Give employees more of what they really want by optimizing your benefits plan.

A Brief History of Benefits in Canada

There’s a reason benefits are overpriced and undervalued, especially for small businesses.

A Brand New Perk

During a nationwide wage freeze seventy years ago, creative business owners supplemented wages with the first-ever health benefits packages. This new and rare perk became their greatest tool for attracting and retaining employees.

An Unavoidable Cost

As benefits grew more common, they stopped being a point of differentiation. Today, their absence is all that’s noticed, so despite rising costs, businesses are compelled to keep offering them just to remain competitive.

A Captive Industry

After years of consolidation, a handful of benefits carriers hold all the power in the market. They set premiums and withhold information about what drives costs, so owners must either accept ever-increasing rates or shop the plan—but even that comes with the headaches of switching carriers.

Let’s Put the Customer Back in the Driver’s Seat

The old way of doing benefits works for insurance companies—not employers or their employees. It’s time for a fresh approach that prioritizes your needs.

Knowledge is Power

You shouldn’t feel in the dark when spending thousands of dollars, so we bring you behind the scenes of how your plan is being used so you can make informed decisions.

Customized Coverage

A one-size-fits-all plan doesn’t work for anyone; we’ll help choose coverage options based on employees’ needs and your budget that make every dollar count.

Ongoing Optimizations

Instead of the stress of annual plan renewals, meet with your Advisor every six months to review claims and adjust the plan to improve the efficiency of coverage.

New Benefits Models Change the Game

Most benefits carriers say nice things about how they can help employees live their best lives—but haven’t changed anything to provide extra value in decades. EIO is finally doing something different with three innovations on standard benefits.

Stability+ Benefits

Support your team’s everyday health needs with completely customizable options, including:

  • Prescription medications
  • Paramedical services (massage, physio, mental health, and more)
  • Vision care
  • Medical equipment and supplies
  • Hospital and travel protection
  • Dental care (cleanings to major work)

EIO offers unparalleled cost-certainty with our Stable-Rate Benefits Block, backed by Aetna International
Most traditional benefits are “experience-rated,” where rates and renewal increases are based solely on your group’s claims. At EIO, all claims are pooled in our Stable-Rates Benefits Block with thousands of members. Even if your claims go up 60%, they’re offset by the stable majority.

Efficiency+ Benefits

If the math makes sense and your business is comfortable with educated risk, you can seamlessly transition from the fully insured block to our Efficiency+ model of self insurance.

No new cards, plan designs, or rate changes— just cover the true cost of claims plus admin fees & taxes, then pocket the leftover investment or put it towards additional coverage. And for certain plan designs, affordable stop-loss insurance with a $5,000 deductible can be added to prevent unforeseen spikes in claims. With this model, our clients save an average of 30%!

Lifestyle+ Spending Accounts

Empower employees to take better care of all their health & wellness needs with flexible spending accounts with preset spending limits. 

Flexible uses:

  • Top up co-pays on your core plan (or a spouse’s)
  • Cover services not included in your core benefits
  • Offer as a standalone benefit for maximum choice at defined costs.

You and your employees decide the level of flexibility:

  • Follow CRA’s guidelines for a Health Spending Account (HSA), a non-taxable employee benefit
  • Allow wellness claims as part of a taxable employee benefit

Benefits Employees Can Use

All the coverage in the world won’t help employees if submitting claims is too confusing, difficult, or time-consuming. So, we’ve partnered with PBAS—Canada’s largest independent benefits administrators.

Claims Made Easy

Submit claims in seconds online or on mobile

Digital Cards

Set up direct-billing with service providers and pharmacies

Account Overviews

See plan designs and claims history on an online portal

Human Support

Get questions answered with on-call support agents

Getting Started With EIO

All the coverage in the world won’t help employees if submitting claims is too confusing, difficult, or time-consuming. If you’re ready to start giving to your employees, talk to an EIO Advisor about how you can optimize your benefits!

Book a Discovery Call

Review your existing coverage with an Advisor to see what’s driving costs and find opportunities to improve your coverage— no commitment required!

Choose the Right Plan For You

Your Advisor will work with our team to create 2-3 custom benefits solutions that offer immediate improvements to your plan.

Make Your Plan Better and Better

Meet with your Advisor every six months to analyze plan usage so you can continue to tweak coverage options.

Tell a Friend!

We know we can offer better benefits to every Canadian business; connect us with another owner in need and we’ll reward you both!

Learn How to Give More to Your Employees

Book a discovery call to learn how an EIO Advisor can help you
optimize your benefits!