Group Benefits for
Lafert North America
About Acera Benefits
We are a leader in employee benefits, retirement and insurance consulting. Our mission is to provide world class benefit consulting services within a culture that fosters creativity, innovation and superior client service.
Lafert Group Benefits, Health Spending Account and Group Retirement Program
Your SunLife benefits plan is designed to:
- Be meaningful and supportive of the associate and their family’s health;
- Ensure the appropriate levels of care are in place when accessed and needed;
- Meet or exceed plans for those who compete for the same talent;
- Provide the associate with the flexibility to choose coverage based on their lifestyle and health care needs.
1x annual earnings up to a $300,000 maximum
Medical evidence is required for coverage over $250,000
Reduces by 50% at age 65 – maximum benefit is $50,000 at age 70
Terminates at the earlier age of 75 or retirement
Spouse – $5,000
Child – $2,500
Terminates at the earlier age of 70 or retirement
No deductible
100% reimbursement coverage unless otherwise stated
Semi-private hospital is included, reimbursed at 100%
Custom orthotics up to $350 per person per benefit year plus $500 per person per year for orthopedic shoes
Hearing aids up to $500 per 5 years (includes repairs in this maximum)
Out of country emergency is covered for 60 days per trip, $3 million lifetime maximum with 100% reimbursement
Survivor benefits are provided for 24 months
Terminates at the earlier age of 75 or retirement
No Deductible
80% reimbursement for basic coverage
$1500 maximum for basic services per calendar year
Recall frequency is every 5 months
Survivor benefits are for 24 months
Terminates at the earlier age of 75 or retirement
Coverage is equal to 66.67% of monthly earnings
Maximum benefit is $15,000
Non-evidence maximum is $4,100
Elimination period is 4 months
Non-taxable
Definition of disability is 2 year “own occupation”
Terminates at the earlier of age 65 or retirement
No deductible
80% reimbursement coverage, lowest price equivalent
Pay direct drug card
$10,000 drug maximum
100% reimbursement
$500 per practitioner per person per calendar year that includes: Acupuncturist, Chiropodist/Podiatrist, Chiropractor, Massage Therapist, Naturopath, Osteopath, Physical Therapist, Psychologist, Speech Therapist
Amount: $500 per benefit year (May 1 to April 30, annually)
No carryover
Grace period for outstanding claims is May 1 to July 30
LifeStyle spending account
Canada Life Group Retirement Plan
Designed to help our staff save for retirement in a cost-effective manner, meet or exceed plans for those who compete for the same talent and align with Lafert North America values.
Full-time employees are eligible following 3 months of employment.
Participation is voluntary.
Regular and voluntary contributions are voluntary. You can join immediately and make regular contributions to the plan. You will not be eligible for employer contributions until you’ve completed 3 months of employment.
Lafert North America will match your contributions up to 3% of your gross salary.
Each member will choose their investment allocation.
The default fund is Continuum TDF.
Withdrawals are not allowed from the contributions made by the employer and employee.
Withdrawals are permitted for CRA’s Home Buyers and Lifelong Learning plans.
CRA’s Home Buyers: This program allows you to withdraw funds from your RRSP to buy or build a home for yourself or a related person with a disability. You can pay back the withdrawn funds within a 15-year period.
Lifelong Learning: This plan allows you to withdraw up to $10,000 in a calendar year from your RRSP to finance full-time training or education for you or your spouse/common-law partner.
Yes
Questions or concerns? Contact your Client Service Associate today:
Kelly DePaoli
604.294.3301 ext. 3052
kelly.depaoli@acera.ca
