by Karen Taylor Smith | Nov 13, 2013 | Benefits Costs, Custom Plan Design, Employee Benefits
When most people think about differentiating benefits for groups of employees, they assume the groups are separated by role. An example would be a benefits plan that provides executives with different benefits than customer service representatives (CSR) in small and...
by Karen Taylor Smith | Aug 28, 2013 | Benefits Costs, Employee Benefits
Why are benefits costs going up so quickly? A recent article in Benefits Canada Magazine identifies a number of factors putting pressure on healthcare costs in Canada, with the net result that “between 2010 and 2011, benefits costs escalated by an average of 6.2%,...
by Karen Taylor Smith | Apr 29, 2013 | Benefits Costs, Custom Plan Design, Employee Benefits, Healthcare Spending Accounts
Our blog today is the last installment in The Many Ways to Share Benefits Plan Costs series. The final topic is an explanation of health care spending accounts. In case you have missed the previous blogs in this series, please check them out: Part One: Payroll...
by Karen Taylor Smith | Apr 17, 2013 | Benefits Costs, Custom Plan Design, Employee Benefits
Welcome to part four of our sharing benefits plan costs series. In this blog, we are discussing the common types of prescription drug deductibles. In our earlier blogs, we examined the value of payroll deduction, co-insurance, and annual deductibles. There are two...
by Mike Ignatz | Mar 21, 2013 | Benefits Costs, Custom Plan Design, Employee Benefits
The third installment of our sharing benefits costs series is dedicated to annual deductibles. Previously in part one and two, we covered the advantages of payroll deduction and co-insurance, respectively. An annual deductible is a set amount that the employee is...
by Karen Taylor Smith | Feb 21, 2013 | Benefits Costs, Custom Plan Design, Employee Benefits
In our last blog we provided some insight into payroll deduction, and how it can be advantageous to employers who want to minimize benefits plan costs by sharing with employees. Today, we are addressing the topic of co-insurance. With co-insurance, the claimant and...
