What Do Employee Benefit Insurance Plans Offer Canadian Residents?

Written by Channel 8 Cleveland on June 28, 2013. Posted in Employee benefit services, Health insurance, Small business employee benefits

Employee health benefit plan

More than half of employers within the region of Canada worry about the quality of health plans for their employees. Benefit plans and employee benefit insurance remain a significant concern, no matter what area of the globe you live in, and it is important to know that benefits for employees are available should they need them. Employee benefit insurance helps to ensure that full time employees and their families are able to receive the healthcare they need, and with growing costs, like braces cost and dental implants cost, employees need resources that will help them to find the medical care they need. In addition, finding health insurance that covers medical treatments such as treatment for mental illness is also crucial, considering these types of illnesses are just as serious as any other. If you are an employer who is looking for great employee benefit insurance for your hard working employees, what should you know about these kinds of plans?

Many employee benefit insurance plans and other types of insurance are related to the Canada Health Transfer, or CHT. The CHT, which is provided by the government of Canada, is the transfer payment program in support of the health systems of provinces and territories of Canada. Currently, these systems seem to be working for Canadian residents, as over ninety percent of Canadian citizens prefer their healthcare system as opposed to a United States style system, according to a survey provided by the Strategic Council. Employee benefit insurance programs offer Canadian residents multiple benefits, considering that approximately thirty percent of health expenditures in Canada come from private sources including insurance and out of pocket payments. This may help to relieve some of the burden that U.S. citizens feel, such as covering large copayments for treatments and waiting for reimbursement from an insurance company or provider.

Many employee benefit insurance plans in Canada also cover preventative care. Under the Canadian health care system, early detection and preventative care are currently considered important. In addition, Canadian residents are encouraged to undergo yearly checkups. It is reported that early detection helps to extend life expectancy as well as quality of life. In addition, it reduces overall costs. As such, if you are looking for employee benefit insurance for your employees, consider researching multiple plans in order to ensure that each one offers the maximum amount of coverage and benefits to your employees.

Comments (6)

  • September 16, 2013 at 1:00 pm |

    I wish that the United States had a healthcare system like the one in place in Canada. There is no way that over ninety percent of citizens of the United States are happy with our current system.

  • February 28, 2014 at 9:35 pm |

    I think it is awesome that only thirty percent of the healthcare costs come from out of pocket expenses or insurance. That is really great and I am sure it reduces stress, like the article states.

  • Ricardo Kelley
    March 31, 2014 at 12:33 pm |

    I think it is awesome that only thirty percent of the healthcare costs come from out of pocket expenses or insurance. That is really great and I am sure it reduces stress, like the article states.

  • Zachary Patterson
    April 30, 2014 at 2:26 pm |

    I think it is awesome that only thirty percent of the healthcare costs come from out of pocket expenses or insurance. That is really great and I am sure it reduces stress, like the article states.

  • Miguel Morales
    May 30, 2014 at 2:28 pm |

    I think it is awesome that only thirty percent of the healthcare costs come from out of pocket expenses or insurance. That is really great and I am sure it reduces stress, like the article states.

  • June 29, 2014 at 2:30 pm |

    I think it is awesome that only thirty percent of the healthcare costs come from out of pocket expenses or insurance. That is really great and I am sure it reduces stress, like the article states.

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