Hybrid Benefits Plans

Achieve greater flexibility with a hybrid benefits package designed to suit your company’s needs. Provide a range of benefits to different groups in your organization, ensuring employees get the benefits and coverage they need to thrive.

What is a Hybrid Benefits Plan?

Hybrid plans are a balance between a defined benefits plan and a defined contribution plan. A hybrid plan combines the advantages of both standard benefits plans and HCSAs, resulting in a flexible and cost-effective solution for your business. Employers can choose where they would like their plan to fall along the defined benefit–defined contribution spectrum to best suit their staff and budget.

Defined Benefits Plans

  • Conventional benefits plan
  • Premium rates are set annually in advance by the insurer
  • Percentage of reimbursement, eligible and ineligible expenses, and annual and lifetime maximums are all defined
  • Typically includes Life, AD&D, Long Term Disability, Extended Healthcare, and Dental Care
  • Tax advantages, if defined properly for key executives
  • Insurer controls costs

Defined Contribution Plans

  • Health Care Spending Account (HCSA)
  • Contribution amount per employee defined annually in advance by plan sponsor
  • Employees can claim from their HCSA as they incur Canada Revenue Agency-eligible expenses
  • Employer controls costs
  • 100% cost certainty, rates will never change unless you choose to change them

Interested in a Hybrid Benefits Plan for Your Business?

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


Hybrid Benefits Plan

For companies that like the familiarity of a traditional benefits plan but with more cost control and flexibility.

Plan Highlights

  • Build a Hybrid plan with customized traditional coverage, with only the benefits you want to include, supplemented by a Healthcare Spending Account for flexibility and cost control.
  • The Benefits Trust can create a traditional plan for you – keeping only the coverage you want, or you can keep your existing traditional plan, and strip it down to the extent allowed by your plan.
  • You can create an Executive Class and add Executive Benefits to your hybrid plan.

Coverage Amount

  • Conventional coverage limits and percentage paid (e.g. 80%) vary by plan (and can be customized).
  • HSA limit is fixed by employer and can only be changed at annual renewal.
  • HSA expenses will be paid at 100% up to set limit.

Administration Fee

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

What’s Covered?

The TBT hybrid benefits plan covers anything included in a standard plan. This wide range of healthcare expenses includes:
  • Drugs
  • Dental, including orthodontics and implants
  • Vision, including laser surgery
  • Expenses related to physical and learning disabilities
  • Paramedical and registered therapists
  • Hospital Coverage

Optional Catastrophic Coverage

Optional catastrophic coverage can include the following:
  • Travel insurance
  • Life insurance
  • Accidental death and dismemberment
  • Critical illness
  • Long-term disability
  • Catastrophic drug coverage up to $1 million over a lifetime

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Benefits Card?


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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

Consider the following when choosing a new plan.


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.


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.


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.

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

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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