Your benefits at a glance

You have lots of options
to choose from.

Here is an overview
of the Flexible Benefits
Program.

Medical Options

Your HP Canada Co. medical coverage requires no deductible and has a lifetime maximum of $1 million per person, not including out-of-country coverage. Check with Manulife to confirm that an expense is eligible before you incur the cost.

Benefit Option 1 Option 2 Option 3
Prescription drugs
($8 dispensing cap)
     
No coverage 75% 90%
  • Non-formulary drugs
50% 60%
Hospital coverage Semi-private Semi-private
Medical supplies and services   75% 90%
  • (including clinical counsellors, marriage and family therapists, psychoanalysts, psychologists, social workers and psychotherapists)

  $1,200
/person/year
$1,500
/person/year
Physiotherapy   $1,000/person/year $1,200/person/year
 
$400
/person/year

$600
/person/year
  • Custom orthopaedic shoes and inserts
  $250
/person/year
$350
/person/year
  • Hearing aids
  $300
/person/5 years
$500
/person/5 years
  • Vision
     
  • Eye exams*
  75% 90%
  • Adults
  $200
/person/2 years
$300
/person/2 years
  • Under 18
  $200
/child/year
$300
/child/ year

*  Reasonable and customary charges

     
Out-of-country care 100% up to $5 million/lifetime, plus emergency travel assistance
*Look under “Forms”, then “Plan Member Brochures” and you’ll find it under
"Dynamic Therapeutic Formulary".

Dental Options

The dental plan offers you a choice of four options for reimbursement based on the current provincial fee guide.

Benefit Option 1 Option 2 Option 3
No coverage 80%; recall exams every 9 months 90%; recall exams every 9 months
50% 50%
No coverage 50%
Annual per-person maximum on preventive, basic and major care
$1,800 $2,500
TIP! Have all major-care or orthodontia estimates pre-approved by Manulife to avoid surprises. Just ask your dentist.

Life Insurance

You automatically receive minimum coverage equal to your annual pay for life insurance; however, you may choose to purchase up to 10 times your pay in coverage to a maximum of $1.7 million.

Option 1 An amount equal to your annual pay
Option 2 2 times your pay
Option 3 3 times your pay
Option 4 4 times your pay
Option 5 5 times your pay
Option 6 6 times your pay
Option 7 7 times your pay
Option 8 8 times your pay
Option 9 9 times your pay
Option 10 10 times your pay

This is your base pay not including your Variable Performance Bonus, Pay For Results bonuses, sales incentives or supplemental pay such as overtime, shift premiums and standby pay. If you are a sales-incented employee, your annual pay for benefits includes your target incentive amount.

If you increase your coverage, you will need to show proof of your good health by providing an Evidence of Insurability Form to our insurer. Once you are approved, your payroll deductions will begin.

The price you pay is based on the amount of life insurance you choose, your age and whether or not you smoke. Manulife's online benefit enrollment tool automatically calculates it for you.

Your life-insurance coverage continues until the day you:
  • Leave the Company, or
  • Retire.
While you’re still actively employed, your company-paid basic life insurance will remain in place until you:
  • Celebrate your 65th birthday, when it will be reduced by half, to a minimum of $12,500; or
  • Celebrate your 70th birthday, at which time it will end.
Any optional coverage you may have in place will be unchanged until age 70, at which time it will end.
Make sure your loved ones are protected

Be sure that you have designated a beneficiary for your life insurance.  Select "Forms > Change of Beneficiary" and follow the steps indicated to make an update.  If there is no beneficiary on file, all benefits will be paid to your estate.

You may purchase life insurance for your spouse, and you have 12 options to choose from.

Option 1 No coverage
Option 2 $25,000
Option 3 $50,000
Option 4 $100,000
Option 5 $150,000
Option 6 $200,000
Option 7 $250,000
Option 8 $300,000
Option 9 $350,000
Option 10 $400,000
Option 11 $450,000
Option 12 $500,000

The price you pay is based on the amount of spousal life insurance you choose, your spouse’s age and whether or not your spouse smokes. Manulife's online benefit enrollment tool automatically calculates it.

If you increase your spouse’s coverage, your spouse will need to show proof of good health by providing an Evidence of Insurability Form to our insurer. Once your spouse is approved, your payroll deductions will begin.

Your spouse’s coverage will end:
  • When you leave HP Canada Co., or
  • On your spouse’s 70th birthday.

You may purchase life insurance for your children, too.

Option 1 No coverage
Option 2 $5,000 per child
Option 3 $10,000 per child
Option 4 $15,000 per child
Option 5 $20,000 per child

No. You pay the same, no matter how many children you have. Children’s life insurance is just a flat rate; however, if you choose to purchase it, every one of your children will be covered.

It’s not required with children’s coverage.

Your children’s coverage will end:
  • When you leave the Company, or
  • When they are no longer covered under your benefits.

AD&D Insurance

HP Canada Co. provides you with accidental death and dismemberment (AD&D) insurance. You automatically receive AD&D coverage equal to your annual pay; however, you can purchase up to 10 times your annual pay for benefits to a maximum of $1.7 million.

  Basic Benefit
Option 1 An amount equal to  your annual pay
Option 2 2 times your pay
Option 3 3 times your pay
Option 4 4 times your pay
Option 5 5 times your pay
Option 6 6 times your pay
Option 7 7 times your pay
Option 8 8 times your pay
Option 9 9 times your pay
Option 10 10 times your pay

The price you pay is based on the amount of AD&D insurance you choose. It’s a flat rate for every $1,000 of coverage.

Any benefit you (or your survivors) may receive will be a percentage of your Basic Benefit, based on the severity of your loss, and will range between 25% and 200%.

Be sure that you have designated a beneficiary for your AD&D insurance.  Select "Forms > Change of Beneficiary" and follow the steps indicated to make an update.  If there is no beneficiary on file, all benefits will be paid to your estate.

Your coverage will end:

  • When you leave the Company, or
  • When you celebrate your 70th birthday.

You can also purchase AD&D insurance for your spouse, and you have 12 options to choose from.

  Basic Benefit
Option 1 No coverage
Option 2 $25,000
Option 3 $50,000
Option 4 $100,000
Option 5 $150,000
Option 6 $200,000
Option 7 $250,000
Option 8 $300,000
Option 9 $350,000
Option 10 $400,000
Option 11 $450,000
Option 12 $500,000

The price you pay is based on the amount of AD&D insurance you choose for your spouse. It’s a flat rate for every $1,000 of coverage.

Any benefit your spouse (or you) may receive will be a percentage of the Basic Benefit, based on the severity of your spouse’s loss, and will range between 25% and 200%.

If your spouse dies as a result of an accident, you will receive the AD&D benefit. You are the beneficiary.

Your coverage will end:

  • When you leave the Company, or
  • When you celebrate your 70th birthday.

You may purchase AD&D insurance for your children, too.

Option 1 No coverage
Option 2 $5,000 per child
Option 3 $10,000 per child
Option 4 $15,000 per child
Option 5 $20,000 per child

No, just like life insurance, AD&D coverage is based on a flat rate; however, if you choose to purchase it, every one of your children will be covered.

Disability Insurance

If you are sick and unable to work, you may be eligible to receive short-term disability coverage. HP Canada Co. also provides you with four different long-term disability coverage options.

You receive up to 26 weeks of short-term disability coverage, and this is fully paid for by HP Canada Co. The amount you receive is based on how long you’ve worked for the Company.

Years of
service
Weeks at
100%
Weeks at
66.67%
Less than 2 2 weeks 24 weeks
2 to 5 4 weeks 22 weeks
5 to 10 10 weeks 16 weeks
More than 10 14 weeks 12 weeks

You’ll need to supply evidence of your disability and provide updates to continue receiving payments. Check out the HP Canada Co. Short-Term Disability Policy on the @hp portal for more information.

Your case will be reviewed to determine if you’re eligible for long-term disability coverage.

If you are unable to return to work after 26 weeks of short-term disability leave, and you qualify for long-term disability (LTD) coverage, the LTD plan will continue to provide you with a portion of your monthly pay, fully paid by the company, based on the formula below.

50% of the first $2,500 of your monthly pay

45% of the next $1,500 of your monthly pay

30% of the balance of your monthly pay

 

If you need more, you can purchase coverage that will provide you with a benefit based on this formula:

60% of the first $2,500 of your monthly pay

50% of the next $2,500 of your monthly pay

40% of the balance of your monthly pay


Please note that the maximum monthly benefit that anyone can receive is the lesser of $10,000 per month or 85% of net pre-disability income.

Monthly pay is your base pay not including your Variable Performance Bonus, Pay For Results bonuses, sales incentives or supplemental pay such as overtime, shift premiums and standby pay. If you are a sales-incented employee, your annual pay for benefits includes your target incentive amount.

Inflation protection is based on increases in the Consumer Price Index (CPI) to a maximum of 3% annually.

You do. If you pay for long-term disability coverage with after tax payroll deductions, any HP Canada Co. disability income you receive will be tax free.

You must be under the regular care of a physician and not engaged in gainful work, except through an approved rehabilitation program. Refer to the HP Canada Co. Long-Term Disability Policy on the @hp portal for more information.

Your long-term disability coverage and any other benefits you may be receiving end on your 65th birthday.

Unused Flex Dollars

If you have flex dollars remaining once you've made your benefits plan decisions, the full amount will be deposited into your HCSA on January 1. Note that:

  • You can use your HCSA dollars to claim eligible health expenses for you and your dependents. All reimbursements will be tax free (except in Quebec).
  • If you do not use your HCSA contributions within one year, you will lose the unused balance.
  • You may carry eligible expenses forward for one year. That gives you up to two years to claim them. To confirm that a specific expense is eligible, you’ll need to contact Manulife directly.
  • Any mid-year flex dollar allocations will be pro-rated.