Canada's unsung heroes deserve access to fair & affordable health benefits.
Fed up with current status quo of how insurance companies raked millions in undeserved profit, our founder Mark Faiz saw an opportunity to disrupt the health benefits industry.
In 2000, he sought out to create a health benefits company that would be transparent, fair & ethical. Treating members as owners and giving back their unused premiums proved to resonate with small business owners across Canada.
A message from the CEO
The millions we give back represents what insurance companies normally keep for profit. We don't believe this is fair. There's a win-win when you focus on transparency, community and not just your bottom line.
Yafa Sakkejha, CEO
When small businesses buy health benefits, they go at it alone with little leverage. We negotiate on your behalf with the buying power of hundreds of businesses just like yours.
Member Owners
Canadians covered
Premiums collected to date
Due to our collective bargaining power, we are able to secure the lowest premiums and rates from the big insurers. We are not brokers, we are a buying group.
Beneplan Inc, the third party administrator, manages the administrative operations on behalf of members
At the end of every fiscal year, all profits are distributed appropriately to members with surpluses. Members who incurr a loss are forgiven and covered by the co-operative.
Our members are composed of small-medium sized businesses from all types of industries. At our annual meeting, members vote on key decisions affecting the co-operative.
Each member is entitled to 1 vote regardless of their size.
Due to our collective bargaining power, we are able to secure the lowest premiums and rates from the big insurers. We are not brokers, we are a buying group.
Beneplan Inc, the third party administrator, manages the administrative operations on behalf of members.
At the end of every fiscal year, all profits are distributed appropriately to members with surpluses. Members who incurr a loss are forgiven and covered by the co-operative.
Our members are composed of small-medium sized businesses from all types of industries. At our annual meeting, members vote on key decisions affecting the co-operative.
Each member is entitled to 1 vote regardless
of their size.
Transparency, honesty and ethics are the 3 pillars that define our co-operative. An independent auditor audits our detailed financials that break down commission, fees and profit disbursement. See more in our annual reports below.
We have one of the lowest administrative fees for small businesses in Canada.
FREQUENTLY ASKED
A co-operative is a legally incorporated organization that is owned by its members, who use the co-operative's services or purchase their products. Members determine how the co-operative operates, elect the Board of Directors, and allocate the profits amongst its member-owners.
Historically, co-operatives were formed in communities amoungst local artisans and workers who shared common goals and benefited from banding together to share profits and cover losses. There are many examples of co-operatives such as credit unions, retailers, grocery stores, farms and energy companies.
There is no cost to join and no membership fee.
The co-operative is protected by Stop Loss and has also set up significant reserves over the years that could be used for such an unlikely event. Due to its large size, it is virtually impossible for the entire co-operative to be in an overall deficit. To date, we have never been in an deficit.
We are a diverse and talented group of professionals devoted in delivering the best possible health benefits experience. As a small and nimble team, we encourage people to share ideals, challenge the norm and of course, always have fun.
BlackNorth
Anti-Racism Pledge
Female workforce
languages spoken
opportunity employer
CEO
Founder
President
We are always looking to welcome talented individuals to our family. Turn your passion into something great.
We are always looking to welcome talented individuals to our family. Turn your passion into something great.
Available Opportunities
1-800-387-1670
service@beneplan.ca
Mon – Fri: 9:00 AM – 5:00 PM
150 Ferrand Drive Suite 500
Toronto, Ontario
M3C 3E5 Canada
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