Medical Insurance

Quikcard offers an innovative alternative to medical insurance in Canada

If the increasing cost of your medical insurance coverage is affecting your company's profitability, it may be time to consider an alternative to traditional family medical insurance in Canada with a Quikcard health spending account – an HSA.

Although group medical insurance can provide your employees with comprehensive medical coverage, medical insurance companies make their money by charging high premiums. Some companies have seen their health insurance costs double every 3 to 4 years, and premiums usually increase yearly even if a company's claims rate decreases.

Also, most companies first deal with medical insurance brokers who may also charge an administration fee on top of the premiums to the medical insurance company. These rising insurance rates have become a real problem for companies who want to offer their employees satisfactory medical health insurance.

A Quikcard medical plan is the solution

A Quikcard health spending account still allows employers to offer quality medical coverage without the cost or restrictions of medical health insurance. Here's how we compare:

With medical insurance coverage, you usually choose from pre-determined health plans.

A Quikcard medical plan is designed to meet the needs of each individual company and their employees. We help custom design a plan just for you.

Family medical insurance may limit the coverage you can access.

With Quikcard, we impose no restrictions on the services each company chooses to cover. Medical coverage can include private hospital rooms to naturopathic services to massage therapy and more. You determine the limits.

With medical health insurance premiums, what you don't use, you lose.

With Quikcard, you pay only for what you use. Money remaining in your account at the end of the year can be carried over to next year or refunded back.

Finally, your company funds your Quikcard account with pre-tax dollars and deducts this spending at the end of the year. Your employees receive better coverage as well as a non-taxable benefit.

Interested in finding out more about a Quikcard medical health plan?

For all your health, vision, dental, and prescription drug needs in Canada, contact us today and we will customize a medical plan just right for you.