Category Archives: Employee Benefits

April 2nd is National Employee Benefits Day 2018

Posted on March 28th, 2018 by Mike Ignatz

Happy National Employee Benefits Day from all of us at The Benefits Trust! Organized by the International Foundation of Employee Benefit Plans (IFEBP), this day recognizes trustees, administrators, benefits practitioners, and professional advisors for their dedication to providing quality benefits and the important role they play in their colleagues’ well-being. (…) [Read Full Article]

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OHIP+: New Benefits for Children and Youth Coming January 1, 2018

Posted on December 19th, 2017 by Robert Crowder

Starting January 1st, 2018, the Government of Ontario will offer expanded drug benefits for children and youth. Under the new OHIP+: Children and Youth Pharmacare program, Ontario Drug Benefit (ODB) drugs will be fully covered, regardless of family income or student status. In anticipation of these changes, we’ve compiled a (…) [Read Full Article]

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Buyer Beware: Choosing a Third Party Administrator for Benefits Plans

buyer beware: third party administrator for benefits plan
Posted on September 21st, 2017 by Robert Crowder

A Third Party Administrator (TPA) is an organization that manages employee group benefit plans on behalf of an employer. A TPA can provide more cost-effective and flexible group insurance administration for small and mid-sized businesses than larger traditional insurance carriers can – in some cases saving as much as 20% (…) [Read Full Article]

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Common Benefits Advisor Problems: Plan Design – Don’t Be a Commodity [Case Studies]

Posted on May 25th, 2017 by Robert Crowder

Here’s a hard truth – your clients don’t owe you anything. The small group benefits industry is largely commodity-driven. Successful business owners (your clients) are concerned with getting value from their benefits plan so they can go back to focusing on their company’s success. For most off-the-shelf benefits solutions, “value” (…) [Read Full Article]

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Can I Offer Benefits for Employees over 70?

Can I Offer Benefits for Employees over 70?
Posted on March 14th, 2017 by Robert Crowder

People are increasingly working beyond the traditional “retirement age”. With employees staying on as they get older, many business owners aren’t sure about the rules for their benefits plans. In fact, since many traditional benefits plans terminate at age 70, most business owners believe that they cannot offer benefits for (…) [Read Full Article]

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Tell the Government You Don’t Want Your Health and Dental Plan Taxed!

Tell the Government You Don’t Want Your Health and Dental Plan Taxed!
Posted on January 30th, 2017 by Robert Crowder

The Federal Government is considering taxing health and dental benefits plans, which would increase taxes for employees. In many cases, this tax would result in small and mid-sized companies no longer offering benefits or significantly reducing benefits coverage. Millions of Canadians could lose access to affordable extended health, dental, and (…) [Read Full Article]

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Sanofi Healthcare Survey Reveals Canadians Want More Flexible and Integrated Health Benefit Plans

sanofi-healthcare-survey-2016
Posted on December 14th, 2016 by Mike Ignatz

Canadian health benefit plans can do a lot more to keep up with employees’ changing needs and expectations, revealed this year’s Sanofi Canada Healthcare Survey. The annual survey asks 1,500 primary holders of group health benefits plans across the country to rate workplace supports for healthcare management. This year’s results (…) [Read Full Article]

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The Employer-Employee Relationship Is Changing. Is Your Benefits Plan?

The Employer-Employee Relationship Is Changing. Is Your Benefits Plan?
Posted on November 28th, 2016 by Robert Crowder

Gone are the days when employees would stay at one company for the entirety of their working career. According to Workopolis, frequent job changing is the new normal with 51% of people leaving any given role in two years or less. With this shift in employment habits, the employer-employee relationship (…) [Read Full Article]

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Do Employee Benefits Trump Higher Salaries for Millennials?

do perks really mean more to millennials than a higher salary
Posted on October 25th, 2016 by Mike Ignatz

Flexible hours, free lunches, and casual dress – do those perks really mean more to millennials than a higher salary? With millennials now making up the majority of Canada’s workforce, employers need to understand how to hire, retain, and engage them. Offering perks or employee benefits plans can help businesses (…) [Read Full Article]

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Robert Crowder Encourages Small Business Benefits Advisors to Offer Healthcare Spending Accounts

Small Business Benefits Advisors to Offer Healthcare Spending Accounts
Posted on October 12th, 2016 by Mike Ignatz

A healthcare spending account (HCSA or HSA) is a great way for any business to customize their benefits plan to suit their compensation philosophy and business goals. It can complement a traditional core health and dental plan or it can be a standalone solution. It can be used to compensate (…) [Read Full Article]

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