Employee Benefits Plans

A Plan to Suit Each Person

Employers commonly opt for a “Traditional Benefit Plan,” which is typically fully insured and administered by an insurance company. This plan provides defined insurance benefits like Life, AD&D, Dependent Life, Short Term and Long Term Disability, and Critical Illness Insurance, along with preset Extended Health and Dental benefits. Large companies prefer this plan due to its broad employee coverage and full eligibility, regardless of pre-existing medical conditions.

However, there are two major drawbacks to consider. Firstly, the employer cannot participate in the ownership of the Extended Health and Dental components, as the insurance company retains all premiums to maintain profitability. When target loss ratios are not met, insurers raise premiums, leading to unexpected increases each year. Secondly, insurers administer the plan but do not actively manage it, leaving employers unprepared for renewal surprises.

By working with Health Risk, you will gain access to customized insurance plans that will offer you the best possible coverage and value for your needs. Contact us to learn more about Fully Insured Traditional Benefits Plans and how we can assist you as your Broker of Choice!

Traditional Options to Suit Modern Needs

Employee Benefits Insurance: The Number One Choice

No Unexpected Increases

Know that you can sign on to the right employee benefits plan without the threat of any unexpected increases

Agreeable Premiums

We understand that cost matters - and that’s why all of our available plans have agreeable premiums

Fully-Managed Plans

Insurance doesn’t have to be complicated - especially with our fully-managed plans

Cover Large Numbers
of Employees

Whether you’re running a small or large business, our employee benefits plans cover large numbers of employees

Full Coverage for
Each Employee

Ensure long-term commitment from your employees by showing them you care through full coverage for each individual


Modern times call for unique alternatives - and that includes diverse insurance coverage plans!

Secure the Future of Your Employees

A Variety of Insurance Options

We know that every business has unique employee benefit needs – that’s why Health Risk offers a diverse array of insurance plans to fit your specific requirements. Our plans include options for health, dental, vision, and life insurance, among others. We understand that choosing the right insurance plan can be overwhelming and confusing, but we are here to help you navigate through the process. We will partner with you to create a comprehensive benefits package that meets the needs of your staff, while also staying within your budget. Our team of professionals is dedicated to providing exceptional customer service and support throughout the entire process.

Protection Against the Unexpected

Health Risk is a leading provider of employee benefits plans that safeguard your employees against the unexpected. Don’t be caught off guard by unexpected premium increases at renewal time by experiencing the hidden costs of traditional benefits plans. Unlike other brokerages who are simply administering your policy, we actively manage your plan to avoid surprises. Make the smart choice, and partner with Health Risk for fully insured traditional benefits plans. Get in touch with us today to learn more about the advantages of our services.

It’s Never Too Soon to Get Started

By partnering with Health Risk, you can minimize the risks of employee illness and reduce healthcare costs, while fostering a productive and engaged workforce. Schedule a consultation today and take the first step towards securing your business’s future.


An employee benefit plan is to improve the welfare of an employee through insuring them in medical, health, and hospitalization areas, and to protect them in the event of sickness, accident, or death.

When it comes to mandatory or statutory benefits that employees must receive in Canada, this includes pair vacation, holidays and overtime, a Canada Pension Plan, Employment Insurance, and Workers Compensation premiums.

If you offer your employees an employee benefits plan, this often helps to attract, retain, and motivate your employees, as well as make them feel valued and protected.