Health Care Providers

What Health Care Providers does

Health Care Providers Group Insurance Plan (HCP) is a Canadian voluntary group benefits administrator founded in 1997 in Whitby, Ontario, that designs and distributes health, dental, life, long-term disability, and accidental death and dismemberment coverage specifically for part-time, casual, temporary, contract, and retired hospital employees — a segment mainstream group insurers do not efficiently serve. The product portfolio is structured as three packages (Signature, Supreme, Standard) tiered by hours worked and existing coverage status, with five underlying health coverage levels (Essential, Essential Plus, Complete, Complete Plus, Optimum) and two optional dental plans. Distribution is built around a hospital HR endorsement network that has expanded from a single founding site (Oshawa General Hospital, now Lakeridge Health Oshawa) to over 145 hospital sites across Canada, supported by a website, toll-free phone sales, in-person hospital information sessions, webinars, and a member referral program.

The business model is subscription recurring: members enroll voluntarily and pay monthly insurance premiums collected via pre-authorized automatic debit, with a deposit and first month's premium due at enrollment. HCP does not retain core insurance risk — life, LTD, and AD&D coverages are underwritten by The Co-operators, health claims are administered by GreenShield Canada through the GreenShield+ digital platform, and emergency travel assistance is delivered by CanAssistance. Complementary member services include the Perkopolis discount platform and a $100-per-referral rewards program powered by GrowSurf. Revenue is not publicly disclosed; the company remains privately held with 11-50 employees, no outside funding rounds, no parent company, and no disclosed M&A or IPO activity.

Name

Health Care Providers

Legal name

Health Care Providers Group Insurance Plan

Website

https://healthcareproviders.ca

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

11–50 employees

Short description

Health Care Providers Group Insurance Plan offers voluntary group health, dental, life, and disability coverage for part-time, casual, temporary, contract, and retired Canadian hospital employees, distributed through an endorsement network of 145+ hospital sites since 1997.

Ownership category

akta.pro rank

Product category

Group Health Insurance

NAICS

Direct Health and Medical Insurance Carriers (524114), Direct Life, Health, and Medical Insurance Carriers (52411), Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292)

SIC

Accident & Health Insurance (6321), Life Insurance (6311), Hospital & Medical Service Plans (6324)

akta.pro primary industry

Voluntary/Worksite Critical Illness & Hospital Indemnity (Employee-Paid) (FSAIAKAF)

akta.pro secondary industries

Large Group Health Insurance (Mid-Market & National Accounts) (FSAIAFAE), Group AD&D (Standalone or Bundled with Life) (FSAIADAG)

Keywords

• Group health insurance
• Dental insurance plans
• Hospital employee benefits
• Voluntary benefits program
• Supplemental health coverage

Headquarters

HQ city

Whitby

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Insurance Premiums: HCP generates revenue through recurring monthly insurance premiums paid by enrolled part-time, casual, temporary, contract, and retired hospital employees. Premiums are collected via pre-authorized automatic debit from the employee's bank account on their last pay day each month. A deposit and first month premium (both equal to one monthly premium) are required at enrollment.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels7 records

Core offering

HCP sells voluntary group health, dental, life, long-term disability (LTD), and accidental death & dismemberment (AD&D) insurance packaged into three tiers — Signature, Supreme, and Standard — tailored to part-time, casual, temporary, contract, and retired Canadian hospital employees. Plans are guaranteed-issue at the Essential and Essential Plus tiers, with enhanced Complete and Complete Plus tiers offered during a 60-day open enrollment window at endorsing hospitals.

Product overview

Health Care Providers Group Insurance Plan (HCP) is a group benefits insurance program structured as a multi-package product portfolio. The core offering consists of three main benefit packages — Signature, Supreme, and Standard — designed for part-time, casual, temporary, contract, and retired hospital employees. These packages are tiered by hours worked and employment status: Signature covers those with existing spousal coverage; Supreme provides comprehensive health, dental, life, LTD, and AD&D for those without other group coverage; and Standard offers health and dental for employees of any age working fewer than 18 hours per week or retirees. Beneath the packages, HCP operates multiple health plan tiers (Essential, Essential Plus, Complete, Complete Plus, Optimum) that determine coverage robustness and underwriting requirements. The portfolio is administered through a digital platform with online enrollment forms, the GreenShield+ app for claims and coverage management, and supplemented by Perkopolis discounts and a referral rewards program.

Differentiator

Problem solved

Functional benefit

Brands

• Signature Package: Package for employees under 65 in permanent positions working more than 18 hours per week who have health and dental coverage through another group plan. Includes Life Insurance ($10,000), LTD ($1,000/month), and ADD&D ($25,000).
• Supreme Package
• Standard Package
• GreenShield+ App

Products and services

• Signature Package Group benefits package for hospital employees under 65 in a permanent position working more than 18 hours per week who already have health and dental coverage through another group plan. Includes Employee Life Insurance ($10,000), Long Term Disability ($1,000 per month), and Accidental Death, Disease & Dismemberment ($25,000).
• Supreme Package Comprehensive group health and dental plan for hospital employees under 65 working more than 18 hours per week who are not covered by another group plan. Includes Life Insurance ($10,000), LTD ($1,000 per month), AD&D ($25,000), Extended Health Coverage across five health coverage levels, and two optional dental plans.
• Standard Package Health and dental coverage for hospital employees of any age working less than 18 hours per week, including permanent part-time, temporary, contract employees, and retirees. Offers five levels of health coverage and two optional dental plans, with emergency travel assistance.
• Optimum Health Plan Enhanced underwritten health plan available to any plan member who submits a Statement of Health form (Form 2) and undergoes medical evaluation, providing the highest level of health coverage within HCP's tier structure.

Quantifiable outcome

• Over 90 hospital systems in Ontario and growing coast-to-coast
• +2 more outcomes

Named customers10 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core, support and minor.

• GreenShield CanadacoreTechnology or IntegrationGreenShield Canada processes all health claims for HCP plan members. GreenShield+ is a digital platform provided to members to check coverage eligibility, submit claims, view claims history, find healthcare providers, and access the GreenShield Pharmacy service (available to Standard & Supreme plan members). HCP members can contact GreenShield directly for claims inquiries.
• The Co-operatorscoreOthersThe Co-operators is an insurance company that underwrites certain HCP plan coverages, including Life, Long-Term Disability, and Accidental Death & Dismemberment insurance for eligible enrollees. Claims and coverage inquiries for Co-operators-underwritten benefits are handled through the HCP office.
• CanAssistancesupportTechnology or IntegrationCanAssistance provides emergency travel assistance for GreenShield members, included in all HCP health plans. Services include medical emergency support, pre-travel advice and government advisories, assistance with lost passports and documents, and baggage loss/delay support.
• PerkopolisminorGTM or Marketing PartnerPerkopolis is a members-only discount platform provided complimentary to all HCP plan members. Offers exclusive savings on travel, entertainment, shopping, health & fitness, and family activities from hundreds of well-known brands.
• HMA (Healthcare Management Association)minorOthersHMA logo appears on the HCP website among partner logos, suggesting a relationship with the Healthcare Management Association.

Scale indicators3 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• OTIP (Ontario Teachers Insurance Plan): Ontario-based member organization providing group home, auto, and health benefits to the education sector. Closely comparable niche-worksite model — voluntary enrollment accessed through an endorsing employer body — to HCP's hospital endorsement architecture.
• GreenShield Canada: Canadian not-for-profit health and dental benefits specialist; processes HCP's health claims and provides the GreenShield+ member platform. The closest mission-driven comparable — focused on accessible health benefits rather than full-line commercial insurance.

Broad incumbents

• Sun Life Financial: One of Canada's largest group benefits carriers, offering employer-sponsored health, dental, life, LTD, and AD&D coverage at scale. Directly overlaps HCP's product set but serves large employer groups broadly rather than a voluntary part-time/casual segment.
• Canada Life: Large Canadian group benefits insurer (now part of the Great-West Lifeco group) offering health, dental, life, LTD, and AD&D to employer groups. Operates the same general product categories as HCP, including some tailored offerings for smaller and part-time workforces.
• Manulife: Major Canadian life and health insurer with a sizable group benefits business across health, dental, life, and disability. Comparable product portfolio to HCP but anchored to large employer groups and distributed primarily through brokers and group plan sponsors.
• Blue Cross Canada: Federation of regional, mission-driven health benefits providers (e.g., Pacific Blue Cross, Saskatchewan Blue Cross, Atlantic Blue Cross) offering group and individual health and dental plans. Comparable in mission and product breadth to HCP, though typically less specialized on part-time/casual worksite enrollment.
• Desjardins Insurance: Quebec-anchored insurance carrier offering group health, dental, life, and disability products across Canada. Comparable product suite to HCP with a regional stronghold in Quebec and growing national presence.
• iA Financial Group (Industrial Alliance): Canadian insurance and wealth provider with a meaningful group benefits business (health, dental, life, disability). Competes in the same group benefits categories as HCP across multiple provinces, distributed primarily through advisors and plan sponsors.

Regional players

• Pacific Blue Cross: British Columbia-based not-for-profit health benefits provider serving individuals and employer groups across the West Coast. Mission and product mix (health, dental, travel, life) closely resemble HCP, though BC-focused rather than coast-to-coast.

Emerging players

• Empire Life: Canadian life and health insurer with a growing small-group and individual health and dental benefits portfolio. Comparable product scope to HCP (life, health, dental, disability) but distributed predominantly through advisors rather than worksite endorsement.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/HCPcanada
• Facebookfacebook.com/HCPGroupInsurancePlan

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Health Care Providers