Download CDSPI Group Benefits

CDSPI
Group Benefits
Innovative Health Coverage
Solutions that Work for You
Having benefits to deal with health costs is important to dentists, their
dental office staff and families. That’s why the CDSPI Group Benefits
plan (offered through Quikcard) allows dentists to protect themselves
and their immediate family (through their professional corporations)
— or everyone employed in their practices — with employee
group benefits.
With the CDSPI Group Benefits plan, everyday health care costs,
such as prescription medications and extended health can be
covered. These benefits can be provided on an insured basis, or
through innovative Health Spending Accounts which provide low
administration fees and maximum flexibility — while allowing cost
certainty for the dentist. To manage expenses for more serious
circumstances, a full range of employee group insurance products
is also available, such as life, disability and travel insurance.
Gain These Advantages
A tailored benefits package to meet your unique staffing and
budgeting needs
Flexible health benefits including vision, prescription drug coverage
and extended health
Access to innovative and affordable Health Spending Accounts
Employee group insurance products, including life, disability and
travel insurance
Help retain superior staff by providing attractive benefits packages
The CDSPI Group Benefits plan is a member benefit of the CDA and participating provincial and
territorial dental associations. CDSPI Group Benefits are not available to dentists in Quebec and
Ontario. The plan is provided by Quikcard, with insurance products provided by selected Canadian
insurers and arranged for by Quikcard Benefits Consulting Inc. and CDSPI Advisory Services Inc.
If you have questions about the plan, or would like to obtain no-cost
insurance planning advice* from a licensed professional, please call
CDSPI Advisory Services Inc. toll-free:
1-800-561-9401
www.cdspi.com/group-benefits
* Restrictions may apply to advisory services in certain jurisdictions.
CDSPI Group Benefits —
Working for You
Putting an employee benefits plan in place with CDSPI Group Benefits can
provide great protection. Choosing affordable Health Spending Accounts for the
health benefits provides flexible coverage employees want and cost-effectiveness
that dentists need.
Flexible Health Benefits
The plan offers a range of health benefit options, including coverage for:
•Vision: Prescription eyeglasses and contact lenses
•Extended health: Health costs beyond prescriptions, such as hospital stays,
ambulances, diabetic supplies and more
•Dental: Basic, major and orthodontic dental services
•Prescription drug coverage: Long-term medication or monthly maintenance
prescription requirements
•Stop Loss: Prescription drug coverage in the case of an unexpected medical
event that necessitates costly drug treatment
Dentists create their own custom packages by selecting the types of health
services they want and the limits for employees. They can choose these benefits
on an insured basis, or through innovative and affordable Health Spending
Accounts — which can also cover preventive and alternative therapies.
Health Spending Accounts
Health Spending Accounts (HSAs) are not insured products. They are fully
funded by the employer (or if desired, also in part by employees). The funds are
administered by Quikcard and used to pay for health claims for participating
employees. The best part is that most health treatments are eligible for coverage
under an HSA.
HSAs are cost effective. There are no sign up fees, no transaction fees and no
medical questionnaires to answer. Administration fees are only charged on the
claimed amounts and the unused portion of the contributions are returned or
rolled into the next year.
Fast and Convenient Service
Under the plan, trusted CDSPI Advisory Service Inc. and Quikcard advisors provide
dentists with the information and advice they need to make the best decisions
for their practices and help employees sign up quickly and conveniently.
Quikcard offers easy administration, superior customer service and prompt claim
payments. Employees can check the status of their Health Spending Accounts
online, and administrators in the practice can quickly add or remove members
from the plan and view an up-to-date company statement through the Quikcard
website.
Eligibility
You are eligible to apply for CDSPI Group Benefits if you are a licensed dentist
resident in Canada practising outside of Ontario or Quebec, who is a member
of a participating provincial or territorial dental association.
In order for a dentist to obtain CDSPI Group Benefits for themselves and their
families only (and not employees of their practice), they must have a professional
corporation or be a sole proprietor.
Long term disability insurance is not available to dentists under CDSPI Group
Benefits, but is available to dental office staff. Dentists wanting disability
insurance can contact CDSPI for information about the Long Term Disability
Insurance plan available through the Canadian Dentists’ Insurance Program.
Conditions and Limitations
For each of the components available under the CDSPI Group Benefits plan,
coverage details, terms, conditions and exclusions will apply based on the
specific component selected. Participants will be provided with coverage
information by Quikcard.
HSAs are typically set up with some limits on individual expenses or on the type
of expenses that can be claimed. These limits are determined by the employer,
meaning every plan is customized.
Superior Insurance Plans
The CDSPI Group Benefits plan offers a range of employee group insurance
products* backed by leading group insurers in Canada, including:
•Life and dependent life insurance: For the employee and for the employee’s
dependents
•Short term disability insurance: Protection of an employee’s income in the
event of illness, accident or hospitalizations for up to 17 weeks of continuous
disability
•Long term disability insurance†: Protection of an employee’s income in the
event of illness, accident or hospitalization after 120 days of continuous
disability
•Accidental death and dismemberment insurance (AD&D): Coverage in the
event of accidental death or dismemberment (loss of eyes, limbs etc.)
•Critical illness insurance: A lump sum payment in the event of a serious
illness or condition such as heart attack, stroke or cancer
•Medical travel insurance: Covers employees, their spouses and dependents
for unforeseen medical expenses while travelling on trips of 60 days or less
* Insurance products are provided by selected Canadian insurers and are arranged for
by Quikcard Benefits Consulting Inc. and CDSPI Advisory Services Inc.
† Not available under this plan for dentists, but available for dental office staff.
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