Rarely does the offer of more individually valuable benefits also hold the promise of equal or lower costs than conventional one-size-fits-all plans. But a Flexpert-designed Flex benefit plan allows your company to be seen to accommodate diversity, cater to personal priorities, involve your people in cost management, and make it easier to lure and easier to retain valuable people in your employ. It helps polish that modern, people-friendly, leading edge image, too.
| TYPICAL ELEMENTS | TRADITIONAL PLAN | ALISON | JERRY | JOHN |
| Life Insurance | 1 x Income | 1 x Income | 5 x Income | 2 x Income |
| Vision Care | $100/24 months | None | None | $300/24 months |
| Dental | Basic Coverage at 80% | None-covered by spouse | None | Major coverage at 100% |
| Massage Therapy | $330/year | $700/year | None | $300/year |
| LTD | 66 2/3% x income
Payable to age 65
Non-indexed | Same only indexed at
5%/year | Same as
traditional plan | 66 2/3% x income
Payable for only 10 years
Non-indexed |
| Prescription Drugs | Reinbursement at 80% | None-covered by spouse | None | Drug card at 100% coverage |
| Orthodontics | Not available | None | None | $2,000/lifetime maximum
for each child |
| Annual Total Cost | $2,210 | $661 | $774 | $2,785 |
| Fixed Dollars 'left over' | None | $1,549* | $1,436* | None |
Employee Extra Payroll
Deduction | None | None | None | $575 |
| * Available to be invested in an RRSP or a Health Spending Account. |
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