In conjunction with SSQ Insurance, HUB Financial offers optional supplementary coverage to all FlexSave™ applicants. For a minimal cost, this coverage provides clients with protection should a catastrophic medical event occur either in province or while traveling. Available exclusively to FlexSave™ clients, this plan offers two areas of protection in one plan.
1. Travel Medical1
If you and/or your covered dependents require medical or surgical treatment outside your own province of residence, this policy will pay certain covered expenses to a maximum of $2,000,000.
There is no deductible associated with this component; however, coverage is limited to a maximum trip length of 60 days.
2. In-Province Catastrophic1
If you and/or your covered dependents require medical or surgical treatment due to injury, sickness or disease in your province of residence, this plan will pay for the following covered expenses after the deductible of $1,500 per person per category is satisfied.
The plan will then cover up to $25,000 per category expense up to a combined maximum of $125,000 annually subject to a total lifetime maximum of $250,000.
The expense categories are:
a) Semi private hospital room and board
b) Private nursing (ordered or prescribed by a Physician)
c) Prescription drugs, sera and vaccines d) Ambulance (including air)
e) Services of specific licensed practitioners
f) Rental of durable medical equipment
g) Accidental Dental coverage
|Available Plan Versions
Coverage to age 70
Travel Coverage: No
Catastrophic Coverage: 6 months*
|Coverage to age 70-75
available for new clients or upon existing insured reaching age 70
Travel Coverage: 6 months
Catastrophic Coverage: 6 months
|Stop Loss to
Age 70 Rates2
|Stop Loss Age 70-75 Product Rates2
1. Please refer to the policy contract for full details on benefits and restrictions. 2. Rates are subject to change with notice
* The 6 month pre-existing condition clause does not apply to the Coverage to Age 70 plan when there are 10 or more employees enrolled in the plan.
A Wellness Plan is a separate benefit category within a FlexSave™ account and has its own limit/amount of benefit. The Wellness Plan shares the same benefit period, unused benefit option and co-pay structure as the main FlexSave™ plan. Adding a Wellness Account to FlexSave™ provides plan flexibility allowing employees to:
• Enhance and maintain personal health and wellness
• Pay for expenses not on eligible expense list, or those removed from list by CRA
• Pay for expenses above main plan limits
Wellness Account Categories
Adding a Wellness Plan expands the expense categories in the plan to include things like:
• Health and wellbeing – i.e. naturopath, smoking cessation
• Fitness activities – i.e. gym membership
• Fitness equipment
• Family care/child care
• Professional services i.e. health assessments/health care
Taxation of Wellness Benefits
Wellness reimbursements to an employee are considered a taxable benefit to that employee. As such employers must provide totals on the employee T4.
Wellness Account Reporting
In order to provide employers with the information necessary to report a taxable benefit on their employee T4, HUB Financial will provide an annual report of all Wellness claims paid for employees. This report will be automatically generated at the end of each calendar year.