Group Benefits are an extension of your provincial medical plan that allow for additional benefits such as Health and Dental and can include Long Term Disability, Critical Illness and Life Insurance as well as an Employee Assistance Program (EAP)
Group benefits are designed for companies of all sizes and rates usually favor companies greater than 3 employees. For any companies with less than 10 employees, 100% participation in mandatory and employers sponsor the plan by contributing usually 50% of the premiums or higher. Companies greater than 10 have more leverage but 100% participation is usually suggested to protect your employees.
The most tangible benefits that favor the employee are paramedical services such as Massage, Chiropractic, Physiotherapy and equally Dental coverage. Prescription drug, although mainly unexpected, accounts for about 70% of the cost of a health plan due the surmounting cost of leading edge drugs ranging in the hundreds of thousand dollar per year.
In order to keep your organization competitive, we’ve put together the most comprehensive plans in the marketplace, beating out many of your local providers in both benefits and price. In fact, we have over a 95% retention rate due to our client satisfaction.
Our core plans can include many or all of the following benefits;
80% to 100% Prescription Drug Coverage
No Deductibles & Online Claims , Pay direct drug card, Unlimited annual maximum
$500 to $750 Paramedical Services
Massage Therapist, Physiotherapist, Chiropractor, Acupuncture, Naturopath. Occupational Therapist, Dietitian, Podiatrist/Chiropodist, Psych/Social Worker Comb, Speech Therapist, Osteopath, Audiologist
$1500-$2000 Basic Dental
Examinations, extractions, fillings, Scaling, Prophylaxis, fluoride treatment, X-rays, Oral surgery, Endodontics (root canal therapy), Periodontics (treatment of the gums), Denture relines, rebases and repairs, Pit and fissure, sealants, 6 month recall examinations
$1500-$2000 Major Dental
Crowns, Bridges, Partial or complete dentures, Inlays and onlays, Bridgework, Tooth implants, Impacted wisdom teeth removal.
$2000 Optional Orthodontics (Braces)
Adults and dependent children Lifetime benefit
Long Term Disability
24-hour coverage, nontaxable benefit, includes partial disability, 66.67% of monthly earning to a maximum of $10,000. No Evidence Minimum: $1,500 (does not need to medically qualify), 120 day waiting period, benefits to age 65.
$200 Eyeglasses - $400 Laser Eye Surgery
Adult maximum per 24 months, Child maximum per 12 months
Out of Country Travel
Out-of-Canada Emergency Care, 90 days, $5,000,000 lifetime, Non-Emergency Care Outside of Canada (when pre-approved), Out of Province Care
Life and Accidental Dismemberment
$25,000 to $350,000 based on group size, Non-Evidence minimum of $25,000 for groups of 3 or more. Reduce to 50% at age 65, Accidental death or dismemberment including, part or all of a limb i.e. hands, feet, arms, legs, fingers or toes, Loss of sight, hearing or speech
$25,000 to $250,000, Life threatening Cancer, Heart Attack, (24 illness in total in enhanced plans)
$100 Eye Examinations, $10,000 Home nursing care, $300 Orthopedic Shoes, $500/5 years Hearing aids, $5000 Therapeutic Equipment, $500 Lab Expenses, Semi-private hospital, Licensed Ambulance Services, $2000 accidental Dental.
Employee Assistance Program
Provides confidential short-term counselling for common struggles such as personal issues, job stress, relationship issues, eldercare, childcare, parenting issues, harassment, substance abuse, separation and loss, balancing work and family, financial or legal, family violence.
We strive to be your least expensive option for the best benefits. We offer consulting services to build the best plans for all levels of employees, from your executive team to your front line. We offer both pooled plans which offer stable rates for companies under 50 employees and custom plans for larger groups including Health Spending Accounts and ASO plans.
Save your money - On average, we save our clients an a minimum of 10% and have reduced some plans by up to 65%
Worry Less - Our average pooled renewals ranges between 4%-8% whereas the average is 10% so it’s likely you won’t ever have to shop for a better deal.
Offer the best - Attract, retain and maintain the best workforce by offering your employees more than your competition.
Let us do the work - From plan design, enrollment, changes and claims, we are an extension of your HR team so you can focus on your business!
Size doesn’t matter - Whether you’re a single person or a larger firm, our plans offer more than most providers with less medical questions.
Keep it local - Benefit from a local advisor. Ocean Sun Financial is a Whistler based company proudly serving the community since 2006!