What is myFlex?

Let’s start with the basics. myFlex Benefits is a cafeteria-style flex benefits option designed specifically for small businesses, helping them:

1. Stablize Costs

• fully pooled for groups of less than 75 lives
• 2 year renewal
• employer chooses how much to spend, including in future renewals

2. Create greater employee appreciation of benefits

• greater transparency of the costs and value of benefits as employees can select the benefits that they need

3. Compete for talent by offering benefits that can more closely match what is offered by competitors or former employers.

myFlex is ideal for groups with between five and 75 lives who are interested in offering competitive benefits on a budget.

It’s simple: plan sponsors define their contribution and choose from a selection of benefit options. Plan members then personalize their plan by choosing from the options offered by their employer. Plus, they can purchase additional coverage with payroll deductions.

A unique offering for small businesses in Canada, myFlex is fully pooled, features a two-year renewal and a user-friendly portal for plan members to make their benefit selections. Watch the video to learn more.