Olympic Plan

Olympic Benefits Plan

This plan is available to groups of three or more employees and no medial information is required. Employees must work a minimum of 20 hours per week to be eligible for coverage. Each plan must include Life and AD&D and one level from Extended Health Plan & one level from Dental Plan. All other benefits are optional. The following Underwriting Requirements must be met.

Life and AD&A provide a basic level of insurance to pay out upon death or accidental death. Both are mandatory benefits for all Olympic Benefit Plans. Life Insurance has a flat $30,000 per employee and AD&D has a flat $30,000 per employee.

Extended Health Care Plans:

extended hard care, insurance
  • Prescription Drugs – most frequently used coverage to help cover costs of either generic or brand name drugs.
  • Practitioners – practitioners include physiotherapist, chiropractor, massage therapist, podiatrists etc.
  • Medical Services & Supplies include nursing care, ambulance, hearing aids, orthotics, orthopedic shoes, etc.

Basic dental coverage will cover the following:

  • Oral examinations, x-rays, scaling, polishing, fluoride treatment, root canals, laboratory examinations.

Dental Plans:

dental plans

The below benefits are optional and can be added onto the core plans of Extended Health & Dental plan.

Dependent Life

Allows employees to insure their spouse or children under their plan. Spouse can be insured for $10,000 and each child up for $5,000.

Critical Illness

This coverage pays out a lump sum benefit on the diagnosis of one of the covered illness. Once a plan member has been diagnosed, survives the waiting period they will receive a lump sum benefit. Below you will see a partial list of the covered conditions include:

  • Cancer
  • Coma
  • Stroke
  • Motor Neuron Disease
  • Heart Attack
  • Major Organ Transplant
  • Multiple Sclerosis
  • Alzheimer’s
  • Paralysis
  • Coronary Bypass

Critical Illness is priced individually.

Long-term Disability

Long Term Disability (LTD) pays a benefit amount to replace a portion of a plan member’s income while faced with long term absence from work due to either illness or injury. Percentage of monthly income it can be replaced up to is 66.67% to a max of $8,000 / month. Coverage lasts to age 65. Every $100 of LTD added to the plan is rated at a fixed cost.

Vision Care Coverage

Vision plan includes glasses, contact lenses, laser eye surgery. Adults 18 + years old are eligible for $250 every 24 months. Children under the age of 18 are eligible for $250 every 12 months.

Major Dental

Includes major restorative services such as Crowns, Surgical Excision, Transplantation, Re-positioning. T here is a 50% coinsurance with maximum benefit per person per year of $1,500. Major Dental is only an optional benefit to be added to Gold and Silver level plans.

Employee Assistance Program

Employee Assistant Program (EAP) benefit provides plan members with access to confidential and voluntary support services that can help address variety of problems in their lives. EAP provides a range of support services such as legal, financial, family and workplace. Examples are stress, anxiety, mental health issues such as depression, addictions, family problems and nutrition challenges. This is a great way to let employees know you have equipped them with the resources to help deal with serious issues. There is a fixed rate per person added to the plan.

Extended Health Coverage

$1,500 per insured drug maximum per year. 15% savings on Extended Health Benefit rates.

plan pricing


coverage options