A Tailored Employee Benefits Product Offering Flexibility And Control For Tech Startups

TORONTO, ON—Orchard Benefits announced today the launch of WellTech+, an innovative employee benefits insurance product for tech startups. It was developed through a collaboration with Medavie Blue Cross to address the evolving demands of the tech industry.

This is the first product launch between Orchard Benefits and Medavie Blue Cross, highlighting both companies’ commitment to innovation and collaboration in creating WellTech+.

WellTech+ is a proprietary new insurance product that provides customizable coverage designed to evolve alongside tech startups as they grow. It offers founders unique control over their burn rate while providing flexible coverage to their teams’ specific and personalized needs.

“At Orchard Benefits, we understand the deeply personal nature of a tech startup for its founders. The launch of WellTech+ underscores our dedication to offering flexibility, personalization, and control for employee benefits,” says Chris Gory, President of Orchard Benefits. This collaboration between Orchard Benefits and Medavie Blue Cross represents a testament to our shared commitment to empowering tech startups with the tools they need to manage their burn rate while ensuring the well-being of their teams.”

Adaptability in benefits plans is crucial for young companies striving for a strong ROI, and financial flexibility is vital to their success. In addition to flexible coverage, WellTech+ offers fractional HR support that bolts on as an extension of HR teams providing benefit orientations, Lunch & Learns, and assisting with all benefit-related HR items.

Choosing WellTech+ ensures access to top-tier partnerships, competitive perks for plan sponsors, exclusive multi-year locked-in rates, and significant cost savings. WellTech+ guarantees a 30% reduction in administrative fees compared to other advisors or carriers, providing startups with a cost-effective solution without compromising the quality of benefits. Companies must be classified as a technology, and the head office must be located in Ontario or Eastern Canada with five (5) or more employees to be eligible.

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Launched in 2000, Orchard Benefits specializes in helping startups and fast-growing tech companies get the right benefits coverage to meet their budgets and the modern needs of their employees.