Owning a small business can be a balancing act. On one side, there’s that glorious freedom to do what you love. But on the other, getting downtime is not easy. What would happen if there’s a medical emergency and you need to get back on your feet fast? To get care, you and your employees may spend an average of $2,579 on health costs¹ that are not covered by your Government Health Insurance Plan.
Ask yourself this: can your personal or business cash flow handle downtime caused by an illness or accident?
If an expensive health event would impact your bottom line, it’s time to rebalance and get health insurance coverage for you and your employees to pay for healthcare needs, so you don’t have to disrupt your business’s operational cash flow.
How do healthcare expenses impact your cash flow?
Spending a little on health insurance premium every month can save you a lot on healthcare expenses later. Out-of-pocket health costs continue to rise in Canada.¹
The Association Health & Dental Plan starts where provincial plans stop. Medical equipment and the services of many healthcare service providers are not covered by provincial health insurance plans in Canada including
- Prescription drugs
- Dental care
- Travel insurance
- Home support services
- Medical equipment
- Eye exams, glasses and contact lenses
- Hearing aids
- Ambulance transportation
- Private and semi-private hospital rooms
- Registered therapists like podiatrists/chiropodists, chiropractors, osteopaths, acupuncturists, speech therapists, naturopaths, physiotherapists, massage therapists, and more
An Association plan can provide coverage for these healthcare costs and more. That’s how an Association plan can help save you thousands of dollars on routine and unexpected costs that can so easily unbalance your cash flow.
The premium you pay for a plan is based on your province of residence, your age and your family members. Single? Your costs can be about $80 a month* – the cost of a coffee a day. Just you and your spouse? Premiums are as low as $70 each. Do you have children? They can be added to your plan for about $20 each. This annual cost of health insurance can be far less than the average health costs not covered by the government, and that works to protect your cash flow.
Manulife’s Association health and dental plans include coverage for vision care, registered specialists and therapists, and much more. Their flexible design and features are perfect to provide your small business’ staff with dependable and economical coverage.
Some Association plans may not require you to complete a medical questionnaire at the time of application, so your acceptance is guaranteed, provided you meet the eligibility criteria.
Through a Manulife Association health and dental insurance plan, you can obtain the coverage you need to bridge gaps in the provincial health coverage.
One-size-fits-all usually fits no one–especially when it comes to health and dental coverage.
That’s why the Association Health & Dental Plan offers 8 affordable choices, to give you the coverage that’s right for you, at the price you need.
Compare to choose your level of coverage
There are increasing levels of coverage for:
- Dental Care
- Vision Care
- Prescription drugs
- Travel and more
Your 4 Health & Dental Plan choices*:
The Association Base plan has no medical questionnaire.
Your 4 Dental Plan choices with basic health coverage*:
With all 4 dental plans you can get faster coverage, with no medical questionnaire. And its immediate coverage that starts the first day of the month after you’re approved.
Association Health & Dental Insurance is not a group plan
The Association Health & Dental Insurance is not a group plan but can be a strong alternative for your small business to offer to employees for so many reasons
- Do you need a guaranteed acceptance plan while your employee wants higher prescription drug coverage?
No problem! You can select different plans based on your needs.
- 100% participation not required
Plans may be offered to full-time and part-time employees and 100% participation is not required.
- Plans are portable
You can keep your plan no matter where you work within Canada (except for Quebec if plan covers employees). *
- Save money on a plan administrator
You don’t need to have a plan administrator, which saves you money and time compared to a group plan.
- Flexible payment terms and savings
Take advantage of savings when you pay semi-annually or annually!
- No cut off age and coverage is guaranteed renewable!
There is no cut off age for when you can apply and regardless of changes to your health, your coverage is guaranteed renewable up to age 70 and beyond
Help when you or your employees need it most: that’s included too!
All Association Plans are fully backed with a 30-day money-back guarantee, plus
- Akira by TELUS Health (Virtual Health Care App)
Gives you 24/7 access to health care practitioners online, through the app. Plus, you have easy access to lab results, prescriptions, refills and referrals.
- Lifeline® Medical Alert Service
Do you have a partner or loved one living at home who is at risk of falls, recovering after surgery, has mobility issues or special health concerns? Lifeline provides instant help 24 hours a day, 365 days a year.
- Online claims
You can make and view your claims history online.
Protect your cash flow today
Available to those who are looking for supplemental health care coverage as an individual, as a family, or as a business Manulife Association plans are available exclusively through preferred brokers like SBIS.
We can help you determine if you qualify for coverage under the Manulife Association plan. Go online to find out more or contact us today for a no-obligation quote. We’re available Monday to Friday, from 8:45 am to 4:45 pm Eastern time.
*Based on Association Plan 2021 features and pricing
¹Statistics Canada, “Household spending, Canada, regions and provinces,” November 25, 2019.