The Co-operators Life Insurance Co. is introducing retiree benefits plans to help its group plan members transition from their company’s health and dental plans upon retirement.
Employees covered by a Co-operators’ group benefits plan through their employer are eligible to apply for the individual coverage within 60 days of the end of their group plan.
“As Canadians age, they are faced with increasing health-care costs,” said Conor Quinn, vice-president of group benefits at the Co-operators, in a news release.
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“Items such as prescription drugs, medical equipment, in-home nursing care, dental treatment, as well as emergency travel medical costs can be challenging to manage on a fixed income. That’s why we introduced a flexible solution that allows retirees to easily transition to an individual plan.”
All plans include coverage for prescription drugs, accidental dental treatment, emergency travel medical treatment, in-home nursing care, medical items and prosthetic equipment, paramedical services and hospital accommodation. Enhanced plans, which include coverage for vision care, dental services and options to increase emergency travel medical coverage, are also available.
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