BENEFITS FOR EXECUTIVES
Executive Benefits Plan
What Is An Executive Benefits Plan?
When it comes to providing health care benefits to your company’s owners, executives, and key employees, traditional benefits plans can be limiting. Often, conventional benefits plans don’t allow for separate options for groups within a business, leaving companies with a single benefits plan structure for employees, regardless of their compensation policies.
Companies don’t compensate everyone equally, so why are owners, executives and key employees receiving the same benefits as everybody else?
At The Benefits Trust, offering flexible, custom-designed benefits plans is the core of our business. As a third-party administrator, our unique method helps employers gain complete control over employee benefit costs, maximizes plan design flexibility, and enhances tax-advantaged benefit opportunities.
Our executive benefits plan allows for the same degree of flexibility and can be layered as a separate benefit for a key group of employees without disrupting your current plan or integrated into a complete benefits plan design for your company.
Our executive benefits include solutions like concierge healthcare and comprehensive executive medical benefits, providing assistance in identifying and preventing chronic diseases, addressing everyday health concerns, and providing real-time medical intervention for complex health issues that may arise.
Start providing added value for key employees, and set yourself apart in the industry to attract top talent to your business.
Interested in a Benefits Plan for Executives?
Talk to your advisor, call us for a 10-minute chat, or submit a callback form.
How to Layer Executive Benefits into Your Existing Plan
When an executive benefits plan is added to your current plan, it provides extra benefits and opportunities to owners and key executives without conflict or disruption to your current plan. This addition allows owners and executives to claim a broader range of CRA-approved medical expenses not typically included in a conventional core plan, such as laser eye surgery and comprehensive dental work.
Adding these additional benefits to your plan transforms many medical costs into a pre-tax expense, saving owners money and unlocking monetary incentives for executives and key employees without incurring additional compensation costs. Value can be unlocked by simply shifting how benefits are paid, making it a more potent compensation and retention tool.
Integrating Executive Benefits into a Complete Plan Design
An executive benefits plan can be offered to other employees within your organization, not just executives!
Supplementary coverage can be built into your standard benefits plan to cover any number of people in your organization, from junior-level employees to executives. The plan can even be used as a retention tool or for recognition of achievement!
Many employers prefer the simplicity of an integrated approach, with both a standard benefits and executive benefits plan managed together by The Benefits Trust.
Benefits for Executives
Plan Highlights
- Ideal for business owners who want to provide a specialized benefits package for owners, executives, and other key employees.
- An excellent choice for businesses with multiple owners who have uneven expense levels and want to determine cost sharing internally at year-end.
- Ideal for business owners when there is no existing coverage and when you have an idea of your medical and dental expenses and “just want everything covered”.
Coverage Amount
- Unlimited coverage, you own any surpluses or deficits.
- All expenses will be paid at 100%.
Administration Fee
- 15% of contributions
- No setup fees, annual fees, per-claim fees, or fees for booklets.
What’s Covered?
- Drugs
- Dental including orthodontics and implants
- Vision, including laser surgery
- Expenses related to physical and learning disabilities
- Paramedical and registered therapists
- Medical cannabis
- Hospital Coverage
Optional Catastrophic Coverage
- Travel insurance
- Life insurance
- Accidental death and dismemberment
- Critical illness
- Long-term disability
- Catastrophic drug coverage up to $1 million over a lifetime
Online/Smartphone App Claim Submission?
Benefits Card?
Pay Direct Drug Card?
We Can Match Your Existing Plan
Keep the benefits blueprint you trust while enhancing it to make it exactly what you need it to be. Our team can quickly adjust and change your existing plan to work perfectly for you.
Most Traditional Employee Benefits Plans Look the Same
Cost
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
Support
WATCH AND LEARN HOW
The Benefits Trust Creates a Custom Benefits Plan to Meet Your Company’s Needs
- You pay for the insurance you want
- You only pay for the claims you have
- Administrative costs are fixed and transparent
Tools and Resources
Have An Inquiry About Our Plans?
Call us at 1-800-487-2993
Email us at [email protected]
Regular Hours of Operation:
Monday – Friday 8:30am – 5:00pm