In a competitive job market, a group benefits plan is a great way to separate yourself from the competition. A benefits plan can help retain staff, improve morale and productivity, and keep your employees healthy and at work.
A group benefits plan helps employees cover the cost of things that provincial healthcare plans may not pay for, including certain prescription drugs, dental, hospital, vision, paramedical and ambulance services. You can also combine your group benefits plan with a retirement and savings plan to help your employees reach their financial and retirement goals.
Why offer a benefits plan?
Benefits for your employees
· Employees can get coverage at a reduced cost compared to most personal plans
· Help protect your employees and their family’s health
· Help reduce financial stress if something happens
Benefits for your company
· Help improve morale and increase productivity
· Can be less expensive than providing salary increases as there are no additional increases in CPP, EI, or Workers’ Compensation rates
· Premiums paid on group benefits can be written off as a business expense
· Maintain a competitive edge in the job market
· Attract and keep key employees
During this current inflationary period, there is pressure on employees to earn more & for their employers to pay them more to maintain a comfortable cost of living. This gap is a significant challenge to completely address. Offering an employer-sponsored health plan is a preferred option to address this need. With an employer-sponsored plan, employees will save on health premiums vs. an individual plan. Their cost for dental services, prescriptions, medical services & supplies will also be subsidized by the chosen plan.
Our group health plans address the emotional, physical & financial well-being of your valued staff. Our plan providers include available coverage for access to medical practitioners & employee assistance plans.
Contact us for a free consultation to subscribe to a plan that is right for your employees & your circumstances.