Plan Strengths
For Control of Employee Benefit Coverage and Cost
Employee benefits are designed to meet a wide variety of employee needs, from financial protection in the event of death or disability to covering their family’s health and dental bills. Some of these events can be anticipated and budgeted for, like routine visits to the dentist and pharmacy bills. Others cannot – illness and accident are often unpredictable and the benefit costs associated with them can be substantial. Maximum Benefit programs allow you to look at these risks and costs and cover them with the best elements available in the group insurance market today.
Concerns with Fully Insured Plans
Traditionally, most companies chose a benefit plan provided through an insurance company.
Choosing the Right Elements
There are risks that employers do not wish to assume due to high and unpredictable costs.
Maximum Benefit - Insured Benefits
In the group insurance industry, insurers spread the risk of catastrophic benefits like life, long term disability, and even travel health coverage.
Maximum Benefit - Self Funding
Unlike benefits that need a pure insurance element, health, dental and even short term disability claims occur more frequently but are relatively low cost.
Self Funding Myths
Is there a downside to self-funded plans? For a company with a solid understanding of how the plan works, many of the common myths about self-funding are put to rest.
Third Party Advantage
Maximum Benefit is administered by Johnston Group Inc. - one of Canada's leading group insurance administrators providing benefits services to more than 27,000 businesses and their employees.
Stop Loss
Stop Loss insurance provides your company catastrophic claim protection against large medical expenses in a self-funded plan.
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