How do employee benefit plans work?

Risk Management Financial Planning

How do employee benefit plans work?


Employer-sponsored benefit plans deliver more than just drug and dental coverage. The more you understand about these plans, the better.

Government health insurance doesn’t cover all the average Canadian’s healthcare costs. That’s why it’s important to understand and take advantage of  employer-sponsored health plans, including group life and health arrangements, that you may be offered at work.

What kinds of benefit plans are there?

Employers can sponsor group life insurance, accidental death and dismemberment insurance, extended health care, dental care and disability benefit plans. It’s important to note that when you make a claim, it will be paid based on your employer-sponsored plan’s specific coverage.

To continue reading about how employee benefit plans work in this insightful article by Sunlife, CLICK HERE. Be sure to contact Harry or David with any questions.