We realize the importance of developing a customized Group Benefit program tailored to satisfy your goals and objectives. Our service goes beyond finding the lowest long term cost for your organization.
It involves, among others:
- Management solutions to protect against high claims usage and soaring costs
- Educating employees on claims management
- Proper and efficient enrollment
- Recommendation for executives and key employees
- Plan design and funding alternatives - Flex Benefits, Third Party Administration
Together we will clearly define your organization's goals and objectives.
Based on these findings, we will conduct an in-depth market review on your behalf.
The results of our market analysis will help determine the plan design and insurance company that satisfy your objectives.
Working on your behalf with the insurer, we will coordinate the implementation process and communicate the plan to the employees.
You will receive a high level of service from Dundee throughout each policy year.
Basic life insurance is mandatory for all benefit plans. It is provided in flat amounts or as multiples of annual earnings (one to five times salary).
Employees are able to choose an amount of additional coverage in multiples up to certain maximums. A medical questionnaire may require completion by the employee.
An optional benefit, which offers coverage for costs associated with the loss of employee's spouse and children.
Accidental Death & Dismemberment
This benefit provides financial assistance in the event of an accident causing death or dismemberment. It is often equal to the amount of life insurance coverage.
Short Term Disability
In the event of an accident or sickness, Short Term Disability benefit provides a weekly payment after a certain number of days based on a set percentage of the employee's salary. The benefit period usually ranges from 15 to 26 weeks and should be coordinated with the Long Term Disability benefit.
Long Term Disability
In situations when an employee is off work for an extended period of time due to accident or sickness, Long Term Disability provides a monthly payment based on a set percentage of the employee's salary. Coverage begins after the employee satisfies a waiting period, usually four months, and the benefit period ends when the employee turns 65, unless otherwise stated.
The benefits schedule, waiting period, benefit period, definition of disability and taxation are important aspects of the disability benefit which should be discussed with a consultant.
Extended Health Care
This is the benefit often most valued and used by employees. Health insurance provides comprehensive coverage to supplement provincial medical plans in the event of accident or sickness to an employee or his / her family. To tailor a plan specific to your client's needs, it is important to understand the benefits and cost-containment features such as coinsurance and maximums.
- prescription drugs - covered if prescribed by a doctor or dentist
- National Formulary (Managed Care) - A list of eligible drugs based upon their medical value and effectiveness.
- fertility, anti-smoking and anti-obesity drugs
Coverage includes services rendered by health care professionals and the cost of health care related products, services or devices not covered by the government insurance plan.
- speech therapist
- massage therapist
Services of a chiropractor may not be covered unless performed after the province's medical plan has been exhausted. 1st day chiropractor option is available.
Private Duty Nursing
Coverage up to $5,000 or $10,000 of out-of-hospital services provided by a registered nurse or nursing assistant, when medically necessary.
Options are semi-private and private rooms (ward care may also be quoted for some groups).
This provides coverage for the purchase of eyeglasses or contact lenses.
Other expenses covered:
- out-of-province and out-of-country coverage (this provides emergency-only coverage while plan members are traveling outside of Canada in excess of what is payable under the provincial health plan)
- medical supplies
- medical equipment (i.e. - braces, prosthetics, wheelchair rental)
- hearing aids