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Introducing the New, Fully-Pooled Catastrophic Hybrid Insurance Plan

By: Benefits by Design | Tuesday October 5, 2021

Updated : Thursday August 25, 2022

In partnership with the Canadian Group Insurance Brokers (CGIB), Benefits by Design (BBD) Inc. is proud to unveil a new, fully-pooled and transparent catastrophic hybrid insurance plan!

Introducing the New Catastrophic Hybrid Insurance Plan

Designed with small- and mid-sized employers in mind, the CGIB Catastrophic Hybrid Insurance Plan (CHIP) brings a new level of rate stability, particularly in cases where high-cost drugs are a factor. What’s more, Advisors and their groups are offered transparency like never before, where both the premiums and claims paid are shared with stakeholders.

This is an ideal product for plan sponsors looking to control rate volatility in their group benefits plan, while offering essential health coverage for employees, and benefiting from transparency in premiums and claims paid from the health pool.

Interested in learning more? Download the full Overview below!

Download the Program Overview (PDF: 67 KB)

What’s Different About this Plan?

Sharp advisors will already know that we offer a group Catastrophic Hybrid Plan so what makes the CGIB CHIP plan different?

Want to learn more about field underwriting? Download our guide below!

Download the Field Underwriting Guide (PDF: 58 KB)

Update: One year later we have our first case study!

[Case Study] CGIB Catastrophic Hybrid Insurance Plan: A Solution for the Diverse Workplace

What is Included in the Plan?

This fully-pooled catastrophic hybrid plan includes essential health coverage, emergency medical travel, and a Health Care Spending Account (HCSA). Here’s a closer look:

Essential Health Coverage, including:

Travel Coverage, including:

Health Care Spending Account (HCSA)

Insurance Deductible

Looking for More Coverage?

This product naturally pairs well with other pooled options such as Life Insurance, Accidental Death and Dismemberment (AD&D) Insurance Short Term Disability (STD) Insurance, and Long Term Disability (LTD) Insurance to provide great coverage with affordable and stable rates.