Plan Design & EAP

Question 1

What types of statutory benefits do employers provide?

Answer 1

• CPP
• EI
• WCB
• Paid time off

Question 2

What non-statutory benefits can employers provide?

Answer 2

• Mandatory group life - flat amount or x earnings
• AD&D
• Weekly Indemnity (WI A.K.A. Short-term disability)
• Long-term disability (LTD)
• MSP
• Dental
• Extended Health (e.g., vision care and drug coverage)
• Paid time off (non-statutoty)
• RRSP/ Pension contributions
• EAP
• HCSA
• Critical illness insurance
• Non-insurance benefits/ prerequisites

Question 3

Who pays for benefits plans?

Answer 3

Premiums: Employee, employer or split

Can have: contributory, non-contributory, Employee paid

Coinsurance for health, dental, and other benefits:
% of eligible expense above deductible that is paid by benefits insurance plan (e.g., 80% coinsurance for drug costs)

Deductibles: inflation and incentives