Canada Life and ClaimSecure announced on April 4 the launch of SecurePak. This bundled offering includes Canada Life's insurance benefits and ClaimSecure's health and dental claims adjudication services.
Canada Life acquired ClaimSecure in 2021. SecurePak is their first collaboration. It offers plan sponsors “the advantage of modernized claims processing through ClaimSecure and the security of Canada Life's pooled products for plans in the small-case market with 25 to 200 plan members,” explains a statement released by the insurer.
The core SecurePak bundle includes: Administrative Services Only (ASO) health and dental coverage; out-of-country travel insurance; life insurance; accidental death and dismemberment insurance and stop-loss insurance.
Optional add-ons include: short-term and long-term disability and optional life insurance; healthcare spending account, coverage navigation services and Formulary Protect and the Preferred provider network program (not available in Quebec).
"Through our acquisition of ClaimSecure, we knew we'd be able to collaborate and create an additional channel to provide products, plans and technology solutions, like SecurePak, to even more customers in Canada," stated Brad Fedorchuk, Executive Vice-President, Group Customer at Canada Life. "We're excited to be able to combine ClaimSecure's innovative technology with Canada Life's high-quality pooled products. Unlike other ASO offerings, SecurePak offers a client experience with one quote, one application, one product, and all at a competitive price."