Hour Bank Plan


Build Your Own Custom Benefit Plan

Employee health benefits are one of the most important factors in attracting and retaining employees. We are proud to offer a full line of employee health benefit products to cover every type of Merit Ontario member business.

OCIBP can also help create a fully customized benefit plan for your business featuring wholesale pricing and the protection of large group pooling. Contact us to find the right group benefit package at the right price for your organization.

For more information or for a free quote, call 1-888-303-9878.

The Merit Ontario’s Ontario Construction Industry Benefit Plan includes the following benefits:

Benefit Standard Enhanced Platinum
Life Insurance $50,000, Terminates at Retirement $70,000, Terminates at Retirement $120,000, Terminates at Retirement
Accidental Death & Dismemberment $50,000
Includes $5,000 Critical Disease
Terminates at Retirement
$70,000
Includes $7,000 Critical Disease
Terminates at Retirement
$120,000
Includes $12,000 Critical Disease
Terminates at Retirement
Dependent Life Insurance Spouse – $10,000
Each Dependent Child – $5,000
Terminates at Retirement
Spouse – $10,000
Each Dependent Child – $5,000
Terminates at Retirement
Spouse – $10,000
Each Dependent Child – $5,000
Terminates at Retirement
Short-term Disability (Optional) Non-taxable or taxable:
EI Maximum
0 injury -7 days sickness
Up to 17 weeks
85% All source Maximum
Non-taxable or taxable:
$800 per week
0 injury -7 days sickness
Up to 17 weeks
85% All source Maximum
Non-taxable or taxable:
$900 per week
0 injury -7 days sickness
Up to 17 weeks
85% All source Maximum
Long-term Disability Non-taxable or taxable:
$2,000 per month
Elimination Period: 119 days
24 month “Own Occupation”
Pre-existing clause: 3/12
Terminates at 65
Non-taxable or taxable:
$2,000 per month
Elimination Period: 119 days
24 month “Own Occupation”
Pre-existing clause: 3/12
Terminates at 65
Non-Taxable or taxable:
$2,500 per month
Elimination Period: 119 days
24 month “Own Occupation”
Pre-existing clause: 3/12
Terminates at 65
Extended Health Care
Prescription Drugs • SMARTspendTM drug formulary
• 80% coinsurance
• Mandatory Generic pricing
• Diabetic supplies (testing strips,
syringes)
• $8.00 dispensing fee
• 80% for first $5,000 incurred per
person per year, then 90% for balance
of year
• Mandatory Generic pricing
• Diabetic supplies (testing strips,
syringes)
• $9.00 dispensing fee
Includes: vaccines, fertility drugs
– $2,500 lifetime, and smoking
cessation – $500 lifetime.
• 100% coinsurance
• Mandatory Generic pricing
• Diabetic supplies (testing strips,
syringes)
• $10.00 dispensing fee
Includes: vaccines, fertility drugs
– $2,500 lifetime, and smoking
cessation – $500 lifetime.
All other covered
health expenses, e.g.
• Emergency
ambulance
• Medical equipment,
aids and supplies
• Semi-private
hospital room
100% up to reasonable & customary amounts.
Limits and Conditions apply
100% up to reasonable & customary amounts.
Limits and Conditions apply
100% up to reasonable & customary amounts.
Limits Conditions apply
Emergency Travel Insurance $2,000,000 per incident
Trip limit – 60 days
90 Stability clause
$2,000,000 per incident
Trip limit – 60 days
90 Stability clause
$2,000,000 per incident
Trip limit – 60 days
90 Stability clause
Vision
Prescription glasses and contact lenses Age 19: $200 every 2 years
Under 19: $200 every year
Age 19: $350 every 2 years
Under 19: $350 every year
Age 19: $350 every 2 years
Under 19: $350 every year
Eye exams Age 19: $75 every 2 years
Under 19: $75 every year
Age 19: $75 every 2 years
Under 19: $75 every year
Age 19: $75 every 2 years
Under 19: $75 every year
Medically necessary contact lenses Additional $500 per lifetime Additional $500 per lifetime Additional $500 per lifetime
Prescription Safety Glasses Additional $150 every 2 years
Employee only
Additional $150 every 2 years
Employee only
Additional $150 every 2 years
Employee only
Paramedical Practitioners Pay Direct Claims enabled
Reasonable and Customary
Pay Direct Claims enabled
Reasonable and Customary
Pay Direct Claims enabled
Reasonable and Customary
Physiotherapist $400 per year $600 per year $600 per year
Podiatrist/Chiropodist $300 per year per year combined $500 per year per year combined $500 per year per year combined
Other paramedical practitioners (per practitioner type) $300 per year $500 per year $500 per year
Dental
Dental Fee Guide Current GP fee guide based on province of service; Additional 10% for specialists Current GP or specialist fee guide based on province of service Current GP or specialist fee guide based on province of service
Basic Services 80% 80% 100%
Major Services 50% 50% 50%
Maximum for Basic and Major services $2,000 per year combined $2,500 per year combined $3,000 per year combined
Employee and Family Assistance Program (EFAP) Short-term counselling services Short-term counselling services Short-term counselling services
Termination Age for EHC. Dental and EFAP Retirement Retirement Retirement
This is a partial list summarizing the benefits offered.
Top Up coverage available to supplement Long-Term Disability coverage.
Contact us for more details.