The Benefits Trust Blog
April 2nd is National Employee Benefits Day 2018
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]
Fraud Prevention Month 2018: 5 Questions to Ask Yourself
March is Fraud Prevention Month in Canada, and we are proud to support the Competition Bureau of Canada in raising awareness. Education about fraud helps us all to recognize it when we see it, reject it, and report it. At The Benefits Trust, we advocate for scam awareness and prevention (…) [Read Full Article]
Posted in Fraud Prevention
Selling Benefits Plans to Religious Organizations, Not-for-Profits, Charities, and Other Special Interest Groups
Groups such as religious organizations, not-for-profits, and charities often have specific needs for their healthcare plans that conventional off-the-shelf plans cannot accommodate. Benefits plan advisors have a great opportunity to offer customized benefits to this market. There are many reasons these types of groups may not currently have a benefits (…) [Read Full Article]
Posted in Benefits Costs, Custom Plan Design
OHIP+: New Benefits for Children and Youth Coming January 1, 2018
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]
Posted in Coordination of Benefits, Employee Benefits, Flexible Benefits, News
Happy Holidays! See Our Seasonal Hours
From the team at The Benefits Trust, wishing a very happy holiday season filled with joy to our benefits members and advisors. Here’s to health and happiness in the New Year! Please be advised of our special holiday hours, in the event you or your employees have claim inquiries: If (…) [Read Full Article]
Posted in Member News, News
Battling Benefits Fraud: How Advisors Can Help
People often view insurance fraud as a victimless crime, affecting big companies rather than small businesses and employees. They couldn’t be more wrong! Fraud raises premiums for both employers and employees—everyone pays the price. According to the Canadian Health Care Anti-Fraud Association, benefits fraud costs the industry between $1.2 and (…) [Read Full Article]
Posted in Fraud Prevention, Stop Loss
Common Benefits Advisor Problems: Pricing Pandemonium
Every benefits broker has had the stressful experience of having to tell their clients that premiums are increasing – clients certainly aren’t happy to hear this news, you’re going into the conversation already on the defense, and sometimes the relationship you’ve built can even take a blow. But it doesn’t (…) [Read Full Article]
Posted in Coordination of Benefits, Stop Loss
Buyer Beware: Choosing a Third Party Administrator for Benefits Plans
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]
Stop Being Afraid of Your Clients
The group benefits industry is evolving to meet the customer’s demand for computer-driven convenience. Client expectations have risen, and many clients – especially the younger demographic – want to be able to access the information they need immediately. Preferably, on the insurer’s website. But this convenience can lead to information (…) [Read Full Article]
Posted in Custom Plan Design, TBT Services
The Benefits Trust App: Features Update
We’re constantly improving to meet the needs of our plan members, our clients, and their advisor partners! Our benefits app – a convenient and easy way for plan members to submit claims – has just been updated with new features to make the experience even better. Here are the new (…) [Read Full Article]
Posted in Member News, News
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Posted in Employee Benefits