Health Benefits Package
The Traditional Chinese Medicine Association of BC is pleased to offer an insurance and group benefits plan for our members. We feel it is important for our members to have access to Group Medical, Dental, Long Term Disability and Health Plans so we have teamed up with ENCON who have created an outstanding health benefits package for us.
Best of all The TCM Plan is available for businesses as small as one person.
This is a summary of the benefits of this plan:
Bundle Price: The cost for all of these types of insurance bundled as a special package for the group is significantly lower than if the participants want to buy each product individually.
Customization: This is a standard package available for our group. However, each individual business owner can customize the package for their own needs (ie. more or less of certain coverages.)
Tax Advantage: This insurance coverage plan is an expense and can be written off by the business owner.
Disability: If something should happen to you and you are not able to work, this can replace your income for 2 years – age 65. There is a waiting period for this which can be adjusted for each individual (cost will change with lower wait periods.)
Critical Illness: If you should contract a critical illness this will pay you a lump sum payment. The price on this is considerably cheaper than if you were buying it as a stand-alone product.
Life Insurance: Instant lump-sum payout if you or your spouse or dependents should die. The price on this is considerably cheaper than if you were buying it as a stand-alone product.
Accidental Death: Instant lump-sum payout (in addition to Life Insurance) if you should die in an accident. The price on this is considerably cheaper than if you were buying it as a stand-alone product.
Extended Health: Medical and optometry coverage (including TCM) that covers your regular and special expenses related to your health. This includes out of province and out of country coverage – for example, in the United States 1 night in a hospital could cost you $5,000 which is covered 100% with this plan.
Dental Insurance: Covers all your regular plus emergency dental costs up to 100%. Major reconstructive dental work is covered at 50%. This can be adjusted individually per person.
This plan differs from other health plans in that it is customizable, comprehensive and more economical than other plans. The expense is tax deductible and can also include Critical Illness insurance and Health Spending Accounts. The plan will be offered to the members but will not be mandatory and will not increase membership fees. The plan will be offered on an “opt in” basis and the members will have a choice between two basic packages, plus options to customize as required.
Members now have access to excellent health coverage adding an additional benefit to being a member of the TCMABC. Contact information for our agent, Mr. Robert Trasolini is attached below – you may contact his office directly and simply let him know you want to discuss the “TCM package”.
A SAMPLE OF THE TCM INSURANCE PLAN
Plan Options are fully customizable by TCMABC members to suit their particular practice.
Sample Plan Options:
Sample Plan 1:
- $100,000 Life Insurance
- $100,000 Accidental Death with Dependent Life
- 100% Extended Health coverage
- $500 combined max for Paramedical Coverage
- 100% Basic Dental + 50% major restorative to combined max of $2,000
Example Cost for a 35 year old male:
Single Rate: $165.00/month Family Rate: $362.00/month
Sample Plan 2:
- Reduced Life Insurance
- Reduced Accidental Death with Dependent Life
- 80% Extended Health coverage
- $300 combined max for Paramedical Coverage
- 80% Basic Dental + 50% major restorative to combined max of $1,500 + 9 month recall
Example Cost for a 35 year old male:
Single Rate: $122.00/month Family Rate: $265.00/month
If you are interested in knowing more, please contact Robert Trasolini at:
Robert Trasolini, BA, Financial Advisor, Global Financial
Cell. (778) 991-9073
Tel: (604) 430-5475
Fax: (604) 433-0711