GROUP HEALTH Benefits INSURANCE
Group insurance typically refers to an insurance policy that covers a defined group of individuals, such as employees of a company, members of a professional association, or members of a trade union. These policies are often offered by employers as part of their employee benefits package, aiming to provide coverage for a group of people at a lower cost compared to individual insurance policies.
What’s you can cover under health Insurance plans?
Group plans offer a wide range of options to accommodate the diverse needs of your employees and members for those Medical Expenses that are not covered by the provincial health care as well as addons for adequate income protection.
Those EXTENDED HEALTH CARE expenses, including but not limited to:
- Prescription Drugs
- Dental Coverage
- Professional Services & Registered Therapists
- Vision Care
- Medical equipment & Services
- Travel Insurance
Add-ons can include:
- Life Insurance
- Disability insurance Injury or/and Illness
- Critical illness insurance
By providing coverage for medical and dental expenses, group insurance plans contribute to employees' overall well-being and financial security to ensure that you and your employees have access to necessary healthcare services at more affordable rates without facing excessive financial burden, promoting a healthier and more productive workforce.
The Bottom Line
The advantages of offering group health insurance as part of an employee benefits package include cost effective access to extended health care that can attract and retain top talent, improving employee morale and productivity while qualifying your business for tax benefits.
Consulting with an insurance specialist becomes imperative to assess your unique circumstances effectively. It enables you to access competitive rates and favorable terms, ensuring you and your employees maintain adequate coverage. We are committed to helping you find the right group health insurance plan to meet your needs and expectations.