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Benefits at a Glance (Flex Guide)

Welcome to Benefits at a Glance. Here, you can learn all about what coverage you have with your employee benefits and what your options are. When you enroll in your in your Flexible Benefits this is your chance to select the coverage you need most and make the most of your flex dollars by declining coverage you don’t need. Remember, excess flex dollars go to a personal or health spending account or your RRSP if it’s during Annual Enrollment - more funds for your everyday needs! 

For more information on the SLB Flex Benefits review the SLB Flex Guide 2024. You’ll be able to access all the relevant and necessary information for you to choose the plan that works best for you or you and your and your family.

If you just want a quick overview of your benefit options, feel free to check out SLB Flex at a Glance 2024.

Click on the sections below for more information.

You have three different extended health care options to choose from.

Extended Health Care Option 1 Option 2 Option 3
Reimbursement1
For all eligible expenses
60%
90%
100%
Prescription drugs
Generic substitution unless physical override		 All drugs legally requiring a prescription plus life-sustaining drugs All drugs legally requiring a prescription plus life-sustaining drugs All drugs legally requiring a prescription plus life-sustaining drugs
Deductible (per prescription) Dispensing fee Dispensing fee Dispensing fee
Annual out-of-pocket No coveragee No coveragee No coverage
Hospital Semi-Private Semi-Private Private
Paramedical services
Physical services2
  • Maximum per specialty
  • Annual combined maximum

$500
$1,000

$750
$1,500

$1,250
$2,500
Holistic services3
  • Maximum per specialty
  • Annual combined maximum
$500
$1,000
$750
$1,500
$1,250
$2,500
Psychological services4
  • Maximum per specialty
  • Annual combined maximum
none
$1,000
none
$1,500
none
$2,500
Vision care
(Every 24 months)
Eye exams		 No coverage

1 every 24 months		 $300

1 every 24 months		 $500

1 every 24 months
Hearing aids
(Every 5 years)		 $5,000 $5,000 $5,000
Foot orthotics 
(Every 36 months for adults and every 12 months for children)		 $600 $600 $600
Family building5
Fertility drugs 
(lifetime maximum)
No Coverage
$5,000
$10,000
Fertility coverage 
(lifetime maximum)		 No Coverage $10,000 $20,000
Gender affirmation6
Lifetime maximum
No Coverage
$10,000
$20,000

 

  1. Includes but is not limited to ambulance coverage, diabetic supplies, hearing aids, medical equipment. Refer to The SLB Extended Health Care Wellness Benefits Policy found on Benefits Central: Forms & Plan Documents https://slb-benefits.seb-admin.com/UsingYourBenefits/Forms-Plan-Documents for full details.
  2. Physical services include Physiotherapist, Athletic Therapists, Kinesiologist, Occupational Therapist, Massage Therapist, Chiropractor, Podiatrists or Chiropodists, Osteopaths.
  3. Holistic services include Naturopaths, Acupuncturists, Dieticians, Homeopaths, Speech Therapists, Audiologists.
  4. Psychological services include Mental Health Practitioners, Clinical Counsellor Clinical Therapists, Marriage & Family Therapists, Mental Health Counsellors, Psychiatrists, Psychoanalysts, Psychotherapists, Psychologists and Social Workers.
  5. Fertility coverage includes IVF, IUI, Pre-implantation genetic testing and cryopreservation including storage cost.
  6. Coverage includes basic surgical procedures not covered under provincial plan and surgical procedures to align feminine or masculine features to the transitioned gender, such as facial bone reduction or cheek augmentation.

Reimbursement rates and maximums: are dependent on the level of coverage chosen for that plan year. The extended health care plan will reimburse your eligible expenses at the percentages shown in the chart. If you cover dependents, the maximums are per covered person. Extended health care services and supplies are subject to Sun Life’s Reasonable and Customary charge limits.

Reasonable and customary charges:

  • Fees and prices normally charged in the regional area where the services or supplies are provided.
  • Charges for services and supplies that represent reasonable treatment, considering the duration of services and how frequently services and supplies are provided.
You have four different dental care options to choose from. If you choose dental Option 3, there is a two-year lock-in period. This means you are unable to change this coverage for two years.
Dental Care Option 1 Option 2 Option 3 Option 4
Deductible None None None No coverage
Basic dental care services
  • Recall examinations
  • Periodontics – scaling and root planning
60%
Every 6 months
16 units
90%
Every 6 months
16 units
100%
Every 6 months
16 units		  
Major dental care services
  • Dentures and implants
50%
Included
70%
Included
80%
Included		  
Orthodontia (all ages)
  • Dependant children under 18
  • Lifetime maximum
No coverage
50%
$2,500
50%
$3,500		  
Annual maximum
  • Basic and major restorative combined (per covered member)

$1,500
$2,500
$3,500		  
Dental Care Fee Guide* Current year Current year Current year plus 20% (for basic services only)  

* A dental care fee guide contains a summary of suggested charges for all dental services, set annually by provincial dental associations and used by Sun Life to determine the reasonable and customary charge for a service.

SLB Flex provides automatic basic employee life insurance as well as additional optional coverage for you and your family.

 
Coverage Basic Life Insurance Optional Life Insurance
  Coverage provided by SLB Coverage purchased through payroll deductions
Employee Two times your eligible compensation Up to $500,000 in coverage in multiples of $25,000
Your spouse/partner $10,000 Up to $500,000 in coverage in multiples of $25,000
Each of your dependant children $5,000 Up to $25,000 in coverage in multiples of $5,000
EOI Required No Yes

Accidental death and dismemberment (AD&D) insurance provides protection for you and your family in the event of accidental death or injury. SLB Flex provides automatic basic AD&D insurance for you, and you may choose to purchase additional optional coverage for yourself and your family.

 
Coverage Basic Accident Insurance Optional Accident Insurance
  Coverage provided by SLB Coverage purchased through payroll deductions
Employee Two times your eligible compensation Up to $500,000 in coverage in multiples of $25,000
Your spouse/partner N/A Up to $500,000 in coverage in multiples of $25,000
Each of your dependent children N/A Up to $25,000 in coverage in multiples of $5,000
EOI Required No No

Critical illness insurance provides you with a one-time, tax-free, lump-sum cash payment that you can use in any way if you or your covered dependent is diagnosed with a covered condition.

Coverage Optional Critical Illness Coverage
  Coverage purchased through payroll deductions
Employee Between $20,000 and $250,000 in multiples of $10,000
Your spouse Between $20,000 and $250,000 in multiples of $10,000
Each of your dependant children $5,000
EOI Required Yes
Short-term disability (STD) coverage provides you with income protection in the event of a short-term illness or injury; however, there are some differences in coverage, as noted in the table below. Your STD coverage is automatic and fully paid for under SLB Flex.
 
Employee Status Onset of STD to 26 weeks
(max. 6 months)		 27 weeks to 52 weeks
(max. 12 months)
Non-Field Direct Employees
(including all Cameron)		 100% of Base Salary 80% of Base Salary
SLB Field Direct Employees (Operators, Field Specialists, etc.) 130% of Base Salary 110% of Base Salary

Long-term disability (LTD) coverage* provides you with income protection should you experience a long-term illness or injury and are unable to work. Payments begin once you are approved for LTD benefits, after your STD benefits have ended.

 

Coverage Option 1 Option 2 Option 3
Formula (based on eligible compensation) 45% of first $5.5K, 32% of remainder 55% of first $4K, 42% of remainder 65% of first $2K, 53% of next $5K, 45% of remainder
Indexing (COLA) (up to 3%) No No Yes
Maximum benefit $15,000 per month
Benefits payable to Age 65, retirement, recovery, or death (earliest of)

*Your LTD option is locked in and an Evidence of Insurability (EOI) form is required for LTD increases during Annual Enrollment.

SLB provides all employees with additional accident coverage when travelling for business. Your coverage is equal to 4.5 times your eligible compensation to a maximum of $1 million.
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