Many employers operating out of Canada worry about the quality of healthcare their employees are receiving. A recent survey suggested that over 60 percent of businesses worry about the quality of care, while 50 percent worry about the type of coverage that is received. Employers can reduce these fears by setting up a small business group health insurance policy.
The small business group health insurance policy is available to small business owners in Canada. This type of health insurance policy offered through health insurance companies in canada allows small business owners to provide their employees with a level and quality of healthcare that is deemed acceptable.
In addition to providing employees with a small business group health insurance policy, employers can also provide them with access to a health spending account. Health spending accounts are accounts that are created for an employee through their employer. Money is taken directly from the paycheck of the employee and placed into the health saving account.
This health spending account can only be used for healthcare related expenses. Healthcare related expenses can include anything from medical bills, surgery costs, and doctor visits, to supplies and other medical related expenses. The money that is in a health spending account can also be used to towards the purchase of private insurance or any co pays from a small business group health insurance plan.
The average employee in Canada has to worry about paying a number of health related expenditures. These health related expenditures are typically from private sources and can include expenses related to small business group health insurance and private doctor visits.