Industry-pooled Employee Benefits for Canada’s Innovators

BioBenefits offers organizations access to a national pooling arrangement where member-employers can spread the risk of high-cost health claims across other companies with similar industry profiles. The program has helped Canada’s life sciences sector realize more predictable and sustainable plan costs, without sacrificing the comprehensiveness and flexibility that today’s talent demands.

Why BioBenefits?

BioBenefits is more than an insurance, it’s a program that bundles best-in-class providers in a single seamless package for you and your employees. However, bundling providers does not mean that your company is stuck with a cookie cutter plan design; the program is built on the foundation of assessing client needs first and tailoring plans to meet them. If sharing claims experience isn’t right for your team, BioBenefits has access to most major Canadian life and health insurers and can help you design and manage your plan with all of them.

In addition to employee health benefits, BioBenefits offers wealth and retirement savings plans, portable benefits for contracts and key person insurance protection for the founders and executives who drive your organization’s success.

Not Your Typical Benefits Brokerage

With options for groups from 3 to 300+ employees, new clients can benefit from the program’s extended rate guarantees, higher catastrophic coverage limits and optimized loss ratios. BioBenefits is an education and service-first advisory firm, providing employees with the opportunity to engage with the plan via webinars, customized plan documents and interactive surveys to ensure the plan stays aligned with your growing team.

BioBenefits’ mission is to help Canadian innovators attract and retain today’s top talent through affordable, flexible, and sustainable employee benefit plans that protect employees when they need it most.

For The Future

BioBenefits’ goal is to be the leader in employee benefit plan advice and management for Canada’s life sciences, environmental, technology and social impact sectors, making sure every employee feels protected and empowered to help their organization grow and change the world.

As more employers continue to trust the BioBenefits’ program, rates optimize and on average BioBenefits’ clients experienced less than a 5% premium increase, year-over-year; which is less than half of the annual industry trend factor (i.e., the increase due to inflation and utilization of health and dental care expenses).

BioAlberta members who join BioBenefits (advisory or program) will receive free virtual medical care and employee-family assistance program (EFAP) for one-year.

If you’re interested in learning more about how BioBenefits can help your team, visit BioBenefits.ca , and for direct questions and answers contact steven@biobenefits.ca or madison@biobenefits.ca.