FlexBenefit Choices

Core Coverage

All enrolled employees receive “Core” coverage which is comprised of 6 basic components of Health Coverage. The Flex Plan allows for some flexibility in levels of coverage in some of the components. For more information about the levels of coverage available in the following components please click the appropriate link:

• Basic Life Insurance (includes Dependent Life)
• Long Term Disability
• Extended Health
• Dental
• Out-of Country Travel Health Insurance
• Employee Assistance Program
• Optional Coverage

What are Leftover FlexDollars?

If after making your decisions regarding the choices of benefits and levels of coverage you require, you have some leftover FlexDollars, think about where you would like to allot them. You have three options:

Health Spending Account (HSA)
Our Health Spending Account is an excellent way to save on taxes and boost your benefits. The plan can be used for expenses related to medical, dental, vision prescription, dependent care, and other qualified expenses. An HSA is an account that works similar to a bank account in that you decide how much of your unused or leftover FlexDollars to put in, and then throughout the year, withdrawals are made from your balance to pay for out-of-pocket medical and dental expenses. You will make this allocation during the yearly re-enrolment period, and then use the money to pay for these expenses throughout the following year. It is a very important component within the FlexPlan because it is a tax-effective vehicle, approved by Canada Revenue Agency (CRA), that allows you to use FlexDollars to pay for health and dental expenses that are not covered by your benefit plans, your spouse’s plan, or by provincial health care. But remember, you only have 2 years to use the money you have allotted to your HSA.

DC PensionFlex
A great opportunity to supplement your pension for when you retire. You decide where your money is to be invested. Some of the funds available to you are unique and only available to group plan members.

Taxable Cash
Extra cash from FlexDollars not spent will be added to your paycheque and taxed accordingly.

Click here to read some common questions you can ask yourself to help you decide your level of coverage.

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