GROUP INSURANCE PLANHERE ARE SOME GOOD REASONS TO CONSIDER BUYING A PLAN
1. Gain the advantages of bulk buying through an Association plan, competively priced.
2. Flexible plan design, can include owners and key employees or all fulltime active employees and their dependents.
3. Much of the plan can be purchased with no medical questions askedAlm.
4. Special Benefits for owners. (Some items not covered under the regular plan can be included)
5. Individual Income Protection plan is available for Owners and Pharmacists at discounted rates.
Several plan designs are available without medical.
Benefits can include prescription drugs, semi-private hospital, physiotherapist, chiropractor, massage therapist, psychologist, Out of Canada benefits - emergency travel, nursing, hearing aids, etc..
Plan One: Basic Dentistry - 80% Basic Dentistry with no deductible, unlimited maximum, including check-ups, cleanings, fillings, consultations, oral surgery, periodontic work (gum disease treatment), endodontic work (root canals), denture repair, relining and rebasing.
Plan Two: Basic plan that covers 100% with no deductible as well as 80% major restorative benefits such as crowns, bridges and dentures to a maximum of $1,500. and 50% benefit for orthodontics to a maximum of $1,500. per calendar year per individual patient.
Provides benefit from the first day of an accident or the eighth day of sickness to a maximum of $750 per week at a rate of 66 2/3% of weekly salary. This benefit will replace Employment Insurance which will allow a E.I. premium reduction for employers. The standard rate of 1.4 times the employee rate will be reduced to 1.29 times the employee rate.
Provides taxable or non-taxable benefits payable to age 65 at 66 2/3% of monthly earnings and can include a cost of living adjustment to a maximum of 3% per annum. The benefits include a partial disability benefit payable at the rate of 50% to a maximum of two years. The definition of disability is the inability to perform your occupation for two years. Thereafter the inability to perform any occupation for which you are reasonably qualified by training, education and experience.
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