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Green Shield Canada (GSC)

Green Shield Canada

76Score
3.8

Customer satisfaction · 4.0M members

Benefits Canada: Innovation Award(2025)

Green Shield Canada is a not-for-profit benefits carrier that pioneered Canada's first pre-paid drug plan. Federally regulated by OSFI, it offers drug, dental, extended health, vision, hospital, and travel coverage. With offices across Canada (Vancouver, Calgary, Toronto, Montreal), it serves approximately 4 million plan members.

Overall Score

76/100

Founded

1957

Headquarters

Windsor, Ontario

Type

private
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Key Metrics

Structure

Not-for-profit

Regulation

OSFI (federal)

Heritage

Canada's first pre-paid drug plan

Offices

Vancouver, Calgary, Toronto, Montreal, Windsor

Editorial Ratings

Benefits Canada: Innovation Award(2025)

Rating: Recognized for innovation in benefits administration (max: Top Award)

76Benefits

Coverage Highlights

  • Canada's first pre-paid drug plan (pioneer)
  • Not-for-profit benefits carrier
  • Federally regulated by OSFI
  • Drug, dental, extended health, vision, hospital, and travel
  • National presence with offices across Canada

Pros

  • Not-for-profit model keeps costs lower
  • Pioneer in drug benefit plans
  • National presence with regional offices
  • OSFI-regulated (strong oversight)

Cons

  • Less diversified than Big 3 (focused on benefits administration)
  • Lower brand awareness among individual consumers
  • Less innovation in digital tools historically

Frequently Asked Questions

Is Green Shield Canada a not-for-profit?

Yes. Green Shield Canada is a not-for-profit benefits carrier, keeping costs lower for plan members and employers compared to for-profit competitors.

What does Green Shield Canada cover?

GSC covers prescription drugs, dental, extended health, vision, hospital, and travel benefits. It was the first company in Canada to offer a pre-paid drug plan.

Is Green Shield regulated by OSFI?

Yes. Green Shield Canada is federally regulated by the Office of the Superintendent of Financial Institutions (OSFI), providing strong regulatory oversight.

Quick Summary

InsurerGreen Shield Canada (GSC)
Country🇨🇦 Canada
Overall Score76/100
Satisfaction3.8/5
Members4.0M
Typeprivate
Founded1957

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