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Hybrid Benefit Plan Design – What’s Your Spot on the Line?

With a hybrid benefit plan design, business owners can maintain the key elements they like in their traditional plan while introducing a much greater level of flexibility! A hybrid plan offers the advantages of both types of plans, resulting in a very practical and cost-effective solution.

Also, the business owner can choose where they would like their plan to fall along the defined benefit – defined contribution spectrum.

Watch this video to learn more!

The Benefits Trust: Your Third Party Administrator for Employee Benefits

Is your benefits plan right for your business? Are you feeling restricted by the conventional off-the-shelf plans?

At The Benefits Trust, we help successful business owners build a better benefits plan than they can get anywhere else.

With a Third Party Administrator like us:
– You only pay for the insurance you want
– You only pay for the claims you actually have
– Administrative costs are fixed and transparent
Watch to learn more about how The Benefits Trust can help you create a customized benefits plan to meet your company’s needs and goals.

Watch this video to learn more.

The Benefits Trust: Can I Have a Benefits Plan for One?

As a sole proprietor or incorporated individual, have you ever wondered if you could get a benefits plan just for yourself and your dependents? After all, benefits plans are fully tax-deductible business expenses, allowing you to pay for your medical and dental expenses in the most tax-effective way possible.

Business owners like you often ask if they can get a benefits plan for one… expecting the answer to be No. The real answer is: Yes, a benefits plan for one can be done!

Watch this video to learn more.

The Benefits Trust: What Is a Healthcare Spending Account?

A healthcare spending account (HCSA) is a benefits solution that can be used either as a complement to a core health and dental plan, or as a standalone option. It’s a pool of money available to employees and their families, which an employer funds monthly throughout the year.

It’s great for employers because they can:
1. Control how much they would like to spend on the HCSA
2. Define “groups within their group” to customize how much funding each group of employees receives (can be based on seniority, position, etc.)
3. Count it as a 100% tax-deductible business expense

It’s great for employees because they can:
1. Spend their funds on any Canada Revenue Agency (CRA) approved expenses (encompassing much more than is covered by conventional benefits plans)
2. Receive tax-free benefits dollars

To learn more, watch the video!

How to Read Your Financial Statement from The Benefits Trust

Get to know your statement! The Benefits Trust financial statement is an important tool that provides a clear monthly snapshot of your benefit plan’s financial status.

Watch this reference video for step-by-step instructions on how to read your plan financial statement. If you have any further questions, please don’t hesitate to contact us.