Register for CE Seminar: Using Hybrid Plans to Control Costs

Register: Using Hybrid Plans to Control Costs

** NEW Special Date Added – June 19th **
(1.5 CE Credits)

As an advisor, you know that small and mid-sized businesses are constantly juggling the competing priorities of offering employees more flexible benefits vs. cost control. Hybrid Plans allow you, the advisor, to differentiate yourself from the competition. Advisors selling hybrid plans have found that they:

  • Simplify the renewal process
  • Maximize their profit per case
  • Keep away competition

Rather than offering a fixed traditional benefits plan, a hybrid plan design can achieve specific compensation and budget goals. An effective hybrid plan will allow employers to control the costs of their benefits plan while still providing flexibility for employees. Hybrid plans are designed to be less susceptible to premium inflation and less affected by the volumes of claims submitted.

At this session you will learn:

  • How to speak to clients about hybrid plan design
  • How to structure a hybrid plan
  • How to maximize profit in your benefits business
  • How to get started with this immediately

Upcoming Dates:

  • Thursday May 9, 2013 **SOLD OUT**
  • Tuesday May 14, 2013 **SOLD OUT**
  • Thursday May 16, 2013 **SOLD OUT**
  • Thursday May 23, 2013 **SOLD OUT**
  • Wednesday June 19, 2013 **SPECIAL DATE”

Registration and Refreshments: 10:15am | Seminar: 10:30am-Noon
Location: The Benefits Trust (Boardroom) 3800 Steeles Ave. West, Suite #102W, Vaughan, Ontario, L4L 4G9. See GOOGLE MAP.


 
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Eligible Expenses Include:

  • Paramedical Practitioners: such as Physiotherapy & Massage Therapy.
  • Vision Care including Laser Eye Surgery, Contact Lenses, Glasses & Examinations.
  • Medical Facilities including Convalescent Homes & Substance Abuse Facilities.
  • Medical Devices such as Orthotics, Hearing Aids & CPAP machines.
  • Nursing Care to help you recuperate in the comfort of your own home.
  • Expenses Related to Disabilities including special programs tuition, tutoring and home or vehicle modifications.
  • Dental Services Orthodontic & Major Services including Dental Implants.
  • Out of Country Expenses for non-emergency expenses while travelling.
  • Prescription Drugs excluding only over-the-counter medication.
  • PHSP Premiums including any employee-paid premiums for health care or dental care benefits.
  • Private Hospital Room
 

Our Administration Fee is All Inclusive

  • Claims submission by mobile claims app, online claims portal, email, fax, and mail.
  • Daily claims adjudication and payment.Claims will be processed within 1-3 business days, 99% of claims are processed in-house within 24 hours.
  • Claims payments by direct deposit or cheque.
  • Employee and administrator inquiries handled by our client service specialists through telephone, fax and email interaction.A member of the Benefits Trust client service team will answer your call, you will not have to navigate a system to find a human being to speak with.
  • Maintenance of accurate employee benefit records, including Life Insurance beneficiaries.
  • Monthly billing statements (by division and by department as required), identifying benefits costs for each employee in each division.
  • Account changes and billing adjustments carried out by The Benefits Trust.
  • Formal benefits plan documentation to satisfy all legislative requirements concerning private health services plans prepared by The Benefits Trust contract specialists.
  • Complete Administration Manual which clearly outlines procedures and provides forms for notification of employee status changes.
  • Online administration for enrollments, changes, and terminations.
  • Monthly financial status reporting, including the current month, year to date, and prior year to date for on-going monitoring and trend analysis.
  • Employee information meetings at implementation, and regularly as needed.
  • Employee communication materials such as benefits brochures and booklets, announcement memos.
  • Wallet certificate cards provide each member with their contract number and individual certificate number, coordinated with electronic dental.
  • Facilitating insurance claims with the various carriers.