Retain Your Employees or Independent Contractors — With Coverage That Fits Your Budget
At Citadel Financial Wealth Group (CFWG), we understand that offering robust employee benefits is essential for attracting and retaining top talent. Our Group Insurance Plans provide customizable, cost-effective solutions tailored to meet the diverse needs of Canadian businesses and their employees.
Group insurance is a policy that provides coverage to a group of members, typically employees of a company, under a single contract. This approach offers several advantages.
Cost Savings: Group plans often come at a lower cost per individual compared to individual policies.
Simplified Administration: Managing benefits is streamlined under a single plan.
Enhanced Employee Satisfaction: Offering comprehensive benefits can boost morale and productivity.
Group insurance plans can include a variety of coverages such as health, dental, life, and disability insurance, providing a safety net for employees and their families. (Canada)
Covers medical expenses not included in provincial healthcare, such as prescription drugs and specialist visits.
Provides coverage for routine check-ups, cleanings, and major dental procedures.
Offers financial protection to beneficiaries in the event of an employee's death.
Provides income replacement if an employee is unable to work due to illness or injury.
Offers support services for mental health, financial counseling, and more.
CFWG’s Group Insurance Plans can be tailored to include a range of coverages:
Health Insurance: Covers medical expenses not included in provincial healthcare, such as prescription drugs and specialist visits.
Dental Insurance: Provides coverage for routine check-ups, cleanings, and major dental procedures.
Life Insurance: Offers financial protection to beneficiaries in the event of an employee’s death.
Disability Insurance: Provides income replacement if an employee is unable to work due to illness or injury.
Critical Illness Insurance: Pays a lump sum upon diagnosis of a covered serious illness.
Employee Assistance Programs (EAPs): Offers support services for mental health, financial counseling, and more.
These coverages can be customized to fit the specific needs of your organization and workforce.
CFWG offers various types of group insurance plans to suit different organizational structures:
Traditional plans where the employer provides and often contributes to the cost of coverage.
Employees can choose to participate and may pay the full premium, offering flexibility and additional options.
Tailored for members of professional groups or associations, providing specialized coverage options.
Our SME Group Health Plan is a modern alternative to traditional employee benefits. It blends the core advantages of a traditional group plan with the flexibility and lifetime portability typically only seen in personal health insurance policies. Designed for small, medium, and large businesses, this plan lets business owners choose coverage levels without requiring detailed medical questionnaires or full health disclosures.
With this flexible solution, employers can customize a group plan for their team or even allow employees to build their own personalized benefit packages.
Unlike most traditional plans that lock everyone into the same structure, this approach provides the freedom to align benefits with individual needs — a rare offering in today’s group insurance market.
Each plan type can be customized to align with your organization’s goals and employee needs.
Coverage is subject to underwriting approval and varies based on the specific policy you select. The actual conditions covered, eligibility, and benefits will depend on the insurer’s final review and approval of your application. Terms, conditions, and exclusions may apply.
At Citadel Financial Wealth Group, we offer a smarter approach to employee coverage — a customizable Group Health Plan that bridges the best of both worlds: group coverage stability and individual plan flexibility.
This plan is ideal for small, medium, and even large businesses looking for a more personalized, cost-effective way to offer meaningful health benefits — without the red tape or rigid coverage tiers of traditional employee benefit plans.
Unlike conventional group plans that offer one-size-fits-all packages, our SME solution lets you:
Choose specific coverage levels for different employee groups or individuals
Avoid complex medical underwriting — no full health statement required
Scale your plan up or down depending on your business size and needs
Lock in lifetime portable health coverage (for some components) — a rare benefit in traditional plans
This is an ideal fit for:
✅ Family-run businesses
✅ Companies with contract or part-time staff
✅ Self-employed owners looking to extend benefits to themselves and their team
✅ Growing teams who want to avoid being locked into rigid corporate plan structures
1. Employer-Designed Plans
As the business owner or HR lead, you can design the group plan to fit your team’s core needs — from basic prescription and dental to extended health and wellness options.
2. Employee-Directed Plans
Prefer to give your team the freedom to choose? This plan also supports employee-driven customization. Team members can tailor their own health benefits within your company’s approved plan framework — empowering them with real choice.
✔️ No full health statement required
Most employees are eligible without needing to disclose full medical histories.
✔️ Flexible contribution structure
Choose how much the company contributes vs. the employee.
✔️ Lifetime access to certain benefits
Even if employees leave, some benefits can continue individually.
✔️ Cost control for employers
Customize premiums based on your business budget and plan design.
💬 “This kind of hybrid flexibility is almost unheard of in the traditional group benefits world. It puts control back in the hands of business owners and their employees.”
Whether you’re running a small local business or scaling a national team, modern workers value choice, portability, and health-first perks. This flexible group health option is designed to grow with your business and adapt to your people.
Looking for a flexible, tax-efficient alternative to traditional health benefits? A Health Spending Account (HSA) might be the perfect fit for your business.
HSAs allow Canadian business owners to reimburse themselves and their employees for a wide range of eligible medical and dental expenses — all in a CRA-approved, tax-free format.
An HSA is a tax-free employee benefit that lets employers set aside a fixed dollar amount per employee per year. Employees can use these funds to pay for eligible health expenses not covered by government or traditional benefit plans.
It’s like a customizable health wallet — fully controlled by the business.
💡 HSAs are especially popular among incorporated professionals, self-employed owners, and small businesses looking to lower taxes and offer meaningful health perks without complex group plans.
100% Tax-Free Reimbursements
Employees receive tax-free payouts for eligible health expenses. Employers deduct all contributions as a business expense.
Custom Spending Limits
You decide how much to contribute per employee annually (e.g., $500, $1,500, $5,000+).
Covers a Wide Range of Expenses
Includes dental, vision, prescription drugs, physiotherapy, massage therapy, fertility treatments, orthodontics, mental health therapy, and more.
No Monthly Premiums
You only pay when claims are made — offering predictable cost control.
Great for Small Teams or Executive-Only Coverage
HSAs can be set up for specific employees (e.g., owners or executives) without the need for full group coverage.
✔️ Incorporated professionals & consultants
✔️ Business owners without traditional group plans
✔️ Employers looking to supplement group benefits
✔️ Companies offering tax-efficient executive compensation
Health Spending Accounts can be used on their own or alongside a group insurance plan to cover gaps like orthodontics or laser eye surgery.
Example: Offer a standard group benefits plan, and include a $1,000 HSA for extras not typically covered.
👉 Talk to a CFWG Advisor today to explore tax-free health benefits for your business.
Discuss your organization's needs with a CFWG advisor.
Enroll employees and set up administrative processes.
Customize coverage options to fit your workforce.
Receive continuous assistance and plan management from CFWG.
Yes, group insurance plans can be tailored to fit the budget of small businesses, offering scalable options.
Generally, employer-paid premiums are tax-deductible as a business expense.
Employees may have the option to decline coverage, depending on the plan's structure and provincial regulations.
Yes we do, the SME plan is a great option for these type of business set ups. Contact us today to learn more.
Check your price: no commitment, just quotes!
Apply online when you’re ready.
Licensed Canadian advisors are available by phone Monday to Sunday.
Give us a call at: +1 (877) 273-5614
Our advisors care, so there’s no pressure or upselling.
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© 2025, Citadel Financial Wealth Group (CFWG). All rights reserved. Citadel Financial Wealth Group is a licensed insurance brokerage in Canada, proudly serving individuals, families, and businesses across the country.
CFWG offers life, health, and group insurance products through partnerships with many of Canada’s leading insurers. Insurance policies are subject to underwriting approval and may include limitations, exclusions, or waiting periods. Always refer to your official policy documents for complete terms and coverage details. In the event of any conflict, your policy contract will take precedence over information presented on this website or in any CFWG print or digital content.
CFWG is licensed and operates in the following provinces and territories:
Ontario (FSRA #36494M)
Alberta (License #5-11164367-2020 & 6-11164367-2020)
British Columbia (License #2022-0036740-R01)
Saskatchewan (License #09178)
Newfoundland and Labrador (License #23-78-CI090-1)
New Brunswick (License #210031147)
Nova Scotia,(License #2333071070000)
All pricing comparisons displayed on this website are based on current publicly available rates and may vary based on your health, age, coverage amount, and insurer. Timeframes for approval and policy issuance may vary depending on your application and underwriting requirements. In some cases, additional documents or medical examinations may be necessary.
Head Office:
150 King Street West, 2nd Floor, Suite 335
Toronto, Ontario M5H 1J9, Canada
