Optimax and our carriers offer you flexibility – employee term insurance benefits in a flat amount-per employee or as a multiple of their earnings.
Accidental Death and Dismemberment (AD&D)
Life insurance benefits double in the case of accidental death. In the case of dismemberment, set amounts are established for loss of limbs, loss of sight, hearing or other abilities.
Your family is foremost with Optimax: Our carriers’ coverage provides family term life benefits for spouses and dependent children of employees (flat amount for spouse and child).
Income replacement, usually two-thirds of employee’s salary, starts on the first day of hospitalization and on the eighth day of sickness, up to a maximum of 17 or 26 weeks.
Comprehensive benefits start when short-term disability ends, with a waiting period of 17 or 26 weeks. Benefits will be paid until the employee turns 65. Shorter benefit periods, such as 5 years, are available to help with cost control.
Extended Health Care
Designed to supplement provincial medical plans, major medical coverage includes prescription drugs, vision care, massage, chiropractic care, psychologist referrals, and much more, including out-of-province and out-of-country coverage.
Dental packages, important features of any group benefits plan, are made up of three components:
▪ Basic and preventive dental care, including cleanings, fillings, check-ups and x-rays.
▪ Major restorative work involving crowns, bridges, and dentures.
▪ Orthodontics, including braces.
Tax-free lump sum benefits following a set waiting period are available for employees who survive a critical illness, covering stroke, cancer, heart attack, multiple sclerosis and more. Such funds are intended to assist care-givers in meeting additional medical needs, nursing costs, transportation needs, and other related costs.