Dental

Dental is a very stable and predictable benefit. It is both frequent and typically low in cost. It is very suited for self insurance so we offer two basic choices to fund the benefit:

1. Participation in the cooperative. We provide rates much like any insurance company, but if at the end of the calendar year your claims are lower than the projections, you receive a refund, and if not, you are not liable or penalized.

2. Pure self insurance: where we simply pay claims on your behalf through a simple benefit bank account. You exercise full control on the account. The second choice is the most popular amongst our clients.

Vision

Like the Dental benefit, Vision occurs frequently, is low in cost and is easily predictable. It is very suited for self insurance so we offer two basic choices to fund the benefit:

1. Participation in the cooperative. We provide rates much like any insurance company, but if at the end of the calendar year your claims are lower than the projections, you receive a refund, and if not, you are not liable or penalized.

2. Pure self insurance: where we simply pay claims on your behalf through a simple benefit bank account. You exercise full control on the account. The second choice is the most popular amongst our clients.

Extended Health coverage

This benefit could be volatile, and its claims could easily sometimes be larger than historical levels and expected or projected levels. We offer two basic choices to fund the benefit:

1. Participation in the trust. We provide rates much like any insurance company, but if at the end of the calendar year your claims are lower than the projections, you receive a refund, and if not, you are not liable

2. Self insurance with appropriate stop loss: where your claims are paid by The Co operators. You are responsible for claims up to the stop loss, and The Cooperators pay any claims above the stop loss.

We strongly recommend this benefit be funded as part of the Cooperative. Most of our clients participate in the Cooperative for this benefit.

Long Term Disability

This is a benefit that we recommend is insured. Beneplan finds the most competitive rates on the market for you.

Weekly Indemnity

This benefit is basically more a part of payroll than a benefit. Due to Privacy and other reasons, most of our clients distance themselves from administering the benefit themselves. We provide adjudication services for many of our clients. We still involve our clients in the adjudication process without exposing them to any issues related to PIPEDA (http://www.privcom.gc.ca/legislation/02_06_01_01_e.asp).

Paramedical

Paramedical services may be included in the extended health benefit or it may be adjudicated directly by Beneplan on a pure self insurance basis. For tighter control on these benefits, Beneplan administers these services on a ÒPre-ApprovalÓ basis. Before the procedure, a form is submitted to Beneplan to be pre-approved. Once approved, claims are paid as per the plan.

Life Insurance

Although Life Insurance claims can be larger than most other types of Insurance, they typically occur within predictable ranges. Funding of Life Insurance with a group smaller than 1000 people is risky. One bad year could be result in catastrophic costs which a company simply could not handle. By utilizing its strongest tool, the Cooperative, Beneplan can take advantage of the stability and predictability of large volumes of people and provide risk-free Life Insurance to all its corporate members. The Cooperative has an agreement with the Co-operators that will refund excess premiums to the Cooperative in favourable claims years. The refund resulting from the Life Insurance pool is then distributed to members of the Cooperative.

Property and Casualty

Beneplan intends to include Property and Casualty to its list of products in the near future.

Accidental death & Dismemberment

Accidental Death and Dismemberment is rare but can result in high costs when realized. Due to these characteristics, AD&D is insured outright. Beneplan will shop the market to find the best rate.