With The Hybrid, you no longer have to compromise. Get all the flexibility and cost controls from The Wallet with the protection from group insurance.
You love The Wallet, but you don't want to give up the essential group insurance products. Well, we've got you. The Hybrid gives you all the essentials plus The Wallet.
Critical Illness coverage provides a lump sum payment to employees facing serious health conditions, helping them manage expenses and focus on recovery without the added stress of financial strain.
Provide your employees with essential coverage for medical emergencies during international travel, giving both you and your team peace of mind.
Life and Accidental Death & Dismemberment (AD&D) coverage ensures that your employees and their families are supported financially in the face of life’s most challenging moments.
Dependent life coverage provides essential financial security for your employees' families, offering peace of mind by ensuring that loved ones are taken care of in the event of an unexpected loss.
Ensure your team has affordable access to the medications they need to maintain their health and well-being.
In the event one of your employees are unable to work due to a serious illness or injury, Long-Term Disability coverage ensures they continue to receive a stable income, safeguarding their livelihood.
Your employees can personalize their Wallets with five benefit categories. Empower your team with benefits that meets their health, wellness, and financial goals.
A Healthcare Spending Account is your personal health budget, empowering you to cover a wide range of medical expenses, from dental work to massage therapy, exactly as you see fit.
A Wellness Spending Account gives you the freedom to invest in your well-being, covering costs for activities and services that keep you at your best, like gym memberships or yoga classes.
An RRSP, or Registered Retirement Savings Plan, is your financial nest egg for the future, allowing you to save for retirement on a tax-deferred basis.
Charitable Giving lets you support causes close to your heart directly from your Wallet, making it easy and efficient to contribute to the greater good.
Personal Insurance offers you a safety net for life's unexpected turns, covering everything from health emergencies to long-term disability. It’s designed to provide peace of mind, ensuring you and your loved ones are protected.
We know with implementing a new benefits plan, there are many questions that need to be asked about cost, coverage, how it differs from your current plan, and more. Well, we're here to help.
For our flexible spending solution, The Wallet, we charge a 7.5% admin fee plus taxes on each claim. Your business only pays when claims are made. No claims, no cost.
Regarding The Hybrid's insurance component, we'd work with our insurance carriers to generate a quote based on your existing group insurance plan or team demographics.
Whether you want to save, keep the same cost, or invest more in your team, The Hybrid meets your needs.
Yes, your team will have coverage for Vision, such as new eyeglasses, and Orthodontics for them personally and family members.
For The Hybrid, you'll need a minimum of three employees.
Most commonly, your Dental, Extended Health, and Prescription Drugs usage drive up your renewal costs. With The Hybrid, you'll move your Dental and Extended Health benefits to The Wallet for our cost control capabilities, thus higher usages from your team won't trigger higher premiums. At the same time, you'll receive coverage from all the preventative products such as Life, Long-Term Disability, and Prescriptions. All the flexibility and cost control from The Wallet. All the risk and protection from insurance. The best of both worlds.
Firstly, you'll provide us with your current plan's Plan Booklet, Experience Report, and an Employee Census form to establish the group insurance pricing for your new Hybrid plan. We'll then assist you in providing your 30-day cancellation notice to your existing provider. Lastly, we'll create your Wallet account, add your employees, and set your plan's start date as the day after your 30-day cancellation.
We'll provide you an Employee Census form to complete so we can provide your group insurance pricing. Once you agree to the pricing, we'll get you and your team set up on The Wallet to leveraging our benefits. Your group insurance policy will kick in the following 30 days.
We'll reach out to answer your questions, walk you through our benefits platform, and provide you with a personalized quote. We're here to help you design the best benefits plan for your team.
