PLAN OVERVIEW

As a business owner and member of the NEWBI System, you can now obtain a fully affordable and customized health benefits plan.

LEGAL DISCLOSURE: This offering is currently only available for Ontario members of the NEWBI System through People Insurance. Rates cited on this website may be subject to change without notice. Notice of any rate change is provided to actual plan holders prior to any renewals. Please contact People Insurance for the most current rates. People Insurance does not own, manage, nor administrate any membership of the NEWBI System. For information about the NEWBI System and membership benefits, click the link immediately below and you will be directed to the official NEWBI System website.

[NEWBI SYSTEM WEBSITE]

MEMBER ADVANTAGES:

The only plan of its kind
Gain control over employee benefit costs
Maximize plan design flexibility
Enhance tax advantaged benefit opportunities
For key executives and their employees

FULL PLAN SUITE INCLUDES:

Custom Drug plans
Custom Medical plans
Custom Dental Plans
Options for both Hybrid and Executive Benefit Plans
Health Care Spending Accounts
Life insurance
Accidental Death and Dismemberment (AD&D)
Disability insurance
Critical illness insurance
Travel insurance
Stop Loss (attachment levels from $5,000 and up)
Solutions for family businesses, seasonal employees, and more!

EXECUTIVE CLASS

(As low as $ 250.00 / month)

The "Executive Class" Plan is intended for one or more people. This plan option is ideal for individual operators, or key owner-executives situated in a high tax bracket.

If you’re the sort of Executive business owner who doesn’t like having limitations imposed on you, and want the best you can afford, then this may be the right plan for you because the plan design combines health care coverage with catastrophic event insurance, which further protects you and/or your executive team against financially devastating medical expenses. There are no pre-set maximums. Choose exactly where to spend your dollars for you and/or family, such as: Orthodontics, Dental implants, Laser eye surgery, etc.

BENEFITS

This plan design allows you, as a successful business owner, to pay medical and dental expenses in the most tax effective way possible -- and write-off up to 100% of health expenses, using the pre-tax dollars of the company.

You’re able to gain the fuller value of health benefits, while also deducting the full cost of health expenses to the company as an allowable business deduction to reduce taxable income for the company.

Eligible Expenses Include:

Paramedical Practitioners such as Acupuncturist, Chiropodist, Podiatrist, Chiropractor, Clinical Counsellor, Dietician, Massage Therapist, Naturopath, Occupational Therapist, Osteopath, Physiotherapist, Psychologist, Social Worker & Speech Therapist
Vision Care including Laser Eye Surgery, Contact Lenses, Glasses & Examinations
Medical Facilities including Hospitals, Convalescent Homes & Substance Abuse Facilities
Medical Devices such as Orthotics, Hearing Aids & CPAP machines
Nursing Care to help you recuperate in the comfort of your own home
Expenses Related to Disabilities including special programs tuition, tutoring and home or vehicle modifications- Dental Services
Orthodontic & Major Services including Dental Implants
Out of Country Expenses for non-emergency expenses while travelling
Prescription Drugs excluding only over-the-counter medication

RATES

Please call for premium rates, as this plan type is very robust and the standard premium rates set for single or family coverage increases from ages 70 to 79. Note that the minimum annual contribution is $3,000 (paid as monthly contributions).

There are no pre-set maximums.

Premiums are based on anticipated expenses and the plan operates on a budgeted Administrative Services Only (ASO) basis. In other words, you will pay the same amount each month. If contributions exceed claims at the end of the year, there is a surplus in your account. If claims exceed contributions at the end of the year, there is a deficit in your account. The surplus or deficit belongs to you and will be reconciled at the end of the benefit year.

Every month you will receive a financial statement so that you can see how your plan is performing.

You will never be surprised at the annual renewal

ENTREPRENEUR

(As low as $ 199.11 / month)

The “Entrepreneur” plan option is intended for three (3) or more people and is ideal for addressing your requirements when there’s a need to provide coverage for owners and/or employees within your organization.

BENEFITS

Minimum benefits for Extended Health Care coverage includes ALL of the following:

Prescription Drugs ($1 Million lifetime maximum per person)
Semi-Private Hospital Room ($150 per day; 30-Day maximum per year)
Out of Country Medical ($5 Million maximum; 60-Day maximum per trip)

RATES

Unlike traditional plans that scrutinize each owner or employee profile, rates are the same, regardless of age, gender, occupation, or income. This plan can be setup for the first three (3) people for a premium as low as $199.11 per month.

Monthly premium rates start at just:·

$66.37 / month for each single person
$151.39 / month for each family coverage

THERE’S MORE

From there, you can build-up your base solution with options to include ANY ONE -or- ALL of the following benefits:

Dental Care ($45.09/mo. for each single person; $99.57/mo. for family coverage)
Health Care Spending Account
Life insurance
Accidental Death & Dismemberment
Critical Illness insurance
Dependent Life insurance
Long Term Disability insurance (NOTE: To quote on rates for Long Term Disability insurance, please provide gender, age, occupation & earnings for eligible employees)

FLEXABILITY

This plan design is scalable and can be structured to grow as your business does, so that you can quickly add and manage owners, partners, or employees. You can also have people assigned to customized classes of benefits, allowing you to assign different types of benefits to different people within your organization. For example, you might have certain plan options in place for owners, another for your administrative team, another set of plan options for your sales team, and another for production workers, etc. – since each team may have their own needs. After all, a “one size fits all” solution may not be appropriate in your particular situation

12-Point Benchmark of Excellence

Addressing the rigorous needs and dynamic challenges of a member, NEWBI offers a Health Insurance Program that meets the 12-point benchmark of excellence:

Plan options meet the full diversity of NEWBI members.
Plans are available to all business operating models – regardless of legal structure (e.g., sole proprietors; partnerships; corporations).
Plans are available to all business sizes – From a one-person operator, to thousands of employees.
Plans are available to all business industries -- regardless of occupational risks.
Plan options are responsive to desired design of each member, from the most simple and basic solutions, to the most comprehensive plan coverage that’s desired by a member.
Plans have ability to include an unlimited number of customized benefit classes within the same business group – so that plan benefits can be somewhat leaner for select employees while also being richer for others, depending on business need to attract, retain, reward, and inspire key personnel.
Plan designs can be built to a target budget, without surprises of future expense claims.
Plan options are NOT simply a one-size-fits-all approach, as is commonly found in Association Plans, but actually allows a NEWBI member (business owner) to implement a totally customized solution –or- simply start with a basic plan type and later be able to build on it.
Provide MONTHLY reporting -- Not merely annual reports.
Optimize tax advantages of pre-tax dollars for paying healthcare expenses
Provide plan options without deductibles, without coinsurance, and without maximums.
Provide plan options where ALL medical and dental claims are paid at 100% (for a complete flow-through)

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