Comprehensive Group Benefits and Wellness Solutions for Your Business
Group Benefit ServicesDental Care
What does Group Dental Insurance cover?There are three types of Group Dental Plans:
Basic Dental Services
Major Restorative Services
Orthodontic Services
Extended Health Care
What are extended health care benefits?Extended health benefits, sometimes known as major medical benefits, are typically part of group health insurance plans. These benefits are designed to cover medical services and treatments that fall outside the scope of provincial health care coverage such as:
Paramedical Services
Medical Supplies
Vision Coverage
- Eye exams
- Prescription glasses
- Contact lenses
- Hospital Coverage
- Travel Insurance
- Ambulance transport services
- Accidental dental
- Private duty nursing
Group Life and Critical Illness
What do group life, dependent life, and critical illness insurance cover?Employee Basic Life Insurance
Choose the right coverage amount based on your employees’ needs
Dependent Life Insurance
Pays a benefit to the employee if a covered spouse or dependent child dies
Critical Illness Insurance covers
Short Term & Long Term Disability
What are the different types of Group Disability Insurance?Short-Term Disability
This insurance protects employees from income loss due to accidents or illness outside the workplace for a short period of time.
Long-Term Disability
This policy, like Short Term Disability, covers extended absences from work and provides 60-70% of regular income to employees after their Short Term Disability benefits are exhausted
Group Registered Retirement Savings Plan (RRSP)
What is a Group RRSP?Running a business is a significant investment. You’re not just focusing on building the success of the business but also supporting the employees who contribute to that success over time. One excellent way to reward and motivate your employees for their productivity and dedication is by offering a Group Registered Retirement Savings Plan (Group RRSP).
Why offer a Group RRSP to your employees?
Many Canadians struggle to save consistently, which can pose challenges later in life. A Group RRSP helps employees grow their savings by automatically deducting contributions from their paycheques. Additionally, the management fees for Group RRSPs are typically much lower than those of individual RRSPs, averaging less than 1%.
Some employers choose to match employee contributions to the Group RRSP, effectively doubling the savings for their team members. Employer-matched contributions are also tax- deductible, providing added financial benefits.
Benefits of a Group RRSP for employers:
Group Health Spending Account (HSA)
What is an HSA?A Health Spending Account (HSA) is a flexible employee benefits program in Canada that offers more versatility than traditional health plans. As a supplemental program, it covers expenses not typically included in standard benefit plans. Each employee has a personal account to get reimbursed for eligible healthcare expenses or benefits not covered by provincial health insurance or their employer’s standard benefits. An HSA can be introduced either as a stand-alone option within a traditional benefits plan or as part of a flexible benefits package. These accounts generally offer a set amount per employee, making it easier for employers to manage costs. The Canada Revenue Agency regulates which expenses can be claimed under an HCSA.