How it works?

Solo HCP is a customizable insurance program specifically designed for home childcare providers. It offers these select individuals the opportunity to obtain a comprehensive benefits package that is comparable to group plans offered by large companies. Solo HCP provides various coverage options including life, disability, accident, life and accident protection for children, hospital care, medical/paramedical expenses, dental care and business expense insurance.

Product Description

Solo HCP enables home childcare providers to acquire coverage from among the following, based on their specific needs and budget.

Life insurance

• Minimum $20,000 of personal coverage
• Optional spousal coverage
   

and / or

Disability insurance
Income insurance that pays a monthly benefit so that you can continue to meet your financial obligations

• minimum $400/month
   

• Semi-private hospital room
• Services of a chiropractor, acupuncturist, massage therapist, etc.
• Nursing and ambulance services
• Use of therapeutic equipment
• Drugs not reimbursed by the Quebec Drug Insurance Plan
• Etc.
   

Four (4) types of plans are available: Individual, Couple, Single-parent or Family.

Dental insurance

• Enrolment in the Hospital, Medical and Paramedical Insurance plan is a pre-requisite.
• Four (4) types of plans are available: Individual, Couple, Single-parent and Family.
   

Business expense insurance
Insurance that covers your fixed eligible expenses when you are unable to work 
(minimum benefit of $200/month).

Eiligibility criteria

Insured must be:
 

• Home childcare provider
• Between 18 and 64 years of age (Age Last)
• Covered by the Quebec Health Insurance Plan and the Quebec Drug Insurance Plan
   

Basic requirements

Insured must:
 

• Qualify for the $20,000 basic Life Insurance benefit available under Solo HCP
• Qualify for the Disability Insurance with a minimum of $400/month
  and / or
• Pay a minimum premium of $15 per month for their coverage.
   

Standard to establish Disability and Business Expense insurance amounts at time of contract issue

In order to be competitive and to address new childcare providers who have been in business for less than one full tax year, we have introduced new standards to establish the amounts of Disability and Business Expense insurance applicable on SOLO HCP at time of contract issue.

Since January 2008, for underwriting purposes, the amounts of Disability and Business Expense insurance are based on the number of children in daycare, as follows:

Number of accredited children	Disability insurance1 Maximum amount	Business Expenses insurance2 Maximum amount 3	Maximum total combined amount
1	n/a	n/a	n/a
2	$500	$300	$800
3	$800	$300	$1,100
4	$900	$600	$1,500
5	$1,100	$700	$1,800
6	$1,300	$800	$2,100
7	$1,500	$1,000	$2,500
8 and 9	$1,700	$1,100	$2,800

Note 1: The maximum Disability insurance available is limited to the amounts indicated in the table above. If the insured does not take out Business Expense insurance, Disability coverage CANNOT be increased.

Note 2: The maximum Business Expense insurance available can be increased in the event that the insured has taken out less than the maximum amount of Disability insurance. The difference can be taken out in Business Expenses insurance without, however, surpassing the total combined maximum.

Note 3: The amount of business expense insurance is based on the FNA; however, it is subject to the maximums defined in the notes, above.

This new standard only applies to in-home daycare providers or owners who:
 

• Hold a permit for a CPE (early childhood centre)
• Have been in business for less than one complete tax year
   

Therefore, it does not apply to private daycare centres that are not associated with a CPE.

To benefit from this norm, the following info must be provided with the application:
 

• Statement of number of children under supervision and the number of person who take care of children;
• Company's creation date;
• Financial needs analysis – Business Expense insurance (form #06322F – available only in French);
• Company’s owner name
   

At time of claim, the insurance amount chosen at time of disability insurance contract issue is payable without financial evidence, as long as a full tax year is not over. If a full tax year is completed, standard rules apply and financial evidence is required.

However, the insurance amount chosen at time of business expense contract issue is payable only upon presentation of financial evidence. If a full tax year is not over and no income tax return is available, the insurer may ask for financial evidence.

Please note: Since an income tax return will be available when it comes time to renew the policy contract, you will have to go over your client’s coverage to ensure that it reflects the actual income earned.

This procedure is subject to future revision.

Assistance service

Legal Assistance
A direct phone service provided by a lawyer who helps you find answers to the legal concerns you may have.