Your best option is a Flexible Benefits Plan or a Traditional Benefits Plan with a Health Care Spending Account
Flexible benefits plans allow employers to meet the diverse needs and demographics of their workforce without breaking the bank.
They allow employers to define their contribution levels for the benefit period. Employees use those contributions to purchase benefits that meet their personal and family needs.
There are several types of flex plans offering varying levels of choice- from adding one or two optional benefits to a traditional plan to providing plan members with the ability to completely customize their benefits.
With a traditional benefits plan, the employer provides standard benefits to its employees. The most common benefits include:
An HCSA is basically a health benefits bank account set up for each employee.
When employees spend their own money on eligible products and services, these expenses can be reimbursed through their HCSA.
An HCSA can also be added to a traditional benefits plan to cover eligible expenses that aren't covered by the plan.
Contact us to learn more about group benefits, and get in touch with an independent advisor who will help determine the most appropriate options for your organization.
One Westmount Road North
P.O. Box 1603, Stn Waterloo
Waterloo, Ontario N2J 4C7
Phone: 519.886.5110
Toll Free: 1.800.722.6615
www.equitable.ca
Accessibility for customer service
Customers who wish to provide feedback on the way Equitable provides services to people with disabilities can contact us by email, verbally or by letter. All feedback will be directed to the company complaints manager. Customers can expect to hear back within 15 business days. Complaints will be addressed according to our organization's complaint management procedures.
The company's Customer Service Accessibility policy is available upon request from the company complaints manager.
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