Individual Health & Dental Coverage
We are an employee benefits advisory with over 70 years of combined industry knowledge and experience on both the insurer and advisory side of the industry.
With increasing automation and an aging demographic across all industries and sectors in Western Canada, the velocity of movement, growth, and reorganization of businesses of all sizes has meant there are more individuals moving or evolving in their lives and careers. This leads to situations where individuals may be in between jobs, retiring, reskilling, or joining a new company, yet they either still need Health and Dental coverage or their new company's benefit plan does not provide adequate coverage for them. One solution to these challenges is individual Health and Dental coverage.
There are a number of insurers that provide competitive pricing and coverage options for individual Health and Dental plans -- at this point in time, we would rank them as follows: Manulife, Sun Life, Alberta Blue Cross and Canada Life/ GWL. Although all insurers have variations of similar coverage, we've distilled the options to 4 Manulife plans below which we've found have been a great fit and most comparable to a lot of the employee benefit plans we've helped put in place.
Individual health and dental coverage can be categorized into two main options: Non-gauranteed issue and guaranteed-issue. Non-gauaranteed issue individual health and dental plans require a short-form medical questionaire to qulify for; indiviudals with underlying health conditions may not qualify for them. We've selected two of Manulife's FlexCare® below that have worked really well for our clients.
Guaranteed issue plans do not require any medical underwriting. Although there are some other more basic gauranteed issue options, the two Manulife FollowMe™ guaranteed issue plans we've selected below are the plans we think are the most comparable to the group plans we put in place.
Guaranteed issue plans can be applid for within 90 days of leaving any group plan -- even if the individual was on a group plan in another country as long as they are a Canadian citizen and are covered by provincial healthcare.
Generally, non-gaurateed issue plans provide a bit better coverage at a better monthly premium cost as a result of the lower risk borne by the requirement of the short-form medical quesionnaire so we usually recommend any individuals whom are in good health apply for a FlexCare® plan. However, Manulife's FollowMe™ plans have done a great job of keeping the gap quite small and area excellent option for retirees leaving a group plan and individuals whom have recently left a group plan or are in between jobs that don't qualify for a FlexCare® plan.
Another reason we like Manulife's individual healtha and dental plans is the Manulife Vitality option which can be added to any of the below selected plans.
The Manulife Vitality program is a great healthy-living rewards program that can be added to a plan at application time. It provides an immediate 5% discount to the monthly premium cost for the first year of the plan, and up to 10% in following years.
If you're looking to put an individual health and dental plan in place, please fill out the form below and we'll provide you with a personalized quote within 48hrs.
Recomended individual health and dental plans that require underwriting
Manulife FlexCare® ComboPlus™ Basic Plan
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Manulife FlexCare® ComboPlus™ Enhanced Plan
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Recommended individual health and dental plans that DO NOT require underwriting if applied for within 90 days of leaving a group plan
Manulife FollowMe™ Enhanced Plus Plan
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Manulife FollowMe™ Premiere Plan
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