Dental Coverage for Your Employees:
One of the most common complaints about traditional insurance plans is that dental coverage is extremely limited and very restrictive by nature. Employees often pay into a group plan every month and receive very little benefit in return – leaving them frustrated. Olympia offers a unique alternative to traditional dental insurance which has been well received by thousands of employees across Canada.
Rather than a monthly contribution into a “pool” of dollars that are paid out in claims by insurance companies, the Olympia Health & Dental Plan offers a cost effective pay-as-you-go system for covering dental bills. As an employer you can completely control your costs. As an employee – there are no surprises when you make a claim!
The Olympia Health and Dental Plan does not restrict the types or amounts of dental expenses that are eligible for your plan. Basic dental care such as teeth cleanings and x-rays can be covered in addition to major dental work such as bridges, crowns, root canals and braces.
Orthodontics / Braces:
When the time comes that one (or more than one) of your children needs braces, the costs can be significant. Braces can cost upwards of $6,000 for a single child and most insurance plans cover only $1,500 of the expense. If you want to receive more “coverage” for these expenses you may be able to find a more expensive dental plan with that feature, but it will certainly cost you. So with a dental insurance plan in place, and a $6,000 bill to pay, the insurance company steps in for $1,500 leaving you with $4,500 out of your own pocket – even though you pay premiums every month!
With an Olympia Health & Dental Plan, your company can reimburse employees for an annual amount for anything health or dental related – including braces – and have no restrictions on where the dollars are spent. With an effective design of your employee benefits plan and proper planning by your employees, there is a significant opportunity for better coverage at a lower cost.
Root Canals, Bridges, Crowns:
Major dental work can be expensive and dental insurance plans are often ineffective for covering the costs. Using Olympia Benefits you can have your business reimburse your employees for major dental expenses such as root canals, bridges and crowns with 100% coverage. As with any Olympia Health & Dental Plan, you – the employer – get to decide how much to spend on employee benefits. Olympia offers 100% cost control on your employee benefits plans.