CT Insurance Brokers has partnered with the Chambers Plan to serve as the latter’s exclusive advisor to clients in Scarborough, Ontario.

The Chambers Plan’s benefits solution is designed for small businesses composed of 50 employees or less. The company says it is an alternative for small business employers interested in providing employee benefits without the unstable rates and limited value of other, similar plans.

Unique to the Chambers Plan is the way employees own their own benefits; those who paid more in premiums than they spent in benefits will have the surplus go back into the plan, keeping their rates down.

The Chambers Plan is run on a not-for-profit basis, with premiums set to cover the cost of the Plan’s benefits and the administration, a release said. The plan is also customizable, allowing employers to select a number of benefits options such as health, prescription drugs, dental, life insurance, critical illness, long term disability and more. It also includes the option of adding a Health Spending Account (HSA) for employers who want to offer additional coverage, but with added flexibility for employees.