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Frequently Asked Questions

What is the program about?

This is an exclusive program offering health & dental benefits to member businesses under the BIABC. 

 

Who is eligible?

Any business that is a member under a BIA in British Columbia or Alberta is eligible for the program. 

 

Why should I get a benefits plan for my company?

Offering benefits is a great way to attract and retain quality and loyal employees. It is a 100% tax-deductible expense for your company as well.

 

What benefits are available?

There are 3 plan designs: Bronze, Silver & Gold. They all include elements of life, health (massage, chiro etc.), drugs, dental, vision and travel insurance.  There are also optional benefits available including critical illness, short & long term disability insurance. 

 

Are there health questions required?

With companies of 3+ staff, there are absolutely no health questions required.  Even if there are 2 staff participating and 1 person waiving because they are covered under their spouse, there are still no health questions. Companies with 1 & 2 people require a health questionnaire to qualify.

 

How much does it cost?

Costs can vary depending on the plan design, as well as the number of people requiring single or family coverage.  Because of the magnitude of this program discounted rates have been negotiated for members. Click here to submit a quick form and we will get back to you asap with a quote for your company.

 

How quickly can I get a quote for my business?

Turnaround time is extremely quick and we can usually get you a custom quote within 1-2 business days, if not sooner.

 

How is this program different than others?

This program was designed with small businesses in mind. It was important to offer plans that provided popular designs, affordability and rate stability year over year.

 

Will our rates increase next year if we have high claims?

This is a fully pooled program which offers very stable rates from year to year.  Traditional benefit plans put heavy weighting on the claims of your company alone so if they are high one year, you will most likely see a large increase in your rates for the following year. With the BIA Benefits Program, you are in a large pool with thousands of other companies, so your rates are not dependent on your individual claims alone. This allows you to budget year over year without having to worry about significant increases.

 

How does this program compare to other small business benefits programs (ie. Chamber)?

This is a very competitive program in terms of plan design and pricing. To see what is most suitable for your company, please contact us for a detailed evaluation.

 

We already have a benefits plan in place for our company. Can we switch?

Absolutely!  There is normally a month’s notice required for your current carrier, and typically no cancellation fees.  Within a month, we can have you up and running on your new BIA Benefit plan!

 

How does this program help fund events and initiatives within our BIA and the BIABC?

BIAs are non-profit organizations who rely on continuous funding to carry out ongoing plans for their communities. For every member that signs up for the program, a marketing fee is paid out by the benefits provider to help support the associated BIA and the BIABC. This is a fantastic way to implement initiatives that benefit all members and their communities.