Entrepreneurship & Small Business

Health and Dental Insurance for small business owner

  • Last Updated:
  • Nov 13th, 2017 6:53 pm
[OP]
Jr. Member
Nov 20, 2004
109 posts
5 upvotes
Markham

Health and Dental Insurance for small business owner

Hi

Anybody has any suggestion for companies for health and dental insurance coverage for small business (25 employees). I currently already setup with Brock Health and am happy with it. However, i would like to investigate 'real' health and dental coverage like those from manulife, bluecross etc... i want to start off coverage with myself ( owner and dependents) to see what the montly premium will be and may have the potential to extend to my staff.

Thanks in advance.
5 replies
Sr. Member
User avatar
Jan 8, 2009
808 posts
66 upvotes
GTA
bazan wrote:
Nov 6th, 2017 8:59 am
Hi

Anybody has any suggestion for companies for health and dental insurance coverage for small business (25 employees). I currently already setup with Brock Health and am happy with it. However, i would like to investigate 'real' health and dental coverage like those from manulife, bluecross etc... i want to start off coverage with myself ( owner and dependents) to see what the montly premium will be and may have the potential to extend to my staff.

Thanks in advance.
Premium would depend on a few factors such as limit, co-insurance, types of coverage and your employee data (# of single, couple, family, etc). We have access to multiple companies so can get you a comparison from them.
Good luck!
Insurance & Financial Advisor

All posts on this forum are for information purpose only and can't replace your policy contract. Please contact your own broker, agent or company before acting on my suggestions. There is more to insurance than just price!
[OP]
Jr. Member
Nov 20, 2004
109 posts
5 upvotes
Markham
Insurance-Broker wrote:
Nov 6th, 2017 7:03 pm
Premium would depend on a few factors such as limit, co-insurance, types of coverage and your employee data (# of single, couple, family, etc). We have access to multiple companies so can get you a comparison from them.
Good luck!
Pls send me PM with details. Txs
Deal Addict
User avatar
Mar 23, 2008
3819 posts
324 upvotes
Toronto
I'm compatible to you. Same amount of employees. I use Northern Financial Group.
[OP]
Jr. Member
Nov 20, 2004
109 posts
5 upvotes
Markham
NEMESIS_2008 wrote:
Nov 6th, 2017 11:42 pm
I'm compatible to you. Same amount of employees. I use Northern Financial Group.
Thanks.. I will take a look. How long have you been using them?
Sr. Member
Aug 5, 2008
662 posts
170 upvotes
bazan wrote:
Nov 6th, 2017 8:59 am
Hi

Anybody has any suggestion for companies for health and dental insurance coverage for small business (25 employees). I currently already setup with Brock Health and am happy with it. However, i would like to investigate 'real' health and dental coverage like those from manulife, bluecross etc... i want to start off coverage with myself ( owner and dependents) to see what the montly premium will be and may have the potential to extend to my staff.

Thanks in advance.
The insurance for just you and dependents won't be representative of policy for 25 people. They spread risk over the employee group and if you don't have a 'group', there is nowhere to spread risk. So ask for a quote. My company uses SunLife... but six of one, half dozen of another. Get a broker to shop around for you.

The big thing is that dental, optical, travel are not really 'insurance'. You will essentially pay for whatever you use, plus a 20% overhead. The insurance is really important for stuff that is uncommon (thank god) but expensive. Cancer meds for example.

Why don't you expand your Brock coverage (we use them as well to supplement SunLife) to cover all of your dental, optical, even basic drug and only insure the really deadly stuff with an insurance company?

just a thought.
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