CUSTOM-BUILT PLANS TO ATTRACT AND RETAIN HOSPITALITY EMPLOYEES
Hospitality Benefits Plans
Hospitality businesses are struggling to attract and retain talent. Set your business apart from the competition by offering the highest quality benefits that you, your families, and your employees can rely on.
What is the Hospitality Benefits Plan?
Employees in the hospitality industry work hard but are often not offered benefits packages as part of their compensation. With a high demand for qualified workers in the industry, your company can set itself apart from your competitors and show true value to top talent by offering benefits catered specifically to the needs of hospitality industry employees.
HOSPITALITY BENEFITS PLAN DETAILS
Hospitality Benefits Plan
For companies that want comprehensive coverage that supports the unique needs of employees working in the hospitality industry.
Plan Highlights
- Enjoy group purchasing power for all insurance products resulting in lower premiums.
- Includes Life Insurance, Accidental Death and Dismemberment Insurance, Dependent Life, Out of Canada Emergency Medical Insurance, plus coverage for routine health and dental claims.
- Plan design flexibility for both the business owner and full-time employees by choosing Gold, Silver, or Bronze Extended Health Care and Dental Coverage levels.
- Members also have the option of adding a Health Care Spending Account to their plan.
Coverage Amount
- Conventional coverage limits and percentage paid (e.g. 80%) vary by plan (and can be customized).
- HSA limit is fixed by employer and can only be changed at annual renewal.
- HSA expenses will be paid at 100% up to set limit.
Fee
- No setup fees, annual fees, per-claim fees, or fees for booklets.
What’s Covered?
The TBT hospitality benefits plan provides you with the best value for your benefit dollar:
- Life Insurance
- Accidental Death and Dismemberment
- Dependent Life Insurance
- Prescription Drug Benefit
- Paramedical Care
- Vision Care
- Out Of Country Medical Coverage
- Dental Care
Optional Coverage
Optional coverage can include the following:
- Long-Term Disability
- Employee Assistance Program
- TELUS Health Virtual Care
- Healthcare Spending Account
Online Or Smartphone App Claim Submission?
Just take a picture of your receipt and hit send; we take care of the rest for you.
Benefits Card?
Yes
Pay-Direct Drug Card
Yes
Common Questions
What are the advantages of setting up a business plan for my hospitality business?
You pay for medical and dental expenses for you and your family anyhow, so doesn’t it make sense to pay them through your business in the most tax-effective way possible? All your health and dental care expenses are covered when administered through a benefits plan and 100% of the cost of the plan is a tax-deductible business expense. It’s a no-brainer. You’ll save money and gain protection for your family.
What about my employees?
A benefits plan is seen as a valuable part of the compensation package by employees. It helps attract and retain them, especially in a tight job market. In fact, this plan is unique in the hospitality industry, offering the coverage you can’t find anywhere else. Your employees will see that you care, and they’ll feel more confident and more at ease knowing they have financial protection in case of an accident, in addition to coverage for day-to-day prescription drug and dental expenses.
You can build your plan with different benefits for different groups of employees. You’ll save money and gain protection for your family and employees.
You can build your plan with different benefits for different groups of employees. You’ll save money and gain protection for your family and employees.
What if I have multiple business partners?
No problem. Our plan can accommodate all partners. We will work with you to find what works best for you.
If my company grows, will I outgrow this plan?
No. As your company grows, we will help you transition to a more suitable plan at every stage of your success. We’re with you all the way.
When will my employees be eligible for joining the plan?
The industry standard is 3 months. You can choose to apply this length to certain classes of employees and a different length to others. When you are dealing with high turnover in a certain class, it often makes sense to choose a longer waiting period. Let’s say you know that in your business new hires that last for 6 months tend to stick around for the long haul. In that case, you may want to extend the waiting period to 6 months. Other classes might still have a 3-month waiting period, others could be 9 or 12 months, or even longer.
LET’S TALK
Interested in Our Hospitality Benefits Plan for Your Business?
Call us for a 10-minute chat or submit a callback form.
We Can Match Your Existing Plan
Keep the benefits blueprint you trust while enhancing it to make it exactly what you need it to be.
Our team can quickly adjust and change your existing plan to work perfectly for you.
Our team can quickly adjust and change your existing plan to work perfectly for you.
Most Traditional Employee Benefits Plans Look the Same
Consider the following when choosing a new plan.
Cost
Budgets are always on the minds of small business owners – and we can’t blame them! At The Benefits Trust, we provide the most value and maximize cost efficiency with customized plans that cater to the needs of your employees.
Service
Delivering more value means more than offering comprehensive employee benefits. It means creating a partnership with your provider that’s based on dedicated representative customer service.
Plan Design
We think outside of the traditional benefits box. Our clients (and their employees) enjoy custom benefits plans that have been specifically designed to cater to business and employee needs and goals.
Support
At The Benefits Trust, we prioritize unparalleled support for our clients. Think of us as your benefits department; from the initial setup to ongoing management, we ensure your benefits plan runs smoothly.
Watch and Learn How
The Benefits Trust Creates a Custom Benefits Plan to Meet Your Company’s Needs
With a third-party administrator like us:
- You pay for the insurance you want
- You only pay for the claims you have
- Administrative costs are fixed and transparent
Have an Inquiry About Our Plans?
Navigating benefits can be complex; lean on us for clear, concise answers to all your plan-related questions.
Call us at 1-800-487-2993
Email us at [email protected]
Regular Hours of Operation
Monday – Friday 8:30am – 5:00pm