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Group Benefits Plan

What is a group benefits plan?

A group benefits plan is an insurance plan that covers the cost of employees healthcare, which includes prescription drugs, hospitalization, paramedical, and ambulance services. Additionally, you have the option to combine your group benefits plan with your retirement and savings plan to ensure your employees have a pathway to reach their financial and retirement goals. InsLyf can help you get the right plan that would suit your business. A well-crafted group insurance plan can offer valuable protection to your employees, including attracting top potential candidates in today’s competitive work marketplace. The employees in your organization are your most valuable resource; they ensure the operations of your business is functioning effectively. With a group benefits plan, you can ensure their good health, and attract new employees as mentioned above.

At InsLyf, we have partnered with reputable Canadian insurance providers to help determine the right insurance plan for your employees, which also suits your budget. Our team of highly qualified and experienced insurance advisors will understand your requirements clearly and help you select a plan that meets your business objectives and needs. The plans allow you to select coverage options such as dental, vision care, short-term disability, prescription drugs, physiotherapy, employee assistance and much more. Please do not hesitate to reach out to our team today to find out more information about group benefits plans, or address any queries that you may have. If your business has less than 200 employees, no need to worry. We offer various small-business insurance health coverage plans that will cover the cost of private healthcare for the employees in your workplace. From initial diagnosis to treatment, we will ensure you find coverage that suits your business and employees’ needs.

Benefits of getting group benefits plans for a business:

  • Chances in decreasing absence in the workplace

  • Boost productivity among the employees

  • Offers comprehensive mental health coverage

  • Reduces their financial stress in the event of a medical emergency

  • Covers the mental and physical well-being of your employees

  • With our range of group benefit insurance plans, your employees can become more productive, and you can focus on what you do best as the owner, running it efficiently and effectively.

How does a group insurance plan benefit the organization?

  • Boost morale within the organization and increases productivity

  • It is inexpensive, as there are no extra charges in workmen’s compensation rates or employees insurance

  • The premiums that are paid for group benefits can be written off as a business expense

  • Allows you to maintain an edge in the job market when hiring candidates

  • Retain and attract new employees

  • With our range of group benefit insurance plans, your employees can become more productive, and you can focus on what you do best as the owner, running it efficiently and effectively.

Various group benefit plans for a company:

Below-mentioned is some benefits that a company can offer. Keep in mind, they can be personalized to suit your organization's needs.

Base Benefits:

  • prescription-drugs

    Prescription Drugs:

    Having a workplace that is healthy mentally and physically is a significant bonus. Drugs that require a prescription help bridge the gap between provincial health insurance plans and the coverage your employees and their loved ones require.

  • dental-care

    Dental Care:

    One of the most valuable healthcare benefits that employees benefit from is dental coverage. It not only protects from the rising costs of dental treatments but also takes care of their overall oral health.

  • disabled

    Disability programs:

    An increase in drug costs, including a loss in productivity, can affect disability programs. With the help of InsLyf, we will help design a straightforward disability program that controls costs and supports the recovery of your employees who have been temporarily or permanently disabled.

  • healthcare-lifeinsurance-critial-illness

    Accident, critical illness and life insurance:

    In the event, your employee suffers from a tragic accident, there are various options to offer financial assistance for your employees and their dear ones in case of an accident, illness or death.

Irrespective of the industry your business is in, you and your employees can greatly benefit from a group insurance plan. At InsLyf, our wide range of plans help limit financial risk and secure the best deal for you at affordable pricing. We will do all the necessary research and due diligence to negotiate and determine a plan that benefits both the organization and the employee. Additionally, we also provide a group retirement savings plan. Get in touch with a member of our team today to schedule an appointment or for further enquiries. Call us today at +1 905-901-1717