Group Insurance

Yves Paradis offers  Group Insurance with the help of  qualified experts who are members of the biggest insurance broker in Quebec, with over 120 employees.

Group insurance is available to any group of 2 or more workers. The group insurance is always partially paid by the employer (minimum participation 25% from the employer) .

The group insurance replaces the government  medication plan paid by the insured person. A single person pays about $50./month for the provincial medication plan , while a family pays about $100./month.  The portion paid by the insured person for  the private group insurance,  is often  not  much more than what the person  pays for the government medication plan .   

Group insurance attracts and protects employees in a superior way to the government medication plan because it covers more medications and also includes life insurance, travel insurance, dental insurance (option) , long term disability coverage and many health benefits.

Once you have selected a broker to obtain Group Insurance quotes, the insurer will not quote to other brokers. 

Important Facts About Group Insurance and Renewal Costs

The largest part of the cost of your group insurance plan is due to the health and dental claims you made during the past year (s) versus the premiums you paid (claim history).  To stay in business and make a profit , the insurer must collect more premiums than the claims paid. For the very first year you have group insurance, the insurer will base the health and dental costs on the expected claims.  

The other elements, such as life insurance and long term disability is pure insurance; they are not claim sensitive for your group but based on age and other factors.

With the expertise of our group specialists, we can determine if the renewal analysis makes sense and negotiate with the insurance company the rates and terms of your policy to optimize your group insurance costs. The cost of the group insurance will also depend on the various options you have.

Knowledgeable Experts

Experienced consultants are necessary in order to obtain the best Group insurance for your company and to negotiate the renewals. So much more is needed from a specialist than obtaining quotes and suggesting the lowest bidder.    

To conclude, the approach at Yves Paradis is to build a solid relationship with our clients based on expert advice and prompt service.