Group Benefit Insurance

With our Group Advantage benefit plan, you can offer your employees essential group health, dental, life, and disability insurance, ensuring their productivity and well-being. A strong employee benefits package can also help attract and retain top talent for your organization.

This comprehensive and affordable group health insurance plan is tailored for businesses with more than 3 employees. Our streamlined application process allows you to focus on your business without significant disruptions.

As we collaborate with various companies, here are the extra benefits they offer:

Customizable Group Insurance Plans

Select from pre-designed plans that are ideal for small businesses:

• Provide your employees with health, dental, vision, and prescription drug coverage, along with access to an Employee & Family Assistance Program.
• Introduce flexibility with a Health Spending Account (HCSA), offering a set amount for each employee to cover eligible expenses beyond their plan coverage.
• Ensure peace of mind with life and disability benefits, protecting employees and their families.

Simplifying Health Benefits for Employees

Pharmacies, dentists, and health practitioners can bill us directly for covered expenses, eliminating the need for employees to submit claims. When direct billing isn’t available, employees can easily submit their claims online and opt for direct deposit for quicker reimbursements.

Tailored Group Health Insurance Plans

Choose from three health plan options and, if desired, three dental plan options. For added security, consider Group Advantage Plus for life and disability insurance. Select the combination that best meets the needs of your business and employees.

Understanding Health Care Spending Accounts (HCSA)

An HCSA introduces flexibility to your benefits plan, allowing you to cover a wider range of expenses while only incurring costs when the account is utilized.

HCSAs provide non-taxable supplemental coverage to standard health and dental plans. Employees can use their HCSA for:

• Paying deductibles and any additional costs such as co-pays or co-insurance.
• Covering extra expenses for benefits once the maximum has been reached.
• Paying insurance premiums for their own health plans for additional coverage.

For a complete list of eligible non-taxable medical expenses, refer to the Canada Revenue Agency website. Examples include prescription eyeglasses, medications, and dental services.

How It Works

As an employer, you determine the annual HCSA amount for each employee, starting at a minimum of $250, which can be increased in $50 increments up to a maximum of $15,000 per employee. You can also set different amounts for various employee categories, such as owners and managers (Class A) versus other staff (Class B).

Once the HCSA is established, employees submit claims for reimbursement like any other benefit. We will review the claims for eligibility, reimburse the employee, and then invoice you monthly for the total claims plus a 10% administrative fee. Taxes may apply, and there’s a minimum annual administration fee of $100 per policy year.

Each year, the HCSA amount resets for employees, and you have the option to adjust the amount during plan renewal.