Choose salary increase or group insurance?

Choose salary increase or group insurance?


Woman wondering if she should choose a salary increase or group insurance Since 2001, we have been helping more than 1,300 Quebec and Canadian companies find their group insurance product at the best price!

How to choose between a salary increase and a group insurance plan?

If the answer to this question seems obvious to some, it remains that no less than 56% of people would prefer to receive a salary increase rather than being able to benefit from the many benefits associated with group insurance. By opting for a raise in salary, you are putting aside salary insurance… a significant advantage. Because if you lose your job, you will obviously have to say goodbye to your salary increase. You will then be entitled to “sickness unemployment” for some 120 days… then, nothing!

Only the lucky few whose life does not require any income can afford an increase of a few cents an hour ... All the others, who are forced to pay the rent, the mortgage, the rental car , the personal loan, the line of credit and the credit card, to name only these financial imperatives, would be better to opt for a group insurance plan.

Take a minute to think about the issue of drug insurance:

    RAMQ drug insurance costs $ 710 per person, according to the annual rates in effect
    It is established according to your situation and your net family income
    It is always payable, even if you do not buy any medication
    Its cost is adjusted annually, every July 1st
    It is collected on your taxes by Revenu Québec. You must pay this premium in the spring (when you file your return).

How much does group insurance cost?

The cost of group insurance is obviously based on your choice of coverage. A basic plan will typically cover the following:

    Life insurance once the salary
    Life insurance for accidental death and loss of limbs
    Travel insurance
    Stay in a room with one or two beds
    Dental insurance related to an accident
    Drug insurance (greater coverage than that offered by the RAMQ)
    Salary protection insurance, in the order of 66% of salary (not taxable)
    It should be noted that paramedical care generally covers the treatments offered by several health professionals such as chiropractors, massage therapists, podiatrists, acupuncturists or ophthalmologists. Among others.

Optional group insurance guarantee:

    Optional life insurance (gives you the ability to choose an amount, according to your needs)
    Dental care
    Replacement of glasses (glasses)
    The different employee assistance programs
    The guarantee of physical rehabilitation
    Disability insurance (guaranteed salary up to the age of 65)
    One-benefit critical illness protection
    Protection in the event of illness of the spouse. This protection allows you to benefit from a work stoppage in order to take care of the sick person by withdrawing a tax-free monthly benefit.

As you can see, you are easily able to benefit from all the necessary protections, adjusted to your needs and your budget.

And you, ladies and gentlemen employers, what are you waiting for?

Don't hesitate any longer and ask us for a quote. If your business has more than two employees and you wish to offer them a group insurance plan, simply visit AssuranceCollectiveEnLigne.ca. We offer the complete quote service absolutely free through confidential access to ALL insurance companies on the market. Do not wait any longer!