Group insurance is an arrangement to share the financial risk of health-related expenses among a group of people who pay into a fund or pool, under one contract. With a group benefits plan, when a member of the group becomes ill or needs services, he or she is financially compensated by the plan, according to the terms of the contract.
Selectpac is our group benefits plan for organizations like yours—small groups with 3 to 35 plan members.
By investing in group benefits for your employees:
- You can better attract and retain good people, which helps minimize costs associated with high turnover
- You and your plan members have access to insurance at a reduced cost, compared to most individual insurance plans
- Your premium may be tax-deductible as a business expense
- You help improve morale and increase productivity, by providing financial security and support for your plan members
Selectpac offers:
- Plan designs specifically for small groups
- Competitive pricing
- Access to personalized service from local representatives across Canada
- Prompt, accurate claims service and reimbursement
- GroupNet for Plan Administration online system—free of charge
- GroupNet for Plan Members—free of charge
- Quality products and service backed by our strength and stability as a leading provider of group benefits plans in Canada
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