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 Mike Ignatz | May 22, 2013 | Employee Benefits, Provincial Updates
In British Columbia, residents could not travel outside of the province for longer than six months without losing their Medical Services Plan (MSP) coverage. Recently, the Canadian Snowbird Association requested that the six month residency requirement be altered to...
by Mike Ignatz | Apr 2, 2013 | Employee Benefits, Events
The International Foundation of Employee Benefit Plans has designated April 2nd as National Employee Benefits Day. Every year, Employee Benefits Day gives us all a chance to re-evaluate our employee benefit offerings, educate employees about their benefits, and...
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...
