Video: How to Read Your Monthly Financial Statement

New Video: How to Read Your Monthly Financial Statement

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:

Author
Recent Posts

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.

Latest posts by Mike Ignatz (see all)

Mitigating Risk in Your Client’s Benefits Plan Design – Part 1 - September 24, 2020
Case Study: Freeing Yourself From the Commodity Mindset - August 27, 2020
Case Study: Reflecting Your Company Culture in Your Benefits Plan - May 21, 2020

Comments are closed.

Eligible Expenses Include:

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

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

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

From the blog

Get Your Money Faster

Advisors! Sign Up for Our Monthly Bulletin

Stay Connected

Eligible Expenses Include:

Our Administration Fee is All Inclusive