Your benefits at a glance
| VetStrategy | Flexible Benefits Program | ||||
|---|---|---|---|---|
|
Flexible benefits program offering various levels of insurance protection, precription drugs, healthcare & dental coverage and spending accounts. Each employee is provided with benefit credits and they can personalize their benefits by selecting the coverage and options below - using benefit credits and/or payroll deductions to customize to their needs. |
| General Plan Provisions | ||||
|---|---|---|---|---|
| Benefit Waiting Period | 3 months | |||
| Dependent Definition | Eligible from birth to age 22; or to age 26 if full-time student | |||
| Survivor Benefit | 24 months | |||
| Basic Employee Life Insurance | ||||
|---|---|---|---|---|
| Core | Life Option 1 | Core | Life Option 2 | Core | Life Option 3 | Core | Life Option 4 | |
| Benefit Schedule | $25,000 | 1x Annual Salary, up to $1M | 2x Annual Salary, up to $1M | 3x Annual Salary, up to $1M |
| Non-Evidence Maximum | $25,000 | $650,000 | $650,000 | $650,000 |
| Coverage ends | Reduces by 50% at age 65, and terminates at earlier of age 75 or retirement | |||
| Waiver of Premium | Covered; Qualifying period 112 days, up to age 65; Definition of Disability aligns with LTD | |||
| Basic Dependent Life Insurance | ||||
|---|---|---|---|---|
| Core | Dep Life Option 1 | Core | Dep Life Option 2 | Core | Dep Life Option 3 | Core | Dep Life Option 4 | |
| Benefit Schedule | No coverage | $5,000 Spouse; $2,500 Child | $10,000 Spouse; $5,000 Child | $20,000 Spouse; $10,000 Child |
| Coverage ends | At earlier of age 75 or retirement | |||
| Waiver of Premium | Covered; Qualifying period 112 days, up to age 65; Definition of Disability aligns with LTD | |||
| Basic Accident & Serious Illness (ASI) | ||||
|---|---|---|---|---|
| Core | ASI Option 1 | Core | ASI Option 2 | Core | ASI Option 3 | Core | ASI Option 4 | |
| Benefit Schedule | $25,000 | 1x Annual Salary, up to $1M | 2x Annual Salary, up to $1M | 3x Annual Salary, up to $1M |
| Non-Evidence Maximum | $25,000 | $650,000 | $650,000 | $650,000 |
| Coverage ends | Reduces by 50% at age 65, and terminates at earlier of age 75 or retirement | |||
| Waiver of Premium | Covered; Qualifying period 112 days, up to age 65; Definition of Disability aligns with LTD | |||
| Long Term Disability | ||||
|---|---|---|---|---|
| (Only applicable to clinics currently with LTD benefit. LTD must be adopted on a clinic basis instead of voluntary individual basis) | ||||
| Core | LTD Option 1 | Core | LTD Option 2 | Core | LTD Option 3 | Core | LTD Option 4 | |
| Benefit Schedule | 50% of monthly earnings, up to $1,500 | 55% of monthly earnings, up to $5,000 | 60% of first $3,000 of monthly earnings plus 50% of any excess amount, up to $15,000 | 66.67% of first $3,000 of monthly earnings plus 50% of any excess amount, up to $15,000 |
| Non-Evidence Maximum | $1,500 | $5,000 | $10,000 | $10,000 |
| Elimination Period | 112 days | 112 days | 112 days | 112 days |
| Definition of Disability | 1-year own occupation | 2-year own occupation | 2-year own occupation | 2-year own occupation |
| Tax Status | Non-Taxable (Employee-Paid) | Non-Taxable (Employee-Paid) | Non-Taxable (Employee-Paid) | Non-Taxable (Employee-Paid) |
| Benefit Period | 2 years | 5 years | To age 65, less elimination period | To age 65, less elimination period |
| Short Term Disability | ||
|---|---|---|
| (Only applicable to clinics currently with STD benefit. STD must be adopted on a clinic basis instead of voluntary individual basis) | ||
| Core | STD Option 1 | Core | STD Option 2 | |
| Benefit Schedule | 66.67% of weekly earnings, up to $1,000 | 66.67% of weekly earnings, up to $1,500 |
| Qualifying Period (Hospitalized/Accident/Sickness) |
0/0/7 calendar days | 0/0/7 calendar days |
| Benefit Period | 16 weeks | 16 weeks |
| Definition of Disability | Own occupation | Own occupation |
| Tax Status | Non-Taxable (Employee-paid) Taxable (Employer-paid) |
Non-Taxable (Employee-paid) Taxable (Employer-paid) |
| Coverage ends | Earlier of age 70 or retirement | Earlier of age 70 or retirement |
| Employee Family Assistance Program | ||||
|---|---|---|---|---|
| Core | ||||
| Lifeworks | Covered | |||
| Virtual Healthcare & Medical 2nd Opinion | ||||
|---|---|---|---|---|
| Core | ||||
| Virtual Healthcare | Consult confidentially with an accredited doctor or nurse practitioner by video conference using your phone, tablet, or computer | |||
| Medical 2nd Opinion | Covered | |||
| Optional Life Insurance for employee and spouse | ||||
|---|---|---|---|---|
| Enhancements | ||||
| Benefit Schedule | Increments of $5,000 | |||
| Benefit Maximum | $500,000 | |||
| Non-Evidence Maximum | $50,000 | |||
| Coverage ends | At earlier of age 70 or retirement | |||
| Optional Life Insurance for child | ||||
|---|---|---|---|---|
| Enhancements | ||||
| Benefit Schedule | Flat $5,000 | |||
| Benefit Maximum | $5,000 | |||
| Optional ASI Insurance | ||||
|---|---|---|---|---|
| Enhancements | ||||
| Benefit Schedule | Increments of $50,000 | Family: Spouse – 50% of employee amount / Child – 10% of employee amount | |||
| Benefit Maximum | $400,000 | |||
| Coverage ends | At earlier of age 70 or retirement | |||
| Optional Critical Illness for employee and spouse | ||||
|---|---|---|---|---|
| Enhancements | ||||
| Benefit Schedule | Increments of $5,000 (minimum of $10,000) | |||
| Benefit Maximum | $150,000 | |||
| Non-Evidence Maximum | $50,000 | |||
| Coverage ends | At earlier of age 70 or retirement | |||
| Optional Critical Illness for child | ||||
|---|---|---|---|---|
| Enhancements | ||||
| Benefit Schedule | Increments of $1,000 up to $10,000 | |||
| Prescription Drugs | ||||
|---|---|---|---|---|
| Enhancement | Drug Option 1 | Enhancement | Drug Option 2 | Enhancement | Drug Option 3 | Enhancement | Drug Option 4 | |
| Co-insurance and overall maximum | 0% until $3,000 out-of-pocket, then 100% up to annual maximum of $10,000 |
70%, up to $1,000,000 lifetime maximum | 80%, up to $1,000,000 lifetime maximum | 100%, up to $1,000,000 lifetime maximum |
| Drug Formulary | Managed Formulary (Formucare) | Managed Formulary (Formucare) | Managed Formulary (Formucare) | Managed Formulary (Formucare) |
| Generic substitution | Mandatory (with appeals) | Mandatory (with appeals) | Mandatory (with appeals) | Mandatory (with appeals) |
| Deductible per prescription | In-Network (Walmart & Costco pharmacies) - Nil Out-of-Network = Dispensing Fee |
In-Network (Walmart & Costco pharmacies) - Nil Out-of-Network = Dispensing Fee |
In-Network (Walmart & Costco pharmacies) - Nil Out-of-Network = Dispensing Fee |
In-Network (Walmart & Costco pharmacies) - Nil Out-of-Network = Dispensing Fee |
| Preventative Vaccines | Covered | Covered | Covered | Covered |
| Fertility Drugs | $5,000 per lifetime | $5,000 per lifetime | $5,000 per lifetime | $5,000 per lifetime |
| Smoking Cessation | $400 per lifetime | $400 per lifetime | $400 per lifetime | $400 per lifetime |
| Health Care | ||||
|---|---|---|---|---|
| Enhancement | Health Option 1 | Enhancement | Health Option 2 | Enhancement | Health Option 3 | Enhancement | Health Option 4 | |
| Overall Plan Maximum | Unlimited | Unlimited | Unlimited | Unlimited |
| Deductible | Nil | Nil | Nil | Nil |
| Co-insurance % | ||||
| Hospital | 100% | 100% | 100% | 100% |
| Emergency Out of Country | 100% | 100% | 100% | 100% |
| Vision | Not covered | 50% | 80% | 100% |
| Paramedical Services | Not covered | 50% | 80% | 100% |
| Medical Services & Equipment | Not covered | 50% | 80% | 100% |
| Hospital, Travel, Vision & Medical Services | ||||
| Hospital | Semi-private | Semi-private | Semi-private | Semi-private |
| Emergency Out of Province / Canada | 100% with maximum of $5,000,000 per trip, up to 180 days per trip (up to age 70) and 60 days (over age 70) | 100% with maximum of $5,000,000 per trip, up to 180 days per trip (up to age 70) and 60 days (over age 70) | 100% with maximum of $5,000,000 per trip, up to 180 days per trip (up to age 70) and 60 days (over age 70) | 100% with maximum of $5,000,000 per trip, up to 180 days per trip (up to age 70) and 60 days (over age 70) |
| Non-emergency medical coverage | Not covered | $50,000 per calendar year | $50,000 per calendar year | $50,000 per calendar year |
| Travel Assistance | Covered | Covered | Covered | Covered |
| Trip Cancellation | $5,000 per trip | $5,000 per trip | $5,000 per trip | $5,000 per trip |
| Vision Care - Glasses, Frames & Contacts | Not covered | $150 per 24 months (12 months for dependent children under 18) | $200 per 24 months (12 months for dependent children under 18) | $300 per 24 months (12 months for dependent children under 18) |
| Eye Exams | Not covered | Once per 24 months (12 months for dependent children under 18) | Once per 24 months (12 months for dependent children under 18) | Once per 24 months (12 months for dependent children under 18) |
| Surgical Stockings | Not Covered | 4 pairs per calendar years | 4 pairs per calendar years | 4 pairs per calendar years |
| Orthopaedic Shoes, Custom made shoes and custom made orthotic foot appliances | Not Covered | $500 per calendar year combined | $500 per calendar year combined | $500 per calendar year combined |
| Surgical brassieres | Not Covered | 4 per per calendar year | 4 per per calendar year | 4 per per calendar year |
| Wigs and hairpieces | Not Covered | $250 per lifetime | $250 per lifetime | $500 per lifetime |
| Hearing Aids | Not Covered | $500 every 60 months | $500 every 60 months | $500 every 60 months |
| Accidental Dental | 100% | 100% | 100% | 100% |
| Private Duty Nursing | $10,000 per calendar year | $10,000 per calendar year | $10,000 per calendar year | $10,000 per calendar year |
| Paramedical Services | ||||
| Acupuncturist | Not covered | $300 per calendar year per category | $500 per calendar year per category | $500 per calendar year per category |
| Audiologist | Not covered | $300 per calendar year per category | $500 per calendar year per category | $500 per calendar year per category |
| Chiropractor | Not covered | $300 per calendar year per category | $500 per calendar year per category | $500 per calendar year per category |
| Dietician | Not covered | $300 per calendar year per category | $500 per calendar year per category | $500 per calendar year per category |
| Massage Therapist | Not covered | $300 per calendar year per category | $500 per calendar year per category | $500 per calendar year per category |
| Naturopath | Not covered | $300 per calendar year per category | $500 per calendar year per category | $500 per calendar year per category |
| Osteopath | Not covered | $300 per calendar year per category | $500 per calendar year per category | $500 per calendar year per category |
| Podiatrist / Chiropodist | Not covered | $300 per calendar year per category | $500 per calendar year per category | $500 per calendar year per category |
| Physiotherapist / Athletic Therapy | Not covered | $300 per calendar year per category | $500 per calendar year per category | $500 per calendar year per category |
| Speech Therapist | Not covered | $300 per calendar year per category | $500 per calendar year per category | $500 per calendar year per category |
| Psychologist / Social Worker / Mental Health Practitioners | Not covered | $300 per calendar year per category | $500 per calendar year per category | $500 per calendar year per category |
| Coverage ends | At retirement | At retirement | At retirement | At retirement |
| Dental | ||||
|---|---|---|---|---|
| Enhancement | Dental Option 1 | Enhancement | Dental Option 2 | Enhancement | Dental Option 3 | Enhancement | Dental Option 4 | |
| Co-insurance | ||||
| Routine Services - Basic & Preventative | 50% (Recall every 9 months; 6 units scaling) | 80% (Recall every 9 months; 6 units scaling) | 90% (Recall every 9 months; 6 units scaling) | 100% (Recall every 9 months; 6 units scaling) |
| Routine Services - Periodontic & Endodontic | Not covered | 80% | 90% | 100% |
| Major Restorative & Dentures | Not covered | 50% | 50% | 50% |
| Orthodontics | Not covered | Not covered | Not covered | 50% (children only) |
| Maximum | ||||
| Fee Guide | Current | Current | Current | Current |
| Routine Services | $500 maximum per calendar year | $1,000 combined maximum per calendar year | $1,500 combined maximum per calendar year | $2,500 combined maximum per calendar year |
| Major Restorative & Dentures | Not covered | |||
| Orthodontics | Not covered | Not covered | Not covered | $2,000 per lifetime (children only) |
| Health Care Spending Account | ||||
|---|---|---|---|---|
| Remaining Credits | ||||
| Annual Allocation Amount | Remaining benefit credits allocated by employee after Core & Enhancements selections | |||
| Allocation Frequency | Annual | |||
| Carry Forward Provision | Balance carry over for additional 12 months | |||
| Pro-Rating For New Hires | Yes | |||
| The purpose of this summary is to outline the benefits for which you are eligible under the Plan. The information in this document is a summary of the provisions within your benefit plan. Please refer to the benefits booklet for further information on your coverage as well as eligibility, exclusion and limitation requirements. In the event of a discrepancy between this summary and the booklet, the terms of the booklet will first apply with the formal plan or policy documents taking precedence over all. |
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