Discover flexible benefit plans and renewal strategies with Merit Ontario and OCIBP for Ontario’s construction industry.
In Ontario’s non-union construction sector, competitive benefits are essential for attracting and retaining skilled workers. Merit Ontario understands these challenges and offers comprehensive plans through the Ontario Construction Industry Benefit Plan (OCIBP). These plans provide health, dental, vision, life insurance, and disability coverage, ensuring your team stays protected and productive.
Merit Ontario offers two tailored options:
These plans include extended health care, dental, vision, life insurance, accidental death coverage, and Employee Assistance Programs (EAP). Optional enhancements allow businesses to customize coverage for dependents or add retirement solutions like RRSPs and TFSAs.
Benefit renewals can be stressful, but Merit Ontario’s group pooling option helps control pricing and reduce volatility even if claims are high. This predictability allows businesses to budget confidently for yearly renewals. Plans are managed as a not-for-profit trust, eliminating commissions and lowering administrative costs.
Unlike traditional benefits, the Hour Bank model offers flexibility for contractors managing seasonal or fluctuating schedules. Employees maintain coverage during slow periods, improving retention and reducing turnover. This approach not only supports workers but also helps employers manage costs effectively.
Year-end is the perfect time to review your benefits strategy. Updating coverage for new hires, closing gaps in disability or mental health support, and exploring flexible solutions like OCIBP ensure your team enters the new year with confidence. Contact Merit Ontario for a free quote and discover how our plans can strengthen your business.