Nowadays, most employees are being offered a group insurance by their company. This insurance is very important since it not only gives them access to healthcare, but also protects them and their families.
Group insurance is a compulsory social benefit once an employee admissible (the admissibility date varies from one company to another).
It is important to remind what is included of a group insurance:
- Life insurance for the employee and his/her dependant.s (children, spouse or partner) which means that in case of death, the beneficiaries will get a lump sum.
- Disability insurance that allows the employee to keep getting his/her salary in case of long-term disability.
- Health insurance which is an additional coverage for health-related spending (drugs, paramedical care such as massotherapist, chiropractor, medical devices, eye test etc.).
- Dental insurance
- Travel insurance (included in the health insurance).
- Death and accidental mutilation: an additional insurance life amount can be given.
The benefits of a group insurance are as follows:
- Shared cost between employer and employee
- Coverage for yourself and your family with no proof of health
- The possibility of getting out of RAMQ while getting a more generous protection.