Advantages to the Employee
- Provides 24-hour coverage for all benefits
- Most benefits provided tax free
- Provides convenient drug coverage through pay-direct drug cards
- Provides out-of-country emergancy care for business or pleasure - no need to buy individual travel insurance
- No Medical required for coverage
Advantages to the Employer
- Helps attract and retain key employees.
- Less expensive than a raise because there are no additional increases in CPP, EI or WSIB payments, and premiums are tax-deductible. A tax effective form of compensation!
- Can increase productivity, morale and the quality of employee's work.
- Healthier employees to reduce turnover and absenteeism.