Archives: omnipraticiens

You already support causes that truly need it and wish you could do more? Or maybe you have a limited budget to help as much as you would like to? By using your life insurance to give back, you can continue to make a difference according to your deepest values—today and after.

Your life insurance: A powerful and generous tool

Don’t wait to do good! You can make a charitable gift within your means, whether by using your current life insurance policy, transferring a policy you no longer need, or even purchasing a new one. It’s easy: in all three cases, you just need to name the charity of your choice as the beneficiary.

There are numerous tax and other benefits associated with donating life insurance. By naming a registered charity as your beneficiary:

• You receive an immediate tax credit with every monthly or annual premium.
• You increase the value of your legacy compared to many other investment types.
• You reduce estate settlement costs and potential tax burdens.
• You protect your gift from creditors and challenges.
• You ensure your wishes are respected by your estate.

And any charity registered with the Canada Revenue Agency is eligible! You can choose an organization that reflects your priorities and interests, for example:

• Health and medical research, including the FMSQ Foundation
• Educational institutions, such as your alma mater
• Environmental protection
• Amateur sports associations
• Hunger and poverty relief organizations
• Arts and culture initiatives, and more

Even though your gift will be received later, your generosity will be recognized today!

You wish to find out more? Ask us for advice

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More than ever, a visit to the dentist can be expensive, even if you just need a routine check-up with basic cleaning and a fluoride treatment. Include follow-up X-rays, emergency repairs or orthodontic care for the family …. and the total cost can add up quickly!

Regular dental check-ups are essential to prevent any problem from developing into more expensive and complex treatments. You know better than anyone: an ounce of prevention is worth a pound of cure. That’s why planning for adequate dental care insurance can become a lifesaver.

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1 800 361-5303
Our dental coverage, offered under Option B of our Health insurance plan, provides dental reimbursement of up to $2,000 per insured person per year for the following services:

• Basic dental care and prevention: 80%
• Minor restorations: 75%
• Major restorations: 50%

No one is immune to serious illnesses, and as a general practitioner you know this better than anyone. But did you know that special coverage exists to prepare you for this? Our critical illness insurance provides for the payment of a lump sum benefit which, in the event of a serious medical setback, will enable you to meet your needs and those of your loved ones, including all the financial needs related to your recovery. Live worry-free during your recovery!

The best part? By including a premium refund clause, this coverage becomes a financial asset.

You wish to find out more? Ask us for advice

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Do you want to be fully protected? Here are the options available to you:

Basic coverage

A lump sum is paid after a diagnosis of one of the illnesses covered by the insurance plan. The insured must survive a certain number of days according to the diagnosis to be eligible.

Illnesses covered

The illnesses provided for in the insurance contracts can vary between 3 and 30 illnesses, depending on the insurer. That said, three of them — strokes, heart attacks and cancer — account for more than 80% of claims.

Premium refund

Several options are available in the insurance contracts we offer. These can be a refund in the event of death or contract cancellation. Please note that a refund of premium is generally possible if the policyholder has not made any claims.

By taking out life insurance, you do more than guarantee your peace of mind. You ensure their financial support, their safety and their well-being.

What is life insurance for?

Life insurance can help your loved ones deal with a host of immediate and future issues that change from family to family. It could be used to:

• Pay off your debts, such as credit cards, your mortgage, etc.
• Pay your funeral expenses
• Ensure ongoing income for your surviving spouse to manage day-to-day expenses like groceries, car expenses, etc.
• Help pay for your children’s education, and more.

Sogemec Assurances offers several types of life insurance, whether individual insurance or through your group insurance. We also offer accident insurance which covers other life challenges, such as the loss of use of a limb, and its impact on your on your professional future.

You wish to find out more? Ask us for advice

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Insuring your good health

Since 1997, the Régime général d’assurance médicaments considers physicians under the age of 65, who are members in good standing of the FMOQ, as ineligible for the public prescription drug insurance plan. You must subscribe to the prescription drug insurance plan negotiated by the FMOQ for you, your spouse and your dependents if you are not already covered by:

• Your employer
• Your spouse’s employer’s plan
• The plan of another association of which you are a member

The FMOQ has set up a plan offering a choice of 3 options. Option R is available without a medical questionnaire and offers you the minimum coverage required to comply with your obligation to have drug insurance as required by the Act respecting prescription drug insurance.

Options A and B are available subject to a medical questionnaire and offer superior coverage to the public drug insurance plan, as well as including medical-hospital travel insurance with foreign assistance services and trip cancellation coverage.

Click here to view the premium and coverage summary
Premiums and coverage

Click here to consult the detailed brochure of the Drug, Health, Travel and Dental coverages
Detailed plan brochure

You wish to find out more? Ask us for advice

1 800 361-5303

You already insure your home, vehicles and other valuables, so why not protect your income? When a health problem prevents you from working and you lose your income overnight, it is important to be able to rely on disability insurance designed specifically to cover all your needs. Disability insurance provides you with a monthly indemnity that is tax-free if you personally pay for your insurance plan. This valuable payment replaces your income and pays for your expenses. Now that is peace of mind!

The right advisor for the right coverage

Did you know that you should review your insurance coverage at every major stage of your life, so that it continues to match your current and future life goals? For example, your insurance coverage could be enough to cover the mortgage on your first home, in the event of a disaster. But if you decide to have a child, or two, or three, will it be enough to support them, pay for their education, etc.? What if you lose your source of income due to illness or accident ? You should think about that.

Generally, all you have to do is make a claim to the insurer by presenting a declaration of invalidity signed by (who else!) your own attending physician. But beware…the definitions of disability vary from one contract to another, and from one insurer to another.

This is why it’s better to do business with an advisor who can guide you and recommend the best product for you.

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Other options may also be added depending on the product and the insurer. Because all doctors have different personal and professional realities, choosing the right coverage with the right options is essential.

Sogemec Assurances’ advisors are specialized to deal with health professionals like you and will be able to help you make your choice. They have access to every option on the market, whether it’s your exclusive association group plan or various individual insurance products. Moreover, they are not connected to any financial institution. So they work for you, with objectivity and integrity. 

Cyber threats are a risk you can’t afford to take.

Medical clinics are prime targets for cybercriminals. Phishing e-mails, viruses, malware — the risks are endless. One weak spot can put your clients’ confidentiality and your reputation at risk. To maximize your protection, add CyberSuite Plus to your business property and liability insurance.

What is cyberrisk insurance?

Cyberrisk insurance is protection designed to help businesses deal with the consequences of a cyber security incident such as a computer attack, cyber extortion, personal data breach or computer fraud.

Physicians handle highly sensitive information, yet many underestimate their vulnerability to cyber threats, mistakenly believing that only large companies are targeted. But there are cybersecurity solutions specially designed for professionals. These solutions offer real support and guidance in the event of an incident, particularly for major threats such as social engineering. 

Protection designed for professionals

CyberSuite Plus includes 11 key coverages to help you minimize the financial, legal and reputational impact of a cybersecurity incident.
It’s an all-in-one solution that enables you to deal effectively with digital threats, while simplifying your risk management.

You also have the flexibility to choose your coverage amounts, with options of up to $5 million, and your deductibles, which can vary between $1,000 and $10,000 depending on your practice’s specific needs and your risk tolerance.

Who’s covered?

• Your business
• Your staff, including management and trainees
• Any self-employed workers who work with you

You wish to find out more? Ask us for advice.

1 866 350-8282

When a cyberattack disrupts the daily operations of a medical clinic

Picture this:

You receive an email that looks like it’s from an appointment centre. In good faith, you click on an attachment. Within seconds, a virus is installed across your practice’s computer system. Access to patient files is blocked, data is corrupted, and the practice’s activities grind to a halt.

You have you cancel your appointments, your patients are worried, and your team is unable to carry on with their day-to-day tasks.

You feel the financial consequences, amounting to many thousands of dollars, almost immediately:

• Loss of income: 50 appointments cancelled in two days
• Recovery costs: A cybersecurity specialist to restore the systems
• Legal costs: Consultation to assess the risks to data confidentiality
• Reputational damage: Need to send out patient communications and to strengthen security measures

With CyberSuite Plus, your practice receives:

• Expert support
• System restoration
• Financial support to offset operating losses

See how CyberSuite Plus protects you

Property and liability insurance

To be eligible for CyberSuite Plus, you must have property and liability insurance with Sogemec. Coverage includes:

• Property damage to your equipment, assets and furniture
• Civil liability in the event of legal action or claims by third parties

For more information about our additional coverage or to get a personalized quote, call us at 1-866-350-8282.
 

Business expense or office overhead insurance is an important coverage that will help you pay your fixed costs according to the insured amount and the indemnity period you have chosen. From your employees’ salaries to your rent, electricity bills and more, avoid the negative impacts of an illness or injury that could prevent you from working for a few months. That way, you can take care of your recovery worry-free!

Did you know that business expense or office overhead insurance premiums are tax-deductible business expenses?

Choose this type of coverage to protect your future and your employees in every way:

• Employee salaries
• Rent
• Public services and utilities
• Professional membership fees
• Equipment depreciation
• And more!

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Are you a practice or clinic owner? Have you thought about protecting yourself in case of civil liability, fire or theft? Click here to learn more.

The hour of retirement will soon ring? It is recommended to prepare well for this brand-new stage of life. As a general rule, the following coverages must be considered and adjusted:

Disability:
Disability insurance is salary insurance. If you work less or stop working, it is normal to adjust your coverage. Have you achieved financial independence and are still working? Maybe you just don’t need that coverage anymore.

Overhead:
During retirement, it is important to quickly notify your advisor to stop this coverage.

Travel insurance:
If you are thinking of taking advantage of retirement to travel, good travel insurance will be necessary. Contact us to plan the transition and choose the product that will best meet your needs.

Life insurance:
With retirement, do your coverages still meet your needs? Is your beneficiary designation up to date? Retirement is a good time to review your life insurance coverage in general.

The purchase of an annuity
Do you want a portion of your retirement income to be guaranteed? The purchase of an annuity allows you to receive a fixed amount for a determined period of time or throughout your retirement. The amount of the annuity will be determined by the amount you can invest, the length of the payments and the interest rates offered at the time of purchase.

You wish to find out more? Ask us for advice.

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Sogemec Assurances advisors work in collaboration with the FMOQ Funds team. A subsidiary of the Fédération des médecins omnipraticiens du Québec (FMOQ), the FMOQ Funds companies’ mission is to contribute to the prosperity of general practitioners by offering them high-quality products and services at the best possible cost, for their personal and professional needs.

• Investment solutions
• Private management (discretionary)
• Financial planning
• Analysis for incorporation
• Clinic management support
• Medical billing

To find out more, feel free to ask your Sogemec consultant to put you in touch or get in touch directly by visiting their website.

Your accountant has probably already warned you: growing wealth means higher tax rates and excess capital. Business owners are usually looking for solutions to manage the assets they have accumulated there. The wealthier people are, the more they become accustomed to a higher standard of living and the more they have to lose. Life insurance is a guarantee that serves to protect the investor’s lifestyle, no matter what the future holds.

By professionals for professionals

Without a financial security advisor to talk about insurance on your financial planning team, you are missing out on proven investment and tax strategies! At Sogemec Assurances, take advantage of the services of professionals with all the essential expertise to help affluent investors protect their assets, as well as preserve and maximize the value of their heritage. That way, you will be able to make your own informed decisions.

 A tool to grow your capital

Term life insurance is a recognized tool for covering your short-term needs such as a mortgage, but what about your very long-term life insurance needs (known as estate)?

The amount of insurance you need to protect your wealth may be more than you think. That’s why it’s important to include a financial security advisor on your financial planning team, at the risk of missing out on highly profitable investment and tax strategies. It is just as essential to carry out an analysis of your needs and objectives to put in place the appropriate insurance solutions.

You wish to find out more? Ask us for advice.

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