WATERLOO,ON, Sept. 10, 2012 /CNW/ - Canadians place a high level of
importance on the Group Benefits they have as part of their employment
package. In fact, according to the 2012 Sanofi Canada Healthcare
Survey, 63 percent of employees surveyed said that they think more
positively of their employer because of their health benefit plan. So,
what happens when something changes and an employee is no longer
eligible for their employer sponsored health benefit?
"Coverage2go™ allows employees to enjoy individual health protection
that works like the coverage they recently had through the workplace,"
says Karen Mason, Senior Vice President, Group - Equitable Life of
Canada®. "Canadians place a high value on the protection afforded by Group
Benefits coverage and Coverage2go can fill a gap in an individual's
insurance needs when they are no longer eligible for employer sponsored
Coverage2go offers affordable, reliable health coverage and is available
to anyone who had health coverage under a Canadian Group Benefits Plan
within the 60 days immediately prior to submitting a Coverage2go
application to Equitable Life.
"Regardless of the reason that someone no longer has group health
coverage, Coverage2go can help and regardless of whether or not they
were an Equitable Life Plan Member, Coverage2go can help Canadians
protect their health, their families and their financial future," adds
Mike Smiley, Assistant Vice President - Group Sales, Western Canada.
"Coverage2go is just the latest example of our recent responses to the
changing insurance needs of Canadians and addresses changes in their
employment status and Group Benefits eligibility."
In fact, change is what triggers an individual's need for Coverage2go.
"Canadians change employment, retire when expected, or in some cases
earlier," says Mason. "Coverage2go can provide health and dental
coverage to those for whom a change means a loss of group coverage."
According to the recent Sanofi survey, only 51 percent of survey
participants expect continued access to employer health benefits after
retirement. This will have an important impact on the baby boomer
generation that is just starting to retire.
"Coverage2go can benefit baby boomers facing retirement without the
Group Benefits they have become accustomed to," says Smiley. "It is
also designed to meet the needs of any Canadian who has recently lost
their Group Benefits coverage and needs health protection to go."
Anyone under the age of 75 who was recently covered for health and/or
dental coverage can now visit equitable.ca and use an online
Coverage2go Quote Calculator to see just how affordable individual
health coverage can be through Equitable Life of Canada.
About Equitable Life of Canada
Since 1920, customers have been depending on Equitable Life of Canada
for financial protection. As one of the largest mutual life insurance
companies in Canada, Equitable Life® is dedicated solely to its policyholders. Everything we do is focused
on providing them with personalized service, security and wellbeing.
Through partnerships with Managing General Agencies and Advisors, we
offer a wide selection of competitive Individual Life and Health,
Savings and Retirement and Group Benefits products to meet a range of
financial planning and health needs.
SOURCE: Equitable Life of Canada
For further information:
Media Relations Contact
Communications Specialist - Group Marketing
Direct Line: 519-904-8155