We make it easy to attract, retain, and take care of your employees with group benefits plans.
What are group benefits plans?
Group insurance benefits plans are offered by employers as part of a total compensation package. These plans are a benefit for employees to help reduce costly individual policies and provide more robust coverage. Powered by PPI Benefits, we can make Group Insurance easy too.
Why do you need it?
An employer’s business is only as good as their employees. As such, to retain employees and keep them engaged, healthy, and appreciated, it’s important to offer a comprehensive benefits program.
What is covered with a group benefits plan:
Extended health care
This benefit reimburses eligible medical expenses not covered by an employee’s provincial plan. This can include coverage for prescription drugs, vision care, hospital care, medical services and equipment, paramedical services, and assistance with out-of-province emergency travel.
Group life insurance
In the event that a plan member dies while enrolled, this benefit is paid out to their family. The benefit itself is typically based on a multiple of the plan member’s earnings or a fixed amount.
Accidental death and dismemberment
This benefit pays out to an employee should they become paralyzed or lose their hearing, eyesight, or ability to speak in an accident. Further, should the employee die accidentally, the benefit would be paid out to their family.
Dental care coverage
This benefit covers preventive and diagnostic dental treatments for your employees.
This benefit is designed to replace a portion of a plan member’s income should they become ill, injured, or are no longer able to work.
Health spending account
Health Spending Accounts allow you to pay for medical and dental expenses using company dollars. They are 100% tax-deductible to your business and 100% tax free to your employees. You don’t pay for unused HSA dollars!
Other coverage options may also be included and are not limited to what has been indicated.
Frequently Asked Questions
Can a benefits plan be customized?
Yes. With the help of your Butler Byers Risk Consultant, you can create a benefits package that works for you and your employees.
Are benefits plans available for small businesses?
Whether your business has 3 employees or 3,000 employees, Butler Byers can help you develop a comprehensive, personally tailored group benefit program.