Posts from the ‘Employee Benefits Program’ Category
Ownership of individual life insurance at its lowest level in 30 years
The Life Insurance and Market Research Association (LIMRA) 2013 study shines a light on a developing problem for Canadian households:
- Individual ownership of life insurance was at its lowest level in 30 years;
- 3 in 10 households did not have individual life insurance at all;
Why group life insurance may not be all that you need
If your goal is to replace income for your family for more than 2 years, you may want to add an individual policy to your group insurance coverage. Read more
by Susan Yellin, BrighterLife.ca
Do you and your spouse or partner each have a health-care benefits plan at work? Here’s how to make the most of them.
Whether it’s the traditional two-parent family or the more modern blended household, working couples are increasingly likely to have access to more than one health and dental plan.
The plans may differ in exactly what and how much they cover, but if you co-ordinate your benefits, you can take advantage of both and potentially get back 100% of your out-of-pocket health-care expenses. Read more
By Anne Levy-Ward, for BrighterLife.ca
It’s easy to understand the importance of protecting ourselves and our families – we wear seatbelts, for example, because we understand how they keep us safe in case we’re in a car crash. We have medical checkups because we understand how our doctors can take action when they spot health problems.
Supplemental health insurance plans obtained through an employer or purchased as an individual are another way to protect ourselves and our families “in case” – in this instance, in case of a threat to our financial security from illness or accident. They’re called “supplemental” because they add to the coverage Canadians receive through their provincial governments. (Separate plans are available for visitors or recent immigrants without provincial health coverage.) But the kind of protection supplemental health insurance offers isn’t as easy to figure out as a seatbelt or a checkup. To help you understand how it works so you can weigh the merits of buying coverage, here are answers to some common questions:
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