The Co-operators introduces flexible individual plans for retiring group membersBy The IJ Staff | January 16 2018 09:45AM
Co-operators Life announced on Jan. 16 the launch of ContinYou GOLDEN. These flexible plans enable retiring group benefits plan members and their families to transition to an individual plan that covers health, dental and emergency travel medical costs.
Retiring plan members who are covered by group benefits plans are eligible to apply for guaranteed lifelong individual health coverage with The Co-operators within 60 days of their group coverage ending.
Increasing healthcare costs
"As Canadians age, they are faced with increasing healthcare costs. 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," explained Conor Quinn, vice-president, group benefits at Co-operators Life. "That's why we introduced a flexible solution that allows retirees to easily transition to an individual plan. ContinYou GOLDEN takes the worry out of planning for these costs after you retire."
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 include coverage for vision care, dental services and options to increase emergency travel medical coverage.