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% | ||
|
50% | 60% | ||
Hospital coverage | Semi-private | Semi-private | ||
Medical supplies and services | 75% | 90% | ||
|
$1,200 /person/year |
$1,500 /person/year |
||
Physiotherapy | $1,000/person/year | $1,200/person/year | ||
|
$400 /person/year |
$600 /person/year |
||
|
$250 /person/year |
$350 /person/year |
||
|
$300 /person/5 years |
$500 /person/5 years |
||
|
||||
|
75% | 90% | ||
|
$200 /person/2 years |
$300 /person/2 years |
||
|
$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 enrolment tool automatically calculates it for you.
- Leave the Company, or
- Retire.
- 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.
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 enrolment 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.
- 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.
- 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 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 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.