How the coverage in your employer’s benefit plan can support you
Canadians are fortunate to have access to some of the best public healthcare services in the world. However, provincial plans don’t cover all health needs – in fact, there are some important health and wellness needs that Canadians must pay for themselves.
This is why a significant portion of health coverage in Canada is provided through private plans. Employers often offer their employees extended coverage in order to help fill some of the gaps in coverage to ensure their employees receive the care they need. Here are some ways that an employer’s extended health benefit plan that can support you:
Travel coverage offers protection from costly medical bills when you are away from home. Having this coverage removes the need to purchase additional travel coverage through your travel agency, booking site, or alternate insurance provider.
Prescription drug coverage
Purchasing prescription drugs can become expensive very quickly, especially if you require a speciality drug. Your employer’s benefit plan can offer coverage to reduce or eliminate your out-of-pocket expenses.
Extended healthcare plans offered through your employer can provide you with enhanced hospital services, including a semi-private hospital room or a per-day hospital allowance to cover non-medical expenses during a hospital stay.
Often benefits plans offered through employers include long and short-term disability benefits. This coverage ensures employees still have an income even when they are absent for work for extended periods of time for health reasons.
Provincial healthcare services don’t usually support trips to the dentist – and the bill at the dentist office can add up very quickly. Extended coverage through your employer can cover services such as dental examinations, fillings, oral surgery, and in some cases, orthodontic coverage.
Paramedical services can be an important part of individual health and wellness and are typically not covered by provincial plans. Employer benefit plans can offer coverages for chiropractors, massage therapists, physiotherapists, naturopaths and more.
Life, accident and serious illness
A serious medical diagnosis can have a life-altering impact. This coverage can help equip you and your family financially to manage the significant lifestyle changes that can come with diagnosis of a serious illness – something our provincial healthcare plans can’t provide.
Extended healthcare coverage provided through your employer often provide vision care that includes eye exams, prescriptions lenses and frames, and contact lenses.
A well-designed benefits plan contains the coverages, limits and co-pay terms that best suit an employer and their employees. They are often the most cost-effective way to ensure that you, and your family, have comprehensive health and wellness coverage.