Medavie Blue Cross has launched Benefits for Small Business, a life and health plan that gives small business employees the protection they need and expect – more important than ever as the COVID-19 pandemic continues.
Available to established companies with up to 10 lives in Ontario and Atlantic Canada, Benefits for Small Business provides coverage for extended health care, including vision care, prescription drugs, dental, disability, as well as life and travel insurance. As part of the plan design, claims are pooled together with other small businesses that have been operating for at least six months. This approach lowers the financial impact of high claims activity and ensures the plans remain cost-effective for businesses over time.
“With a strong commitment to improving the wellbeing of Canadians, we are always looking at ways to reimagine our plans to support the needs of Canada’s diverse workforce,” says Alaina MacKenzie, Regional Vice President, Business Development at Medavie Blue Cross. “We’re excited to offer Benefits for Small Business as a flexible, cost-effective way for small business owners to give their employees access to a comprehensive benefit plan that supports their health and wellness needs, both during the pandemic and beyond.”
Key features of Benefits for Small Business include:
The plan also provides added flexibility with a health spending account option and employee-paid optional coverage for critical illness, accidental death or dismemberment and additional life insurance.