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 | Coverage |
|---|---|
| Life Insurance | 1, 2 or 3 times annual salary, up to $300,000 (up to $500,000 for Executive plan) Reduces by 50% at 65, Terminates at 71 or retirement |
| Accidental Death & Dismemberment | Same as Life insurance |
| Dependent Life Insurance | Spouse - $10,000; Each Dependent Child - $5,000 Terminates at retirement |
| Short-term Disability (Optional) | Non-Taxable Plan 67% of the first $1,000 of weekly earnings, plus 50% of the balance, up to $1,100 per week Taxable Plan 75% of weekly earnings up to $1,100 per week |
| Benefits start: 1st day accident; 8th day sickness Maximum benefit period: 17 weeks Terminates at earlier of age 70 or retirement |
|
| Long-term Disability | Non-Taxable Plan: 67% of the first $4,000 of monthly earnings, plus 50% of the balance, up to $6,000 per month Executive Plan: 67% of the first $4,000 of monthly earnings plus 50% of the balance up to a $15,000 per month, with a Cost of Living Adjustment Taxable Plan: 75% of monthly earnings up to $6,000 per month (up to $15,000 per month with COLA for Executive plan) |
| Elimination period: 119 days Terminates at age 65 |
|
| Extended Health Care | Option 1: Prescription drugs – 80% (Once the plan has paid $4,000, increases to 90% for balance of year) Option 2: Prescription drugs – 100% |
| All other covered health expenses – 100% $2 million out of province emergency medical |
|
| Dental | Option 1: Basic services – 80% Option 2: Basic services – 100% |
| Major restorative – 50% Maximum - $2,500 per year (Basic and Major combined) Ortho for children – 50% up to $2,500 lifetime |
|
| Employee and Family Assistance Program | Toll-free 24-hour access to confidential counselling service for employees and family members to assist in the resolution of personal problems and crises. Includes online wellness library and health coaching services |
| Also available: Optional Employee-Paid Benefits – for employees and their spouses – Contact us for further details | |
| Optional Life Insurance | Units of $25,000 to maximum $250,000 Terminates at age 70 |
| Optional Accidental Death & Dismemberment Insurance | Units of $25,000 to maximum $250,000 Single or Family coverage Terminates at age 70 |
| Optional Critical Illness | Minimum $10,000 to maximum $100,000 Children covered for $5,000 under parent’s plan Terminates at age 65 $25,000 available without medical evidence during first 31 days of joining this plan. |
This is a partial list highlighting some of the benefits offered.
Contact us for complete details on all benefits available.
Contact us for complete details on all benefits available.