Canada’s top group insurance providers
can help your employees.
Statistics Canada says that almost three-quarters of all Canadian workers (74 per cent) have access to at least one non-wage benefit. Health benefits plans are the most common type of non-wage benefit in Canada. Fifty-nine percent of workers have life and disability insurance, 56 per cent have dental plans, and 51 per cent have supplemental medical insurance.
The following are the group plans available from the top six group insurance providers in Canada.
Fifteen-month rate guarantee, meaning the insurance company can’t raise the employers premium for the first 15 months
No termination age on Health and Dental benefits for employees (Many companies cut off at age 70 or 75. This is a great feature for older employees, who may have a difficult time getting out-of-country medical coverage. Note that out-of-country medical coverage is generally limited to 60 days on most plans.
Available for groups of two employees or more (This is a terrific plan for small business owners and even U.S.-based and spouse-based companies. There are no medical exams or pre-existing exclusions found in individual health and dental plans.)
Sixteen-month rate guarantee that’s higher than most other carriers
Health and dental benefits to employees 75 and under (this age limit recently lowered)
George, it really depends on the companies claim experience, how long they have been in business, how many employees and ages and the features you want with in the plan. Standard Life is good company but it’s hard to say if they are a good fit without more details.
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How does Standard Life Stack up for small businesses
George, it really depends on the companies claim experience, how long they have been in business, how many employees and ages and the features you want with in the plan. Standard Life is good company but it’s hard to say if they are a good fit without more details.
Do you have discounts for a group of 11 who want disability insurance only
Yes certain carriers including RBC offer group based Disability Insurance plans. We are happy to assist with a quote.