Benefits Plans
for Small Businesses
Best Buy Flex is the perfect plan for small businesses of three or more
employees who want simplicity, flexibility, and cost control. More than an
“off-the-shelf” benefits plan, Best Buy Flex provides a range of options for
employers to design a benefits plan specifically for their employees.
Benefits Plans
for Small Businesses
Best Buy Flex is the perfect plan for small businesses of three or more employees who want simplicity, flexibility, and cost control. More than an “off-the-shelf” benefits plan, Best Buy Flex provides a range of options for employers to design a benefits plan specifically for their employees.
What are Best Buy Flex Benefits?
Traditional group benefit plans often have a “one size fits all” approach where every member of your company has the same benefits. With the Best Buy Flex Plan, you select the benefits to offer to show your employees you care, with the flexibility of a more tax-effective plan.
With the Best Buy Flex Benefits Plan, the plan sponsor selects the benefits to offer to employees. Employees then receive the flexibility they need for their own coverage through a tax-effective plan. The combination of insurance protection and flexibility is one of the key advantages of Best Buy Flex .
There is a growing demand for a group plan that is flexible, easy, and affordable for small businesses. Some small businesses assume they are too small to have a truly flexible solution or have found in the past it was too expensive to do so. The McDougallFlex Benefits Plan is designed to meet this demand.
The Best Buy Flex Plan is unique because employers can tailor which benefits to offer. The employer gains control over the costs of a plan while offering real choice for their employees, showing their appreciation and attracting new talent with a quality benefits package.
Best Buy Flex Benefits Plan for Small Businesses
For companies that like the familiarity of a traditional benefits plan, but with more cost control and flexibility.
Plan Highlights
- Similar to a conventional style defined benefit plan, but with flexible options.
- Pooled coverage provides greater rate stability for the employer.
- Mandatory Extended Healthcare (including a drug card), travel Insurance, and hospital expenses.
- Optional Dental, Life Insurance, Accidental Death & Dismemberment, Critical Illness, and Long-Term Disability coverage.
- You can build a Hybrid Plan with McDougallFlex by adding a Healthcare Spending Account.
Coverage Amount
- Download Overview (PDF) for details.
Administration Fee
- Pooled benefits premiums inclusive of fees.
- Healthcare Spending Account fees are 15% of contributions.
- No setup fees, annual fees, per claim fees, or fees for booklets.
What’s Covered?
The Best Buy Flex benefits plan for small businesses includes core mandatory coverage of:
- Drugs
- Travel Insurance
- Semi-Private Hospital Room
Optional Catastrophic Coverage
- Life Insurance
- Accidental Death & Dismemberment
- Critical Illness
- Long-Term Disability
- Healthcare Spending Account (this can be used to cover all other healthcare-related expenses such as paramedical/registered therapist services)
- Basic Dental Coverage
Benefits Card?
Online/Smartphone App Claim Submission?
Pay Direct Drug Card?
Interested in a SmartFlex for Your Business?
Talk to your advisor, call us for a 10-minute chat, or submit a callback form.
Common Questions and Resources
What are the Advantages of Best Buy Flex?
Traditional group benefit plans are often “one size fits all,” but the Best Buy Flex Plan lets employers choose which benefits to offer, creating a more personalized and meaningful package for their team. Employees then get the flexibility to select the coverage that fits their needs, all within a more tax-effective plan. This approach gives small businesses an affordable way to offer real choice without taking on unpredictable costs. The result is a benefits plan that helps control expenses, supports employee wellbeing, and strengthens retention and recruitment.
Helpful Tools
Most Traditional Employee
Benefits Plans Look the Same
Consider the following when choosing a new plan.
Cost
Budgets are always on the minds of small business owners – and we can’t blame them! At Best Buy Flex, we provide the most value and maximize cost efficiency with customized plans that cater to the needs of your employees.
Service
Delivering more value means more than offering comprehensive employee benefits. It means creating a partnership with your provider that’s based on dedicated representative customer service. It means flexibility in the solutions we offer and responding to your inquiries immediately.
Plan Design
We think outside of the traditional benefits box. Our clients (and their employees) enjoy custom benefits plans that have been specifically designed to cater to business and employee needs and goals.
Support
At Best Buy Flex, we prioritize unparalleled support for our clients. Think of us as your benefits department; from the initial setup to ongoing management, we ensure your benefits plan runs smoothly.
We Can Match Your Existing Plan
Keep the benefits blueprint you trust while enhancing it to make it exactly what you need it to be.
Our team can quickly adjust and change your existing plan to work perfectly for you.
Best Buy Flex Creates Custom Benefits Plans to Meet Your Company’s Needs
You pay for the insurance you want.
Administrative costs are fixed and transparent.
You only pay for the claims you have.
Empowering Businesses Across These Great Cities
Toronto
Hamilton
London
Vaughan
Oakville
Ottawa
Markham
Oakville
Windsor
Kingston
Niagara
Mississauga
Peterborough
Have an inquiry about our plans?
Navigating benefits can be complex; lean on us for clear, concise answers to all your plan-related questions.
Call us
GIllian Van Kempen: (905) 683-3110
Email us
Working Hours
Monday – Friday:
8:30am – 5:00pm
Inquiry about our simple benefits plans for small businesses
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