BioBenefits Inc.

Established in 2017, BioBenefits is Canada’s first national employee benefits program designed for life sciences.

BioBenefits offers access to a pool of healthcare claims, helping employers spread their employee benefit costs and risk across similar company profiles. The pool has helped Canada’s growing life science sector realize more predictable and sustainable plan costs, without sacrificing plan coverage and flexibility. With almost 500 insured plan members, BioBenefits is quickly becoming the provider of choice for employee benefit plan design and management within the sector.

In 2023, BioBenefits launched Canada’s first Portable Insurance Plan (“PIP”) for independent Canadian workers (contractors). This fully portable insurance coverage mirrors traditional employee benefits but is paid for by contractors and requires no funding or administration from employers. The PIP offers three plan designs to choose from and is available with no underwriting, no waiting period, and no lifetime maximums. This innovative contractor-compensation platform is helping life science companies scale their workforce faster and with zero impact to the bottom-line.

BioBenefits also offers a suite of unique personal insurance planning solutions designed to help businesses and business owners minimize risk, save on taxes, guarantee cash flow, and increase wealth.