Group health benefits help cover Canadians who have protection under their provincial health care program but would benefit from more coverage. In the event of a long-term illness or accident-related emergency, there could be high unforeseen costs and financial worries. This is where an employee benefits plan can help.
The world of employee benefits continues to evolve and innovate as employers like you seek strategies to optimize the value of their employee benefits insurance and programs. A recent trend has been for employers to self-insure some areas of their employee benefits.
Do you want to improve your company benefits plan but are not sure where to start? Or maybe you're conflicted between a health care spending account and a lifestyle spending account? Flexible (or flex) spending accounts can give you choice and flexibility through customizable employee benefits packages that meet your employee's health and wellness needs.
As a business owner, you work hard to ensure your staff is satisfied with the work they do, their compensation, and the group health benefits you provide. You may be wondering: "What else can I do to attract and retain top talent to my organization?" Lifestyle spending accounts, also known as wellness spending accounts, can be an invaluable tool to do just so.
Do your employees ever comment about how they don't get the most out of their health benefits plans? Often, your employees may only need coverage for one or two medical services and can quickly use up their company benefits.
Regardless of the size of your business, the wellness of your executive employees is essential. We understand - the effort it takes your business to recruit, develop, and retain executive talent is extensive. The cost of losing one of your executives or not properly looking after them and their health can be just as extensive and sometimes can have negative consequences.
Employee Benefits Team
“On average, we have saved our clients approximately 17% on their benefits. Our unique, no-obligation audit process could help you achieve similar cost reductions. Best of all, this can empower you to cover what really matters to you and your team.”
Flexible and tailored employee benefits.
What are the benefits to my business?
An employee benefits package is an excellent tool to communicate your corporate culture to current and future employees. Employee benefits insurance and plans allow employers to offer increased compensation to their employees in a tax-effective manner.
Understanding your corporate philosophy on employee benefits will help maximize dollars spent and provide greater flexibility to your employees.
Providing a robust group health and employee benefits package is an efficient way to attract and retain top talent in your field, boost morale, and maintain productivity. Today's savvy employees are looking for proactive health measures, wellness, and mental health support from their group benefits plan.
In addition to the most common benefits for group health packages, you can fully customize your company offering by supplementing your program with additional coverage such as the following:
· Administrative Services Only (ASO)
· Health Care Spending Accounts (HCSA)
· Lifestyle Spending Accounts (LSA)
· Flexible Spending Accounts (FSA)
· Employee and Family Assistance Programs (EFAP)
· Optional Benefits (Life, AD&D, CI)
· Medical Second Opinion (MSO)
· Executive Health Care
· Emergency Travel Assistance
· Virtual Telemedicine
· Group RRSP
Healthy and happy employees are your most important asset.
Without a group benefits plan, your employees are forced to pay for medical supplies, paramedical costs, hospital expenses, ambulance fees, vision, dental, orthodontic, and prescription drug expenses with after-tax income. Employee benefits insurance and group health packages can be customized to cover these expenses using before-tax dollars.
Group benefits plans utilize:
- Life Insurance
- Short Term Disability Insurance
- Long Term Disability Insurance
- Critical Illness Insurance
- Accidental Death and Dismemberment Insurance
Get a no-obligation audit of your benefits.
In addition to the most common benefits for group health packages, you can fully customize your company offering. We will show you the optimal mix for your company benefits.