Hybrid Benefits and Group Insurance
Hybrid benefits and group insurance allow a best of both worlds approach. You can pass risk off to the insurance company and have higher levels of protection combined with the flexibility and cost controls of a spending account.
Power up your Wallet plan with group insurance
Give your employees the coverage they need with a flexible, comprehensive group insurance plan. Offer essential benefits like life insurance, long-term disability, critical illness coverage, and more to protect their health, their future, and their families.
Group Insurance Add-ons
Pick and choose your desired group insurance products to add to your Wallet plan.
Life and AD&D
Life and Accidental Death & Dismemberment (AD&D) coverage ensures that your employees and their families are supported financially in the face of life’s most challenging moments.
Long-Term Disability
In the event one of your employees are unable to work due to a serious illness or injury, Long-Term Disability coverage ensures they continue to receive a stable income, safeguarding their livelihood.
Critical Illness
Critical Illness coverage provides a lump sum payment to employees facing serious health conditions, helping them manage expenses and focus on recovery without the added stress of financial strain.
Out-of-Country
Provide your employees with essential coverage for medical emergencies during international travel, giving both you and your team peace of mind.
Dependent Life
Dependent life coverage provides essential financial security for your employees' families, offering peace of mind by ensuring that loved ones are taken care of in the event of an unexpected loss.
Prescription Drugs
Ensure your team has affordable access to the medications they need to maintain their health and well-being.
Getting started is simple
Discovery
Explore the various possibilities your benefits can do
Plan Design
Set up a benefits account that is best suited for your needs
Setup and Launch
Distribute your benefits throughout the various accounts you setup
Enjoy your benefits
Once your account is ready you can submit claims to use your benefits
Frequently Asked Questions
What is PharmaFlex Benefits?
PharmaFlex is a consortium of insurance providers, endorsed by McKesson, offering a range of comprehensive insurance products and services to the McKesson banner stores. PharmaFlex includes special products, features and preferred pricing.
Who is PharmaFlex Benefits insurance for?
PharmaFlex serves pharmacists, pharmacy owners and their employees who work under any of the McKesson retail banners: The Medicine Shoppe, Remedy’sRx, Guardian and I.D.A. We also have many other pharmacies from within the McKesson family.
What does it mean to be a preferred vendor for McKesson Canada?
McKesson searched for, vetted, and selected a partner for insurance services. McKesson Canada chose PharmaFlex as a preferred vendor for The Medicine Shoppe, Remedy’s Rx, I.D.A., Guardian and members of their retail buying club. They did their due diligence, so pharmacy owners have one less thing to worry about. PharmaFlex is proud to be a preferred vendor of McKesson Canada and offer you savings and exclusive coverage as part of our group employee benefit plans.
How do you prepare my insurance quote?
Once you request a quote, we call you for a personal consultation. In this conversation, we go over your needs and help you understand your current coverage and options to simplify things, reduce costs or meet your objectives. To produce an illustration or “quote” we require a census of your employees and if you have an existing benefit plan, some information on your plan experience and most recent rate renewal. We then show you how to get the solution you need to put your mind at ease. With our quote and consultation process, you will leave the discussion with an understanding of where your current coverage may or may not meet your needs and how you can save money with PharmaFlex.
How long has PharmaFlex Benefits worked with McKesson?
PharmaFlex has provided quality service to Canadian pharmacists, pharmacy owners and their employees since 2013. While other brokers come and go, our longevity comes from our commitment to understanding pharmacists and pharmacies, serving them well and bringing them greater value than they could otherwise find in the marketplace.
Can you be more specific about what PharmaFlex Benefits offers?
PharmaFlex offers employee group insurance benefits like extended health and dental and employee spending accounts. PharmaFlex also offers personal insurance like life insurance, disability insurance and critical illness insurance. For pharmacy owners, we provide life insurance to fund shareholder/partnership agreements and valuable advice on how to run pharmacy and personal affairs better through integrated planning. Integrated planning lets pharmacy owners integrate their business and personal planning to avoid gaps and eliminate overlaps for greater cost and tax efficiency.
I’m busy so what’s the best way for me to learn about PharmaFlex Benefits insurance products and services?
We designed our website with busy pharmacy owners and pharmacists in mind! We know that you want to research your options at your convenience, so we put as much information as possible right here on our website. By the time you finish reading our site, you will know who we serve, what our products look like and the answers to your most frequently asked questions. However, we feel a personal touch and “learning your way” is the best approach. We are happy to provide customized information, whenever possible visit your pharmacy, or simply join a call to talk about your needs and your goals.
