CHARTERED PROFESSIONAL ACCOUNTANTS HEALTH PLAN

CPA MEMBER'S HAVE UNIQUE PLAN DESIGN ABILITY

The CPA Health & Dental Plan is a benefits plan that provides flexible coverage, and a management tool that controls costs for CPA accountants, business owners, employees and their clients. The CPA plan provides the security of a benefits plan without the expensive mandatory premiums or restrictions. CPA Professionals know how to solve problems and work with insurance companies. Most importantly CPA’s understand how the financing of benefits is determined.

The CPA Health Plan is #1 in flexibility, cost and service

The CPA Health Plan has volume specialty contracts unique to your CPA Association underwritten by Canada’s top insurance companies. This provides you, the professional accountant with the #1 plan choices in Canada to fit your Business model.

The CPA Health Plan has been designed to provide benefits not only directly to members, but provides benefits for CPA members and their clients. Employers can also benefit when working with a CPA professional on staff.

The knowledge of a CPA professional has been recognized by the plan’s insurance company’s underwriters as transferable and valuable.

Statistics show that CPA members involvement in a company’s benefit plan results in higher profits for the insurance companies. This is due to better retention of the benefit plan due to less turnover of business.

COMPULIFE INSURANCE QUOTE
ACE LIFE INSURANCE QUOTE
EMPIRE LIFE INSURANCE QUOTE
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TRADITIONAL GROUP INSURANCE
TRADITIONAL SELF-FUNDED CREDIT
FLEXIBLE PUHL PHSP PLAN

The CPA Benefits Plan has been designed into 3 pools of companies.

The pools are reviewed annually providing volume discounts. The combined volume of the 3 pools of companies will determine the overall volume discount.

  1. CPA public practice firms
  2. Outside companies (non-CPA) – with a CPA on contract for accounting
  3. Outside companies with a CPA professional working for the company

CPA Association Buying Power 25% Below Market

Categories of plan design choice:

  1. Traditional – insurance company funding – peace of mind of known companies.
  2. ASO – Administrational services only – self-funding by company – as low as 15% on claims.
  3. Flexible PHSP Health and Dental – stand-alone. As low as 5% on claims.
  4. Insured Benefits – Life, Disability, Critical Illness – design to your business model.

CPA Rate Guarantees:

  1. 2 years and 3 months rate guarantee on Life, Dependent Life and Long & Short Term Disability
  2. 1 year and 3 months rate guarantee for Health and Dental
  3. The CPA Health Plan is #1 in flexibility, cost and service.

GROUP TRADITIONAL BENEFITS

Insurance Company Line of Credit

  • Most popular for companies of 10 to 35 employees
  • Available for three plus participants
  • Monthly premiums are payable
  • Insurance Company provides line of credit to your Company to pay claims
  • Claim costs spread among all current employees
  • Employees control the line of credit by the amount of claims submitted
  • Financing costs (mark-up) are based on 25 % or more per employee’s claim
  • Mark-up on claims is based on your company’s size
  • Company repays claims the Insurance Company reimbursed next year
  • Internal product limitations & clauses
  • Coordination of benefits does apply
  • Responsible for repayment of a claims
  • Physiological value to the Employee
  • Easy to explain and understand
  • Choice can walk away from obligation to repay line of credit (claims)
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TRADITIONAL ASO GROUP

Self-Funding By Line of Credit

  • Most popular for companies of 35+ employees
  • Available for 105+ employees
  • Monthly premiums are payable
  • Your company provides line of credit to your Company to pay claims
  • Claim costs spread among all current employees
  • Employees control the line of credit by the amount of claims submitted
  • Financing costs (mark-up) are based on 15 % (maximum) per employee’s claim
  • Mark-up on claims is based on your company’s size
  • Company repays claims on a month to month basis
  • Company designs internal product limitations & clauses
  • Coordination of benefits does apply (A costly item)
  • Physiological value to the Employee
  • Easy to explain and understand
  • Company cannot walk away from obligation to repay their line of credit (claims)
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PRIVATE HEALTH SERVICES PLAN

Flexible Health & Dental Plan

  • Most popular for companies with 0 to 9 employees
  • Available for one plus participants
  • 100% Flexibility and control of Claims by employee
  • Ability to transfer claims to supplemental 3rd party for health and dental
  • Dental and Drug Components (employee Flexible choice health & dental plans) are used to divert the costs of paying claims away from your Company to a professional payer, while increasing employee coverage
  • Stop Loss Plans to cover Catastrophic Claims (High Deductibles) available
  • Cost Control for the company
  • No external line of credit necessary
  • Pay as you claim’ based on as low as 5% per claim
  • Coordination of benefits does not apply – this is good
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RISK MANAGEMENT & INSURANCE

Life, Disability, Critical Illness – design to your business model

  • Most popular for companies of 35+ employees
  • Available for 10+ employees
  • Monthly premiums are payable
  • Your company provides line of credit to your Company to pay claims
  • Claim costs spread among all current employees
  • Employees control the line of credit by the amount of claims submitted
  • Financing costs (mark-up) are based on 15 % (maximum) per employee’s claim
  • Mark-up on claims is based on your company’s size
  • Company repays claims on a month to month basis
  • Company designs internal product limitations & clauses
  • Coordination of benefits does apply (A costly item)
  • Physiological value to the Employee
  • Easy to explain and understand
  • Company cannot walk away from obligation to repay their line of credit (claims)
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Additional Travel Plan & Coverage Available

The optional Travel Plan provides protection in the case of an accident or illness providing the funds to cover your medical expenses while away from home.

The CPA Travel Plan Offers:

  1. Flat Cost of $195 Per Year Per Family
  2. Out of Province & Country Medical Travel Insurance
  3. 60 Days of Continuous Coverage for Each Trip
  4. Underwritten by SSQ Insurance

 

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