Benecaid Health Benefit Solutions, a Canadian provider of employee benefit solutions, has launched hsacomplete, a drug and catastrophic health insurance plan.

According to Benecaid, hsacomplete can be purchased through the Benecaid Health Spending Account, a tax-free solution for employers and self-employed to pay for healthcare services for themselves, their employees and their families.

The hsacomplete provides protection from unforeseen catastrophic loss due to accident or illness, and also drug coverage of up to $100,000 per family ($25,000 for an individual), accidental dental care, private duty nursing, semi-private hospital care and others.

Marla Schwartz, co-president of Benecaid Health Benefit Solutions, said: “The Benecaid hsacomplete solution is ideal for independent and small business owners who want to provide protection for their employees and families while maintaining flexibility and control over their health spending.”