Helping Canadian and Some Foreign Companies Cover Their American Employees
A growing number of Canadian companies now have employees working south of the border, whether that’s a sales team covering the US market or a full US subsidiary that’s grown alongside the parent business. The challenge that comes up again and again is how to provide those US-based employees with benefits that are actually compliant and competitive in the American market, rather than trying to stretch a Canadian group plan across the border where it simply wasn’t built to go.
This is especially true if your company has a small number of employees located in the USA and even more so if they are scattered in different states.
TBS Aetna Global Plan
This is where we can help. TFG Global can connect Canadian employers with the TBS plan, a US group benefits solution underwritten by Aetna and administered by a regulated US brokerage partner that we can refer your company to. The TBS plan offers six plan options covering medical, pharmacy and wellness, with dental available as an add-on, so there’s a fit for almost any company size and budget. Because it’s underwritten and administered in the US, employees get access to an extensive PPO network and the kind of day-to-day claims support that only a US-based infrastructure can really deliver, and employers get a plan structured to meet US regulatory and tax requirements from the outset.
A More Complete Option for Coverage in the USA
We also have access to a plan from Cigna International that can offer the same coverage and service noted above, but with the option to add life, AD&D, and long-term disability coverage. This plan can often be set up if you have only two American employees in the USA, as long as you have more than 35 employees globally. The plan is totally compliant in the USA, and you can also add your expats who are in the USA or even in Canada. The coverage and service are excellent and are backed up by our advocacy, support and personal service.
Companies located outside of Canada can potentially source this Cigna plan if it has a subsidiary office in Canada. We can also look at setting up a subsidiary in Canada if required, but still manage the plan from abroad.
- Expatriate Insurance
- Group Expatriate Employee Benefits
- Special Risks Coverage
- Personal Accident Coverage
- Global Travel Insurance
- International Life Insurance
- Insurance Consulting Services
- International Health Insurance
- Expatriate Disability Insurance
- Kidnap & Ransom Insurance
- Insurance for Foreign Companies with Employees in USA
Availability
The plans provided by TBS or Cigna may or may not be available to your firm. Coverage and prices are subject to underwriting by the insurers, who reserve the right not to quote or provide coverage. The plans are only potentially available to foreign-based companies located outside the USA with employees based in the USA. These policies are not available to domestic companies located in the United States.
What about US Employers with Canadian Employees?
TFG Global can also source domestic group insurance and pension plans for American and other foreign firms with employees based in Canada. This can include health, dental, evacuation, life, disability and other cover. Learn more.
