New Video: How to Read Your Monthly Financial Statement from The Benefits Trust

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

At The Benefits Trust, we are committed to providing service excellence, clarity, and transparency to all of our clients.

Recently, we developed a reference video that is designed to help benefit administrators and advisors understand how to read their monthly financial statements.

Watch the video below, and if you still have questions about how to read your statements or about your benefits plan, please don’t hesitate to contact our office!

The Benefits Trust helps small and mid-sized businesses build custom benefits plans that meet their specific needs. Contact us today.

Visit our Administrator Resource Centre for access to forms and FAQs.

More from The Benefits Trust:

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About Mike Ignatz

Mike Ignatz has managed Business Development at The Benefits Trust since 2005. His drive and focus has helped The Benefits Trust provide better benefits plans to small and mid-sized businesses throughout Canada.

Dental Fees in Ontario Are Rising 4.19% This Year: What Can You Do? - March 22, 2019
How to Combat the Skyrocketing Cost of Dental Claims in Benefits Plans - October 24, 2018
Virtual Care in Canada, Here to Stay! - September 18, 2018
Rob Crowder Celebrates 30 Years in the Business! - August 17, 2018
Common Benefits Advisor Problems: Adding Value, Part One - July 26, 2018
Valuable HR Resources for The Benefits Trust Clients - June 21, 2018
April 2nd is National Employee Benefits Day 2018 - March 28, 2018
Fraud Prevention Month 2018: 5 Questions to Ask Yourself - March 23, 2018
Stop Being Afraid of Your Clients - July 28, 2017
Happy Holidays from The Benefits Trust! See Our Holiday Hours - December 19, 2016

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Paramedical Practitioners: such as Physiotherapy & Massage Therapy.

Vision Care including Laser Eye Surgery, Contact Lenses, Glasses & Examinations.

Medical Facilities including Convalescent Homes & Substance Abuse Facilities.

Medical Devices such as Orthotics, Hearing Aids & CPAP machines.

Nursing Care to help you recuperate in the comfort of your own home.

Expenses Related to Disabilities including special programs tuition, tutoring and home or vehicle modifications.

Dental Services Orthodontic & Major Services including Dental Implants.

Out of Country Expenses for non-emergency expenses while travelling.

Prescription Drugs excluding only over-the-counter medication.

PHSP Premiums including any employee-paid premiums for health care or dental care benefits.

Private Hospital Room

Our Administration Fee is All Inclusive

Claims submission by mobile claims app, online claims portal, email, fax, and mail.

Daily claims adjudication and payment.Claims will be processed within 1-3 business days, 99% of claims are processed in-house within 24 hours.

Claims payments by direct deposit or cheque.

Employee and administrator inquiries handled by our client service specialists through telephone, fax and email interaction.A member of the Benefits Trust client service team will answer your call, you will not have to navigate a system to find a human being to speak with.

Maintenance of accurate employee benefit records, including Life Insurance beneficiaries.

Monthly billing statements (by division and by department as required), identifying benefits costs for each employee in each division.

Account changes and billing adjustments carried out by The Benefits Trust.

Formal benefits plan documentation to satisfy all legislative requirements concerning private health services plans prepared by The Benefits Trust contract specialists.

Complete Administration Manual which clearly outlines procedures and provides forms for notification of employee status changes.

Online administration for enrollments, changes, and terminations.

Monthly financial status reporting, including the current month, year to date, and prior year to date for on-going monitoring and trend analysis.

Employee information meetings at implementation, and regularly as needed.

Employee communication materials such as benefits brochures and booklets, announcement memos.

Wallet certificate cards provide each member with their contract number and individual certificate number, coordinated with electronic dental.

Facilitating insurance claims with the various carriers.

New Video: How to Read Your Monthly Financial Statement from The Benefits Trust

About Mike Ignatz

There is a better option for employee benefits. We can show you how. Contact us today.

From the blog

Get Your Money Faster

Eligible Expenses Include:

Our Administration Fee is All Inclusive

New Video: How to Read Your Monthly Financial Statement from The Benefits Trust

About Mike Ignatz

There is a better option for employee benefits. We can show you how. Contact us today.

From the blog

Get Your Money Faster

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Eligible Expenses Include:

Our Administration Fee is All Inclusive