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PLANS FOR CANADIAN EMPLOYEES OF US FIRMS

Benefits Plans for US Businesses in Canada

American corporations expanding into Canada often hire Canadian citizens to work for them in Canada and serve their Canadian customers. With significant differences in each country’s healthcare systems, U.S.-based companies need simple solutions for their Canadian employees.

How We Support US Businesses with Employees in Canada

The most important thing to keep in mind when looking for an appropriate benefits plan for your Canadian employees is to provide a valuable, simple plan. If your U.S.-based HR team is unsure of how the Canadian healthcare system works, you need to work with a team who can provide you the information you need and keep it simple to understand, all while ensuring your Canadian employees have the benefits they need.

Whether your company has a single Canadian employee or a larger group, our team is here to support you as you set up benefits for your Canadian employees.

At The Benefits Trust, we recommend two specific plans for US corporations in this situation – Healthcare Spending Accounts and SelectFlex benefits plans.

INVEST IN A BENEFITS PLAN WITH TBT

BENEFITS PLANS FOR US BUSINESSES IN CANADA DETAILS

SelectFlex and HCSA Plans

Show your Canadian employees you care with benefits packages that support their needs.

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Plan Highlights

SelectFlex Plans

  • Similar to a conventional style defined benefit plan, but with flexible options.
  • Mandatory Extended Healthcare (including a drug card), travel Insurance, and hospital expenses.
  • Learn More

Healthcare Spending Accounts

  • An HSA provides the broadest possible definition of coverage for any plan in Canada.
  • It provides complete coverage flexibility for any CRA-approved health, drug, vision, and dental expenses.
  • It can replace or exist alongside conventional medical and dental coverage.
  • Learn More

Coverage Amount

SelectFlex Plans

Healthcare Spending Accounts

  • The HCSA limit is fixed by the employer and can be changed at annual renewal.
  • All expenses will be paid at 100%, up to the set limit.

Administration Fee

SelectFlex Plans

  • Pooled benefits premiums inclusive of fees.
  • Administration fee of 20% for Health and Dental
  • Healthcare Spending Account fees are 15% of contributions.
  • No setup fees, annual fees, per claim fees, or fees for booklets.

 

Healthcare Spending Accounts

  • 10-20% of contributions
  • No setup fees, annual fees, per-claim fees, or fees for booklets

What’s Covered?

SelectFlex Plans

The TBT SelectFlex benefits plan for small businesses includes core mandatory coverage of:

  • Drugs
  • Travel Insurance
  • Semi-Private Hospital Room
Healthcare Spending Accounts

The TBT HCSA covers a wide range of healthcare expenses including:

  • Drugs
  • Dental, including orthodontics and implants
  • Vision, including laser surgery
  • Expenses related to physical and learning disabilities
  • Paramedical and registered therapists
  • Hospital Coverage

Optional Coverage

SelectFlex Plans
Optional catastrophic coverage can include the following:

  • Life Insurance
  • Accidental Death & Dismemberment
  • Critical Illness
  • Long-Term Disability
  • Healthcare Spending Account (this can be used to cover all other healthcare-related expenses such as paramedical/registered therapist services)
  • Basic Dental Coverage

Healthcare Spending Accounts
Optional catastrophic coverage can include the following:

  • Travel Insurance
  • Life Insurance
  • Accidental Death & Dismemberment
  • Critical Illness
  • Long-Term Disability
  • Catastrophic drug coverage up to $1 million over a lifetime

Online/Smartphone App Claim Submission?

Yes

Benefits Card?

Yes

Pay Direct Drug Card?

Depends on the plan.

Interested in a Benefits Plan for Your US Business in Canada?

Talk to your advisor, call us for a 10-minute chat, or submit a callback form.

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Most Traditional Employee Benefits Plans Look the Same

Consider the following when choosing a new plan.
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Cost

Budgets are always on the minds of small business owners – and we can’t blame them! At The Benefits Trust, we provide the most value and maximize cost efficiency with customized plans that cater to the needs of your employees.

Service

Delivering more value means more than offering comprehensive employee benefits. It means creating a partnership with your provider that’s based on dedicated representative customer service. It means flexibility in the solutions we offer and responding to your inquiries immediately.

Plan Design

We think outside of the traditional benefits box. Our clients (and their employees) enjoy custom benefits plans that have been specifically designed to cater to business and employee needs and goals.

Support

At The Benefits Trust, we prioritize unparalleled support for our clients. Think of us as your benefits department; from the initial setup to ongoing management, we ensure your benefits plan runs smoothly.
WATCH AND LEARN HOW

The Benefits Trust Creates a Custom Benefits Plan to Meet Your Company’s Needs

With a third-party administrator like us:
  • You pay for the insurance you want
  • You only pay for the claims you have
  • Administrative costs are fixed and transparent
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Have an Inquiry About Our Plans?

Navigating benefits can be complex; lean on us for clear, concise answers to all your plan-related questions.

Call us at 1-800-487-2993

Email us at [email protected]

Regular Hours of Operation:

Monday – Friday 8:30am – 5:00pm

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What’s Covered?

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