Get Started

Our 3 steps to understanding and selecting the right benefits for you

I

Watch the Video

Why Group Benefits?

2. Find the right approach

3. Get the Quote

Benefits

Our most popular plans with premium coverage and stable rates

5

Essentials

5

Lifestyle

5

Franchise Program

9

Experience Programs

9

Benefits Management

9

Group RRSP

Insurance

Individual Insurance for your and your family

9

Simplified Planner

9

Contact us

9

Our Story

9

FAQ and Forms

How to Build the Best Policy for Your Company

Benefits, Claims

As a business owner, having the right insurance policy is essential. It acts as a safety net, protecting your company from significant costs. Despite it being a major decision, the majority of the business owners often take the easy route out and sign any insurance policy. You may be wondering, how to build the best policy for you company?

As they don’t understand what they are purchasing for their company, it can become problematic in the long run. For instance, they may end up paying a large premium for policies that they don’t need. Another situation is being under-insured, which can cause significant financial issues.

So how do you make sure you select the right package for your company? How do you build the best policy for your company? The solution is to build a policy for your business, making sure it meets all your requirements. Below are tips you can follow to make sure you get the best package for your company:

Get experience-based benefits

When you add experience-based benefits to the insurance policy for your company, it comes with significant advantages. Your employees get dental benefits, along with coverage for prescription drugs and medical equipment. Also, they get vision care and employee assistance programs to ensure they get back on their feet faster if they fall sick or suffer from an injury.

Include experience-rated benefits

As an employer, you must add experience-rated benefits to the insurance policy. Experience rating is the loss you experience in comparison to the loss faced by other similar parties. Insurance companies will only charge a higher premium if they consider you to be a risky policyholder. If you already follow standard risk management practices, you won’t have to bear any additional costs.

Also, it is easier for insurance companies to calculate premiums for groups than individuals. With this policy, you know the cost of getting the appropriate coverage for your company. With this information, you can improve your modifier scores, ensuring you don’t overpay for your plan.

Opt for group insurance

When running a business, you need to make sure you have adequate coverage. With group insurance, every employee in your company gets insurance. The plus side of adding this to your policy is that you don’t have to verify if your staff is eligible for coverage.

Another advantage of group insurance is the reduction in costs. Unlike individual coverage, the premium for this policy is lower. Your employees won’t have to worry about their health as this plan provides complete coverage for their health. As a result, your staff knows they will receive financial assistance when required, allowing them to put all their focus on work.

All these benefits from group insurance make it easier to protect your employees if they suffer from an injury or fall ill.

Pooled benefits are one of the best ways to build the right policy for your company. When you choose to get comprehensive coverage, it helps you attract talented employees. How? When they see you care about the well-being of your staff, they will be more than ready to work for you. If you’re interested in pooled group benefits and building the best policy for your company, get in touch with us today!

Follow Us On Social Media!

Looking at Benefit Plans for your business?

Health and Dental Premium Relief Extended for June

Health and Dental Premium Relief Extended for June

The health and dental premium reduction we provided to plan sponsors for April and May gave relief in real-time. In implementing this, it reflected the anticipated decrease in plan member health and dental claims due to pandemic closure of service providers. We...
Support For Small Businesses

COVID 19: Support For Small Businesses In BC

Small Business BC Support For the latest information on small business supports, resources and advisory services during COVID-19, please visit Small Business BC. Advisors are ready to help by phone at 1-800-667-2272, email and daily digital meetups. See how COVID-19...
Prescription Drug Cost

Prescription Drug Costs Breakdown

Understanding the total cost of a prescription drug claims means learning the 3 main components: 1) Ingredient Cost Actual cost the pharmacy pays the drug company or wholesaler to buy the drug. 2) Pharmacy Markup Percentage charged to cover the expenses involved in...
Why we ask for detailed quote information

Why Ask For Detailed Quote Information?

Why we need detailed quote information from your current plan? Detailed Quote Information tells us a story, enabling us to create the right solution Getting involved in a Group Benefits program is different than purchasing a commodity. Most consumers are...
long term disability

Non Evidence Maximums for Long Term Disability plans

ClearBenefits.ca is pleased to announce new Non-Evidence Maximums (NEM’s) for Long Term Disability in our Pooled Programs. The following enhanced LTD Non Evidence Maximum table applies to new business in both our Essentials and Lifestyle programs:                    ...

Medical Cannabis Coverage

Groups with over 100 lives can request to add medical cannabis coverage to their Extended Health coverage. Medical Cannabis Coverage In October of 2018, recreational marijuana will be legalized in Canada. The legalization of recreational marijuana has sparked a...

Experience-Rated Program: Finding Facts

Since the launch of our Experience-Rated Program, we get asked to provide both Pooled and Experience-Rated quotes. We believe the 1st priority is to understand the client need and what outcome they are trying to achieve. Fact-Finding - A Better way to do...

ClearBenefits.ca Pooled Programs – YTD Performance

We just completed our monthly review and thought I would share an update on the YTD performance of the pool: Fiscal year-end: Nov 30 Renewal rate implementation: June 1 As of August 31, 2018 we are 9 months into our fiscal year Claims are below target for...

Looking for a Company Plan?

Receive a personal call from an advisor right now!

Great! An advisor will reach out to you now. Please check your inbox