Category Archives: Coordination of Benefits
Common Benefits Advisor Problems: Adding Value, Part One
As a benefits broker, you know you need to consistently add value for your clients. And value means a lot more than just saving money—it’s about being a trusted advisor who educates and helps business owners make the best decisions for their unique situation. In this blog series, we will (…) [Read Full Article]
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
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
How Does the Ontario Drug Benefit (ODB) Program Work with a Benefits Plan for Employees Over 65?
The Ontario Drug Benefit (ODB) program is a government program that helps certain individuals cover the cost of their prescription medications. The ODB includes over 4,400 prescription drugs, as well as some nutrition products and diabetic testing agents. Click here to access the Formulary database to search which drugs are (…) [Read Full Article]
Posted in Coordination of Benefits, Employee Benefits
Do You Know These Details about Coordination of Benefits?
Most people know the essentials of coordination of benefits (COB); however, there are a few details that are less widely known. These details are important to understand. They allow you to get the most from the different benefits plans you and your dependents are covered under. Coordination of Benefits Basics (…) [Read Full Article]
Posted in Benefits Costs, Coordination of Benefits, Employee Benefits
Do You and Your Employees Know These Important OHIP Coverage Details?
Do you and your employees know all the ins and outs of the Ontario Health Insurance Plan (OHIP)? If you’re not in the healthcare or benefits industry, chances are that you don’t. And you might be missing out on some great coverage options! Benefits plans are designed to wrap around (…) [Read Full Article]
Posted in Coordination of Benefits, Employee Benefits, Member News, Provincial Updates
Tags:OHIP, Ontario Health Care
How Benefits Plans Discriminate Against Executives
That’s right: most off-the-shelf benefits plans on the market discriminate against executives. It’s simple when you think about it. Let’s say everyone in your company has the same, standard benefits plan. When you hire a new employee in an entry-level position and give them benefits, they’re getting the same benefits (…) [Read Full Article]
Posted in Benefits Costs, Coordination of Benefits, Custom Plan Design, Employee Benefits, Executive Benefits
Tags:benefit plans, custom benefits plan, executive benefits
Posted in Coordination of Benefits, Flexible Benefits