Assumption Life's Cost Plus program is an option that can be exercised for all health and dental expenses which exceed the limits outlined in the Benefits Summary or are not covered by the Group Insurance Plan.
Expenses which are not covered by law are not included under this option.
Cost Plus provides four distinct advantages:
- Covers otherwise uninsured expenses
- Premiums are a deductible business expense
- Benefits are non-taxable income for the employee (not applicable in Quebec)
- Claims paid do not affect the experience of the group
