Groupbenefits.ca

Extended Health Care

WEBExtended Health Care benefits can be divided into several categories which include: Hospital coverage. Drug coverage. Medical supplies and equipment. Paramedical …

Actived: 7 days ago

URL: https://www.groupbenefits.ca/group-insurance/products-and-services/extended-health-care

Health Care Spending Accounts

WEBA health care spending account is a simple, tax-effective way to provide health and dental benefits flexibly. Through a Health Care Spending Account, employees can use pre-tax …

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Individual/Family Health Plans

WEBNevertheless, an Individual or Family Health Plan can be of significant benefit for many individuals, particularly for those without access to a group benefit plan. An Individual or …

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Health Claim Reduction

WEBThe most common deductible is $25 per individual each calendar year with the maximum deductible per family equal to twice the individual deductible. Another common …

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Travel Medical Insurance

WEBA Travel Medical Insurance plan can cover many expenses resulting from a medical emergency including the following: Hospital room and board charges. Emergency room …

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Critical Illness Insurance

WEBCritical Illness Insurance is designed to complement disability insurance and provide a non-taxable, lump sum benefit should the insured be diagnosed with a critical illness. While …

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Accidental Death and Dismemberment

WEBAccidental Death & Dismemberment coverage is generally based on a flat amount of coverage (e.g. $25,000, $50,000, $100,000) or as a multiple of salary (e.g. 1 x salary, 2 …

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Short Term Disability

WEBThe Short-Term Disability or Weekly Indemnity benefit is designed to compensate an employee for income lost as a result of short-term absences from work from an accident …

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Employee Assistance Plans

WEBEmployee Assistance Plans. An Employee Assistance Plan is a professional counseling and referral service sponsored by the employer, providing service to employees and their …

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Flexible Benefits

WEBFlexible benefits can also be used as a mechanism for cost control by employers. The employer can define the level of funding (benefit dollars) for the plan each year, rather …

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Dependant Life Insurance

WEBThe most common amounts of Dependent Life coverage are $5,000 for a spouse and $2,500 per dependent child or $10,000 for a spouse and $5,000 per dependent child. …

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Underwriting Methods

WEBThe underwriting method refers to the assessment of risk for the purpose of pricing group insurance. When underwriting a group benefit plan, there are three major …

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Long Term Disability

WEBLong Term Disability. An extended illness or injury can create a significant financial hardship. Although employees will often express a greater demand for more visible …

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Group Benefit Taxation

WEBAlberta charges 3% Provincial Premium Tax on the cost of group life and health benefits. Quebec charges 3.3% Provincial Premium Tax on the cost of group life and health …

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Group Life Insurance

WEBThe basic group life insurance coverage is usually reduced at age 65 and terminates at age 70 or retirement. Coverage is reduced to a set percentage of the previous coverage …

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Renewal Rate Analysis

WEBThe adjusted premium reflects the premium that would have been paid if the current monthly rates had been in effect since the beginning of Year 3; The adjusted claims are …

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