does not set the insurance rates, nor can quote rates, and assumes no responsibility for increases that may occur.