What is Out of Country coverage?
Out of Country coverage (sometimes referred to as OoC, Out of Province or OoP) is a benefit that provides protection for employees that travel outside of their home province or outside of Canada. Depending on the insurance carriers plan design options, OoC will either...
What is Paramedical coverage?
Paramedical coverage, often referred to as simply Parameds is a subcomponent of the Extended Health Benefit (EHB). Parameds are an important part of the EHB benefit and typically account for 25-30% of EHB claims in an average group plan (second only to drugs). While...
What is Critical Illness?
The Group Critical Illness (CI) benefit is a relatively new addition to the Group benefits space. It pays out a lump sum benefit when an employee is diagnosed with one of a specific list of illnesses. These life altering conditions often come with financial burdens,...
What is a Healthcare Spending Account?
Healthcare Spending Accounts (often referred to as HCSA or HSA) are essentially a bucket of money that can be spent on anything on the CRA eligible medical expenses list. HCSA’s can be used to supplement or replace parts of a traditional benefits plan. For...
What is Dental coverage?
The Dental benefit covers all or a portion of certificates dental work. Dental is considered a highly desirable and relatively low risk benefit, due to most certificates utilizing the benefit at least once a year. The claims themselves are predominantly low to mid...Deprecated: Function get_magic_quotes_gpc() is deprecated in /hermes/bosnacweb08/bosnacweb08ag/b1302/nf.pillowponcho/public_html/wp-includes/formatting.php on line 4387
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