GreenShield Group Benefits for Small Businesses: A Comprehensive Review

GreenShield group benefits for small business is a trusted option for companies seeking comprehensive and affordable health coverage for their employees. Designed specifically for companies with fewer than 50 employees; it offers flexible plans that ensure both employers and their teams are well-supported. 

From health and dental coverage to wellness programs and access to exclusive partnerships, GreenShield provides small businesses with a range of options to meet their unique needs. In this blog, we’ll explore the key features, benefits, and reasons why GreenShield group benefits could be an excellent choice for your small business.

What are the key features of GreenShield’s group benefits for small businesses plan?

GreenShield’s Honeybee Select plan covers businesses with 2-50 employees. Generally, all full-time and part-time employees are eligible for coverage. This plan has no waiting period depending upon the terms of the plan.

Key features of GreenShield’s Honeybee Select plan for small businesses

Category Details
Minimum group size 2 employees
Maximum group size 50 employees
Employee eligibility All full-time and part-time employees are generally eligible
Participation basis Offers four set plan designs. with three options that do not require underwriting
Cost sharing Plan offers 2 cost sharing options: Health Spending Account and Administrative Services Only
Waiting period Waiting periods may apply depending on the terms of the plan
Termination age Typically the plan terminates when the employee reaches 65 or upon retirement

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What are the eligible expenses under  GreenShield’s Honeybee Select plan for small businesses?

GreenShield’s eligible expenses include financial services like RRSP contributions, transportation, travel and entertainment, and more. It also covers kids’ and pet insurance, ensuring comprehensive support for both family and personal needs with flexible options designed to promote overall well-being and financial security.

Below is the GreenShield allowances chart for your reference:

GreenShield’s Honeybee Select employee benefits eligible expenses

Category Eligible expenses
Wellness – Vitamins & nutritional supplements

– Weight loss programs

Art and athletic therapy

– Counselling therapist, food & supplements

– Holistic healing, marriage and family counselling

– Therapist, meditation, non-traditional healing

– Nutritionist

– Osteopathy personalized medicine

– Professional prostheses, registered psychiatric nurse

– Life Coaching, health coaching, midwife

– Oral health, cosmetic dentistry

Kids & pets – Pet Insurance, Pet day care & walking, pet grooming, pet food

– Child care services, activities & programs

– Tutoring services

Fitness, sports & equipment – Gym membership, gym equipment

– Bicycles or personal non-motorized transportation, leagues

– Lessons, programs, sporting goods(excluding clothing and shoes)

– Group classes, personal training

– Pilates, yoga, athletic shoes

– Athletic clothing

Transportation – Public transit, Uber/ride sharing

– Parking car share program

– Arrive alive (don’t drink & drive)

– Taxi/cab, cas, bike share program

Time savers – Jiy home repair, grocery delivery (Service Fees)

– Retail delivery(Service Fees)

– Meal delivery & take out

Education – Conferences & seminars

– Training & course fees

– Continuing education, tuition, reimbursement

– Language lessons & instructional

– Financial literacy

– Public speaking, Professional dues

Travel & entertainment – Movie theater, theater tickets, meals, Social clubs

– Personal travel expense

– Lodging, sporting

– Event

– Art lessons

– Concerts

Additional protection – Life insurance

– Travel insurance

– Home/renters insurance

– Auto insurance

Vacation fund – All vacations,

– Volunteer, humanitarian/charity work

– Adventure, sports & activities

Charity – Charitable donation (Individual)

– Charitable leave expenses (travel, accommodation, etc,)

– Disaster relief donation

Financial services – Student loan repayment

– TFSA, RRSP, Resp contribution

– Financial

– Planning, wills and estate planning

– Credit counseling

What is Honeybee by GreenShield? 

Honeybee allows for plan members themselves to choose the level of health and/or dental coverage that makes the most sense for their personal circumstances. Depending on what the plan members choose, more or less money can be made available for them to use in a flexible Health Spending Account.

With Honeybee’s user-friendly app employees can submit claims from anywhere. at any time, view their claims history and coverage details. and access their benefits card on-the-go. Additionally, they can take advantage of exclusive offers and discounts. all in one easy-to-use platform.

Below is an example of how a Honeybee account works:

How Honeybee account works

What is GreenShield Honeybee Select?

Honeybee Select is a digital benefits solution designed for small businesses in Canada with less than 25 employees. Benecaid and GreenShield collaborated to create the Honeybee Select platform to simplify how small businesses offered employee benefits. 

With Honeybee Select, small business teams get the advantage of Honeybee’s cutting-edge digital platform, providing a smooth and simple benefits experience from start to finish.

Why consider Honeybee Select for your small business?

✅ Simple, user-friendly digital benefits

 

✅ Pick the standardized plan that fits your needs

 

✅ Add Allowance Accounts for additional coverage

 

✅ Exceptional experience for plan members

 

✅ Access to exclusive partner services

 

✅ Pooled benefits available upon request

 

✅ Get a guaranteed quote within 24 hours

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What are the different Honeybee Select coverage plans for small businesses?

Honeybee Select include 3 plan options, i.e. Plan 1, Plan 2, Plan 3. Below is a straightforward set of plan options that provide coverage for both employees and their dependents.

Honeybee Select plan options for small businesses in Canada

Coverage Plan 1 Plan 2 Plan 3
Drug maximum $3.000/person $5.000/person $10.000/person
Drug coinsurance 80% 80% 100%
Paramedical maximum $300/practitioner $300/practitioner $500/practitioner
Paramedical coinsurance 80% 80% 80%
Vision maximum $150/24 months/person $250/24 months/person
Vision  coinsurance 80% 80%
Basic dental maximum $750/person $1.000/person $1.500/person

(combined with Major

Dental)

Basic dental coinsurance 80% 80% 80%
Recall exam 1 every 9 months 1 every 6 months 1 every 6 months
Major dental maximum $1.500 (combined with

Basic Dental)

Major dental coinsurance 50%
Pooled benefits As requested As requested As requested
Health spending account As requested As requested As requested
Allowance Account As requested As requested As requested
Travel insurance Yes Yes Yes
Inkblot access Yes Yes Yes

Learn more about the cost of employee benefits for small businesses in Canada

How GreenShield+ enhances healthcare and benefits experience?

GreenShield+ is an integrated healthcare solution that redefines the benefits experience for Canadians, leveraging over 65 years of expertise in insurance and health services. It provides seamless access to telemedicine, pharmacy services, and mental health support through a user-friendly app. 

It helps users to:

  • Connect with healthcare professionals
  • Get prescription medicines delivered to their doorstep
  • Access therapy services 
  • Easily get reimbursed through an automatic reimbursement form without paperwork

GreenShield+ emphasizes better access, integration, convenience, and health outcomes, aiming to enhance the overall well-being of Canadians while reducing sick days and improving work-life balance. This innovative platform is designed to meet the evolving needs of the workforce by offering comprehensive health solutions in one accessible location.

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Give us a call at 1-888-601-9980 or book some time with our licensed experts.

How does GreenShield assist in processing claims?

GreenShield offers a streamlined process for submitting claims, making it easier for members to access their benefits. The key methods range from online claims submission, direct billing and manual claim submission. Below are the methods through which GreenShield assists in processing claims:

  • You can submit claims via the GSC Everywhere portal or mobile app, allowing for faster processing and often same-day adjudication for eligible claims
  • Many healthcare providers can submit claims directly to GSC at the time of service, eliminating the need for upfront payments
  • For manual submissions, members can mail original receipts and a completed claim form to GSC. Claim forms are available online or through customer service

Claims are processed within two weeks, with direct deposit options available for faster payment (often within 24 hours of approval).

Who is eligible for GreenShield Honeybee Select’s employee benefits for small businesses?

Companies with 25 or fewer employees, self-employed individuals, freelancers, and seasonal workers are eligible for GreenShield’s Employee benefits for small businesses. Employees must be Canadian residents with valid provincial health insurance to qualify for the benefits.

Does GreenShield cover private hospital rooms in Ontario?

Yes, GreenShield offers coverage for private hospital rooms in Ontario. Their plans include optional benefits that pay for the difference between standard ward charges and semi-private or private accommodations, allowing for up to 30 days of coverage per year.

What we like about GreenShield’s employee benefits for small businesses plan?

GreenShield’s Employee Benefits for small businesses plan includes its full customization options, digital administration and scalable pricing. Here are some offerings that we like: 

  • Full customization: Employee benefits shouldn’t be the same for everyone. Create a plan that fits both your company and your employees’ unique needs
  • All-in-one digital administration: GreenShield easy-to-use platform gives you a complete overview of all your employee benefits. You can quickly add or remove employees and manage everything in one place
  • Consistent pricing: As your company grows, your benefits plan should too. Green Shield offers consistent pricing and flexibility. scalable approach to meet your changing needs
  • Administration services only (ASO): Businesses only pay for what employees actually use, enhancing cost-effectiveness. It features risk mitigation with stop-loss pricing starting as low as $1,000 and a fair, transparent renewal process

How to get the best employee benefits rates from GreenShield?

To secure the best employee benefits rates from GreenShield, it is advisable to speak to our Policy Advisor experts who can provide insights into various plans and options available for your business.They will also help you submit your health insurance application whenever you’re ready to go ahead with the plan.

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Frequently Asked Questions

Does GreenShield offer benefits plans for retired employees or losing their jobs?

Yes, GreenShield offers benefits plans for retired employees or losing their jobs. They provide a range of conversion products designed to ensure continued coverage, including options that cater specifically to individuals transitioning from group benefits. This includes health and dental plans that cover pre-existing conditions, ensuring peace of mind during these transitions.

Are there any underwriting requirements?

Yes, for underwriting requirements employers are required to provide information about their workforce, including the number of employees and any relevant health history. This data helps assess risk and identify suitable coverage options. The process ensures that the benefits package is tailored to meet the needs of both the business and its employees.

What are add-on allowance accounts?

Add-on allowance accounts provide extra coverage options that employers can choose through the Honeybee Select platform. These accounts enable businesses to offer flexible spending accounts for various employee needs, including healthcare spending accounts (HCSAs) and lifestyle benefits. This level of customization allows companies to tailor their benefits packages to better address the specific demands of their workforce.

Can small businesses customize their benefits package?

Yes, small businesses can customize their benefits packages using the Honeybee Select platform. This platform enables employers to select standardized plans and add-on options, to create a benefits structure that aligns with their budget and meets employee needs. This flexibility is especially advantageous for companies with fewer than 25 employees.

How does Honeybee Select support employee mental health?

Honeybee Select supports employee mental health by incorporating mental health coverage into its standard offerings. This coverage is facilitated through partnerships with organizations like Inkblot Therapy, providing access to licensed mental health professionals.

Are there any additional costs associated with the add-on allowance accounts in Honeybee Select?

Yes, there are additional costs associated with add-on allowance accounts in GreenShield’s Honeybee Select. The base plan comes with a monthly fee of $10 per employee, while employers must fund these accounts according to their chosen amounts. As a result, total costs will vary based on the contributions made to the accounts.

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