What is your group benefit plan doing for you? Does it match your company’s goals and compensation philosophy, or do you have a plan only because you think you have to? We do not believe in using a cookie cutter approach when it comes to Employee/Group Benefit Plans. Your group plan should be a tool you use to accomplish your company’s goals. You may be trying to provide your key employees with a comprehensive plan to attract and retain them or you may be trying to provide a limited plan to employees that tend to turnover more frequently.
If you have more than one type of employee then perhaps you should be looking at customizing your plan to include different benefits based on the type of employee. Perhaps you use your benefit plan to reward loyalty by increasing benefits over time instead of taxable cash bonuses. This can be accomplished either through group benefits or a Group RRSP. Once we know what your company’s goals are, we can build a group benefit plan to accomplish these objectives. The next thing to do is communicate that plan to your employees so they understand how it works and what it offers.
Ongoing monitoring of your plan and our industry are used to help us be proactive in making sure your plan remains both cost effective and it evolves as your needs change. When we are looking at your group plan we have many options to consider:
- Life Insurance
- Accidental Death & Dismemberment (AD&D)
- Dependant Group Life
- Long Term Disability (LTD)
- Critical Illness (CI)
- Out of Province/Out of Country (OCC)
Cash Flow Benefits
- Extended Health Care (EHC)
- Short-Term Disability
- Fully Insured Plans
- Budgeted Administrative Services Only (ASO)
- Health Spending Accounts (HSA)
- Catastrophic Coverage
- Employee Assistance Programs (EAP)
We have the ability to deal with all the top insurance carriers in the industry and have developed close relationships with several distribution channels to ensure we are getting the best provider for every one of our clients. No one carrier can provide the best solution for every client.