Category Archives: Executive Benefits
Canadian Businesses Turning to Flexible Benefits Plans
While Canada continues to experience a growing multigenerational workforce, employers are currently trying to figure out how to not only encourage cohesion and collaboration among the generations, but also how to care for all of them. The needs and concerns of one generation do not necessarily overlap those of the (…) [Read Full Article]
Can a Business Owner Have a Benefits Plan for One?
“Do you provide benefits plans for just one person?” is a question advisors regularly relay to us, and they are usually surprised by the answer. Indeed you can! It is an under-served market and can be quite lucrative. For many advisors however, the real value of these plans is providing (…) [Read Full Article]
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
Selling Benefits Plans to Doctors
Welcome to the second installment in our series about selling to healthcare professionals. Healthcare professionals have specific needs for their healthcare plans – needs that conventional off-the-shelf plans typically cannot meet. There is a great opportunity for benefits plan advisors to offer customized plans to this largely untapped market. As (…) [Read Full Article]
Posted in Custom Plan Design, Employee Benefits, Executive Benefits, Sales Ideas
Selling Benefits Plans to Dentists
This is the first in our upcoming series about selling to healthcare professionals. Healthcare professionals may believe group benefits are not necessary for their employees, as they have access to certain services free or at-cost. Standard packaged plans may be of little perceived value as a result. There is a (…) [Read Full Article]
Posted in Custom Plan Design, Employee Benefits, Executive Benefits, Sales Ideas
Tags:benefits plan, custom plans, HCSA, SelectFlex
Get a Comprehensive Health Assessment through Your Benefits Plan
A recent article from Benefits Canada discusses the importance of a regular comprehensive health assessment (CHA). A CHA involves 12-15 diagnostic tests necessary to assess the state of your health for the next year. CHAs can be crucial for spotting health problems early. The author points out research showing that (…) [Read Full Article]
Posted in Employee Benefits, Executive Benefits
Important Changes from CRA that Advisors Need to Know
The Canada Revenue Agency (CRA) has replaced their former Interpretation Bulletins (IR) with Income Tax Folios. The former bulletin used by many providers (including The Benefits Trust) as a common reference for determining eligible and ineligible expenses for Health Care Spending Accounts and executive benefits plans was IT-519R2, Medical Expense (…) [Read Full Article]
Posted in Employee Benefits, Executive Benefits, Healthcare Spending Accounts
Tags:Canada Revenue, CRA, Income Tax Folios
Medcan’s Executive Health Plan
As a client of The Benefits Trust, you now have access to the Medcan Clinic. Medcan Clinic, located in downtown Toronto, is the largest private healthcare clinic in North America. Home to approximately 60 senior physicians with specialties ranging from cardiology to psychiatry to sports health, Medcan performs more than (…) [Read Full Article]
Posted in Employee Benefits, Executive Benefits, TBT Services
Tags:benefits, comprehensive health assessment, executive benefits, executive health plan, Medcan
The Joy of Executive Benefits
To control costs, most conventional plans include specific maximums for expenses including paramedical services, vision care, major restorative dental, and orthodontics. Such restrictions may not be appropriate for business owners and executives who will then be out of pocket for amounts over these maximums. To pay for these expenses, a (…) [Read Full Article]
Posted in Employee Benefits, Executive Benefits
Tags:benefits, health care, hr
Posted in Benefits Costs, Employee Benefits, Executive Benefits, Flexible Benefits