ÐßÐßÍøÕ¾ has entered into partnership with Ìýto provide a unique, one of a kindÌýproduct for ourÌýgroup specialist members.Ìý
What’s Different About this Fully-Pooled Hybrid Plan?
This fully-pooled catastrophic option provides Advisors and their clients unique advantages, including:
- Fully-Pooled: all groups are placed into a single large pool in order to spread the risk, providing additional stability and allowing for a single set of rates, rather than tiered pricing based on claims experience.
- One Rate: one set of rates each for Pharmacare and Non-Pharmacare provinces, allowing you and your clients to obtain a quick and accurate pricing estimate.
- Transparent: in an industry first for a fully-pooled product, we share claims experience on the overall performance of the pool, providing transparency.
- Exclusivity: this product is available exclusively to Canadian Group Insurance Brokers (ÐßÐßÍøÕ¾) members, given their knowledge and expertise, unique ability to field underwrite, and their full understanding of pooled benefits programs.
What does the plan look like?
Generally a group will take the pooled benefits like Life, AD&D, LTD and the Catastrophic Coverage above, and combine it with a Health Spending Account for the day to day expenses (like low cost drugs, parameds, vision, orthotics, dental benefits etc.).
Common HSA funding ranges from $1,000/employee for basic plans, to $2,000 or $2,500 for typical plans, toÌý $5000+ for executive classes.
- Ìý(document will appear in your downloads folder)
- Coordination ExamplesÌý(documents will appear in your downloads folder)Ìý
- Ìý
How do we benefit?
Clients benefits:Ìý Rate stability - Pool ProtectionÌý& Transparency - Unique plan design - Employee flexibility of use
Advisor benefits:Ìý EasyÌýrenewals - Consistent pricingÌý- client stability -Ìý An explainable poolÌý- Design is not easy toÌýmarket
How well does this plan design work?Ìý
Enough to make the pooling fully transparent.Ìý We challenge other providers to do the same.
The 2024 ÐßÐßÍøÕ¾ CHIP Renewal document isÌý
The 2023 ÐßÐßÍøÕ¾ CHIP Renewal document isÌý
The 2022 ÐßÐßÍøÕ¾ CHIP Renewal document isÌý