We offer flexibility when it comes to choosing the right plan design and benefit options to offer your staff. Let’s build a program unique to your needs and budget.
Traditional Coverage Options
Prescription Drug Coverage
A Drug Plan can range from 70% to 100% co-insurance (Coverage). Most plans can also offer direct billing direct from the pharmacy so there are little to no upfront costs to your members.
Dental & Orthodontic Coverage
Choose from Basic Dental services that include: cleaning, fillings, extractions, x-rays, fluoride, scaling, polishing. For additional coverage, a Major Dental option can be added to include restorative services, crowns, bridgework, dentures, inlays, etc. Orthodontic Services can also be added to cover braces.
Extended Health Care
Paramedical Services can cover costs for Massage Therapists, Chiropractors, Physiotherapists, Psychologists, Dieticians, Naturopaths, Acupuncture and more. Additional coverage under this category can be added and could include coverage for ambulance, semi-private hospital rooms, medical equipment & supplies, vision care, as well as emergency travel insurance.
Life / Accidental Death & Dismemberment
Always paired together: guaranteed Life Insurance for qualified members offers plan design choices that can pay out on a flat or “base” amount up to multiples of annual income. Accidental Death & Dismemberment benefits are structured in the same fashion and offer coverage for losses such as loss of limbs, blindness, deafness, or accidental death.
Short Term Disability / Weekly Indemnity will cover your employees for loss of weekly income up to a maximum of 26 weeks. Long Term Disability offers monthly payments to your employees for any long term illness or injury in the event they qualify and can not work.
Critical Illness Insurance
Upon diagnosis of a serious or life threatening illness, a Critical Illness benefit will provide the employee a lump sum tax-free payout once the survival period has been satisfied. (30-180 day survival)
Dependent Life Insurance
Life insurance for eligible dependants under covered plan members. This could include spouse or children. Coverage can range from $5,000 to $25,000.
Additional Coverage Options & Services
Employee Assistance Programs
An Employee Assistance Program can offer assistance to plan members and their dependants that cover initial counselling sessions or help finding the right care providers. This is a confidential service designed to support the employee and aims to support mental health and healthy lifestyles.
Human Resource Information Systems allows employees and employers interact through a simple technology platform or app. This can help manage tasks such as onboarding, HR functions, time tracking, and can even be connected to your benefits administration and payroll making for an easy and streamlined tool to manage your entire team.
Health Spending & Wellness Accounts
Health Care Spending Accounts are pre-set accounts (amount set by the employer) that allow employees to choose how they spend the non-taxable funds. Typically these funds can be used for additional health services or products. Have a look HERE to see what’s covered.
Wellness Accounts encourage employees to live active healthy lifestyles. Different from the above, these taxable funds can be spent on eligible expenses like gym memberships, or even personal development.
Fully Insured Plans Vs. Self Funding (ASO)
Did you know that there are different options for funding your employee benefits plan? When exploring alternate funding methods for your benefits plan, you can choose between a fully insured option or a self funded option; Administration Services Only (ASO). When an ASO option is selected, the business accepts responsibility for the predictable claims and insures the high risk coverage, such as life and disability.
When determining if and ASO funding model is the right fit for your business, we will produce a full benefits study based on your past experience to see if this is a fit. Typically, this is a great option to save money as many other insurance costs related to a fully insured plan are removed. With an ASO plan in place, your business eliminates risk charges, administration costs, reserves, contingency allowance and interest factors.