Flexible Credits & Options Overview
Management and Professional Staff
Management and Professional Staff health benefits are comprised of two parts, core benefits and flexible spending accounts. Explore the core benefits below as well as the health and wellness spending accounts.
Flexible Benefits and Options Overview
Basic Life Options
Learn about the basic life options available to staff.
Long Term Disability Options
View plan options for MaPS long term disability.
Health and Dental Options
There are different coverage options for health and dental care. This allows employees to chose the plan that best suits their individual needs.
Voluntary Critical Illness (CI) (Employee and Spousal)
Voluntary Critical Illness Insurance is designed to cover the gap between Disability insurance and Life insurance. Due to medical advances, people are now surviving what were once terminal illnesses. Survival may, however, create very substantial lifestyle changes which carry a heavy financial cost. Critical Illness can ease these costs. In the event of a specified illness being diagnosed, a non-taxable lump sum benefit is payable. There are no restrictions on how these funds are used once received.
- Coverage is available for employees and for spouses.
- Coverage can be purchased in units of $1,000 up to a maximum of $225,000.
- Coverage is available up to age 70.
Voluntary Accidental Death and Dismemberment (AD&D)
This coverage is available to employees and/or spouses and provides on and off the job, 24-hour coverage for death, dismemberment, paralysis, loss of sight, speech, and hearing resulting from an accident, as well as many other value added benefits.
Coverage can be purchased in units of $1,000 to a maximum of $250,000.
The monthly cost for voluntary AD&D is $0.014 per $1,000 of coverage. The cost for this benefit is your responsibility and is paid via payroll deductions.
You may select Voluntary AD&D coverage during initial enrolment or re-enrolment through the self-service tool or at any time during by contacting email@example.com.
Optional Life Insurance
Learn more about the optional life insurance available to MaPS.
Employees enrol into the plan when they are first hired. Flex Option choices are in place until the next re-enrolment period. Re-enrolments are effective every odd year: Jan. 1, 2019, Jan. 1, 2021, Jan. 1, 2023 etc.
The self-service enrolment tool (for either initial enrolment or re-enrolment) will calculate your Health and Dental annual price tags and excess flex credits available based on your dependent status and Flex Options selected. You will have the opportunity to consider different scenarios prior to submitting your choices.
Qualified Life Events
If you experience a Qualified Life Event (for example, birth of a first child, marriage, divorce, substantial gain/loss of spousal coverage), you need to update your personal information to ensure your benefits accurately reflect your family status.
Eligible employees enrol in the Flexible Group Benefits Plan when they are first hired and Flex Option choices remain in place until the next re-enrolment period. Re-enrollment periods occur every odd year. The next re-enrolment period will be effective Jan. 1, 2021.