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Traditional Plans

A traditional employee benefits group plan is a packaged set of insured coverages that protects employees and their families, managed and monitored on your behalf.

Three areas of coverage, one cohesive offering:

Your traditional group plan is structured across three coverage areas. Together, they form a complete benefits package for your organization that is competitive and structured.

Pooled Benefits

  • Life Insurance
  • Accidental Death & Dismemberment
  • Dependent Life Insurance
  • Short-Term Disability
  • Long-Term Disability

Health Care

  • Prescription Drugs
  • Paramedical Practitioners
  • Vision Care
  • Travel Coverage
  • Medical Supplies & Appliances

Dental Care

  • Preventative Care
  • Basic Restorative
  • Major Restorative
  • Orthodontics

How it works

The insurer carries the risk, and you pay a fixed premium. In a traditional employee benefits group plan, the insurance company assumes the risk for all claims. You pay a set monthly premium regardless of what claims occur. This is the key distinction from self-insured plans.

Why is this important

Predictable Costs: Your monthly premium is fixed. Claims activity doesn’t change what you owe in a year. The insurer absorbs the variability.

Risk Transfer: Every dollar paid in premium goes to the insurance provider. In return, they cover eligible claims, which is the product that you are buying.

Our Role

Monitoring Utilization: We track your plan’s utilization monthly. Staying on top of usage trends protects your rates at renewal.

Ongoing Plan Management: We manage your plan actively by benchmarking, renewal carrier negotiations, and employee communication.

Extend your plan as your needs grow

Traditional plans can be enhanced with additional offerings, layered on top of your core coverage. These are some common enhancements:

Critical Illness Insurance

A tax-free lump sum benefit that is offered to employees if they are diagnosed with a covered serious condition, such as cancer, heart attack or a stroke. Coverage can be offered on a group basis as part of an employer’s benefits plan or on a voluntary basis where employees choose to enrol and pay for added protection.

Employee & Family Assistance Program (EFAP)

An EFAP gives employees and their families virtual confidential support from professional counsellors and experts. For employers, it’s a cost-effective way to support a healthier, more engaged and productive workforce. Beyond mental health, it can help with everyday challenges like legal questions, financial planning, childcare & eldercare, nutrition, and work-life balance.

Health Care Spending Accounts (HCSA)

An HCSA gives employers a set amount each year to spend on eligible health and dental expenses that may not be fully covered in your core plan. It is one of the most cost-effective ways to stretch your benefits dollar, as its tax free for employees and tax-deductible for employers. HCSA’s can be paired with related options like Wellness Spending Accounts (WSA), which cover lifestyle expenses such as gym memberships, fitness equipment, or wellness programs.
Let’s Build a Better Benefits Experience, Together.
Our team is here to help you design, manage, and optimize benefits & retirement plans that work for your business.
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or call us at 604.531.7979