Tag Archives: benefits plan
The client is a family-owned Canadian business in the logistics and distribution industry with over 70 employees, from labourers to professionals, key employees, and two generations of owners. From the beginning, it was clear to us that the diverse range of wages and salaries within the company would require a (…) [Read Full Article]
Medical marijuana is a controversial subject. If you or a family member has been prescribed medical marijuana, you’re probably wondering whether your benefits plan will actually cover it or not. The legislation and regulations surrounding medical marijuana access and use are in constant flux, which can become confusing. Right now, (…) [Read Full Article]
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April 6th, 2015 by
Mike Ignatz Do you stay up late at night worrying about other advisors scooping up your business? Are your nightmares haunted by middle-aged financial advisors with five group clients snagging your clients because they achieved the impossible and found an insurer to buy the business, or their kids both play for the (…) [Read Full Article]
Which taxes apply to ASO group benefits plans in Ontario? Premium Tax = 2.0% Provincial Insurance Tax = 8.0% HST = 13.0% Premium Tax on ASO Benefits Plans Premium tax is determined for each employee based on that employee’s province of residence. Premium tax on insurance products (Life Insurance, AD&D, (…) [Read Full Article]
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May 22nd, 2014 by
Mike Ignatz 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]
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]
A healthcare spending account (HCSA or HSA) is a practical and effective benefits plan option that can serve as an alternative to, or an addition to, a conventional group health and dental plan. A plan design that includes HCSAs allows the employer to set a fixed budget for available benefits, (…) [Read Full Article]
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July 17th, 2013 by
Mike Ignatz Whether it’s a week-long trip to Dominican Republic or just a day’s jaunt across the border to the US for shopping, it is important for Canadians travelling outside of their home province to make sure they have travel medical insurance. That way you won’t have to worry about coverage, should (…) [Read Full Article]
Posted in Custom Plan Design, Employee Benefits
Tags:benefits plan, employee benefits, family owned business, family owned business benefits plan