A better choice for both employer & employee:
The enVia Benefits by Choice Program is a unique combination of a Health Spending Account (HSA) and a Registered Retirement Savings Program (RRSP) designed to provide employers with cost-controlled health, dental & other benefits, and employees with much greater flexibility in terms of what the funds can be spent on!
Key Features:
- No annual inflationary increases - employer defines annual cost
- No wasted premiums - unspent HSA amounts carry forward to 2nd year
- Employee choice - direct contributions to Healthcare, RRSP or both - great for people who already have spousal coverage!
- Operates like a Health & Dental Bank Account with 24/7 online access
- Employees can now claim expenses not normally covered!
- Includes MDM Pay-Direct Health Benefits Card
- HSA includes Excess Medical Insurance to provide additional umbrella of critical illness protection (underwritten by the Western Life Assurance Company)
- Everyone qualifies - no health evidence required for HSA (employees must work at least 20 hours per week)
RRSP option provides greater flexibility:
Employees who have adequate health and dental coverage through a spousal plan, or who enjoy good health and have few medical claims each year may choose to direct some or all of the employer contribution to an RRSP. A variety of investment options are available to the employee, and the amounts allocated to the RRSP vest immediately.
Meanwhile, the employee decides how the available funds will be spent to meet his/her personal protection needs. This can mean directing all of the funds to a Health Spending Account or to an RRSP, or to a combination of both! Most importantly, employees can now claim expenses not normally covered by a traditional health & dental plan - things like Laser Eye Surgery, Orthodontia, Dental Implants and even the therapy costs for Autistic children, for example.
What can I claim?
The HSA opens up a whole new world of claimable expenses not covered under traditional plans, all with 100% reimbursement and no deductibles or co-pays!
The enVia Benefits by Choice Program is a unique combination of a Health Spending Account (HSA) and a Registered Retirement Savings Program (RRSP) designed to provide employers with cost-controlled health, dental & other benefits, and employees with much greater flexibility in terms of what the funds can be spent on!
NEXT STEPS:
Setting up your enVia Benefits By Choice Program is quick & easy. You can start by downloading the Brochure & Application Kit, or simply Contact Us and we'll take care of everything...