GROUP BENEFITS

Extended health and dental coverage often form the foundation of any benefits plan. Without group health benefits, employees may face significant out-of-pocket expenses in these areas. Commonly included types of coverage are:

• Prescription Drugs: Coverage ensures employees can afford essential medications, helping them stay healthy and productive.
• Paramedical Expenses: This includes visits to specialists like Registered Massage Therapists, Dieticians, Podiatrists, and Speech Therapists. Providing coverage helps employees access necessary treatments that might otherwise be cost-prohibitive.
• Dental: Dental coverage is highly valued by employees. It supports routine checkups and treatments, which are crucial for maintaining oral health and preventing larger health issues.
• Vision: Coverage for glasses, contacts, and eye exams helps employees maintain good eye health and overall well-being.

A focus on wellness helps keep employees healthy, happy, and productive. Wellness benefits may include:

• Employee and Family Assistance Plan (EFAP): EFAPs provide counselling and support services to promote mental health and assist employees in managing life’s challenges.
• Wellness Spending Accounts: These accounts reimburse employees for expenses such as gym memberships, fitness classes, or participation in wellness activities, encouraging active and healthy lifestyles.

Health Care Spending Accounts (HCSAs) are an innovative and flexible way to provide employees with personalized health coverage. These accounts allow employees to allocate funds toward eligible medical, dental, and vision expenses that matter most to them, offering a customizable approach to group benefits. Key Advantages of HCSAs:

• Flexibility: Employees decide how to spend their allocated funds, tailoring coverage to their specific needs.
• Cost Control: Employers set annual limits for each employee, making it easy to manage budgets while providing valuable benefits.
• Tax Efficiency: HCSAs are tax-deductible for employers and provide tax-free reimbursements for employees, maximizing value for both parties.