Group Insurance for Small Businesses


Group Insurance For Small Businesses

  • an affordable way to help protect employees and their families,

  • a competitive edge in winning the best talent, and

  • a tax-effective form of employee compensation.

Our programs are devised to help create and maintain productive workplaces. We encourage employee health and wellness, assist plan members with injuries or illnesses,

and help make it easier for you, your clients, and their plan members to do business with us. Our programs are flexible,affordable, sustainable, and we guide and support you and your clients through every step in the process.

  • Businesses with two to 50 employees.

  • Employees must be actively at work for the Policyholder or any Associated Company on a full time basis at the employee’s usual place of work in Canada. A full time basis is a normal work schedule of at least 20 hours per week for 52 weeks per year, including paid vacation.

  • Various waiting periods are available ranging from nil to 12 months.

  • Five employee classes available

Helping clients manage costs

To help small business owners offer an affordable and sustainable group benefits program, the LaunchPlan offers built-in features that limit the employer’s liability while still providing valuable coverage to employees.

One simple plan design

The LaunchPlan’s design has been carefully created to help ensure it:

  • provides valuable coverage that is affordable for small business owners,

  • manages claims activity at a level that is sustainable through the years, and

  • is easy-to-understand for the employee.

Pooled Pricing

Claims for every LaunchPlan client are pooled together to protect any one individual client from the adverse effects of high claims activity. This approach helps ensure that the LaunchPlan is priced to be sustainable over the long-term.

Who is eligible?

  • Businesses with two to nine employees.

  • No restrictions on family content.

  • No average age restriction.

  • An employee must be a resident of Canada and actively at work (minimum of 20 hours per week) in his or her usual place of work in a province or territory in Canada, other than Quebec, for 52 weeks a year including vacation.

  • Dependants under 21 or under age 25 if a full-time student

Ineligible groups include businesses that are not-for-profit organizations, seasonal,

Quebec-based, holding companies, or businesses that have been in operation for less than six months.

Participation requirements

  • One hundred per cent participation is mandatory.

  • Single and family coverage options (no spousal waivers allowed).

  • There is no eligibility waiting period for existing employees.

  • For new hires, the eligibility waiting period is three months.

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