Category Archives: Employee Benefits

Managing Employee Absences with an EFAP

Managing employee absences with an EFAP (Employee & Family Assistance Program) can reduce the cost associated with unplanned absences. People miss work for a variety of reasons, whatever the cause of the absence, it is a major cost to employers across Canada. According to several studies, the cost of unscheduled absences is around $3600 per…
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Factors that Increase the Cost of a BC Employee Benefits Plan

It’s important to identify the unknown factors that increase the cost of a BC employee benefits plan, so you can properly educate your employees on how to effectively use the plan. Excessive claims can result in an increase in your premium when it comes time to renew your plan. We wanted to identify a few…
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How Far does Your Dollar Go Inside a Standard Employee Benefit Plan?

Many business owner that are facing an increase in premiums might consider shopping their plan to a new provider. It is easy to fall for an enticing offer of a lower premium from another provider, which is not necessarily a bad thing. But how far does your dollar go inside a standard employee benefit plan?…
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Preparing your Business for the Legalization of Marijuana in BC

Recreational marijuana is set to become legal across Canada next summer, leaving employers a limited time to prepare for the coming changes. Preparing your business for the legalization of marijuana in BC is important with the Cannabis Act expected to take effect. Officially this Act is supposed to come into force on July 1st, 2018,…
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When Should You Review Your Group Benefits Plan?

There are many reasons to review your group benefits plan, including both the plan itself and its provider. While it is tempting to stick with an old plan that you have had for many years, reviewing your offering can take as little as an hour of your time and can result in cost savings, better…
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What you need to know about Group Travel Insurance in BC

Group travel insurance in BC is often an important component of your overall group benefits package. Employees are your most important asset, and ensuring they are protected while traveling is sound asset management. That and it can be an enticing feature for your overall compensation offer. We have all heard the horror stories of someone…
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Coordinating Multiple Group Benefit Plans

If you and your spouse both have health coverage from different employers, you can combine the coverage to get 100% of your expenses covered. Coordinating multiple group benefit plans can save much of the out-of-pocket expenses related to health care costs in Canada. This is called coordination of benefits (COB) and is sound financial strategy…
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Employee Benefits Administration – The Cost of Doing it Wrong

Employee benefits administration is the facilitation of all paperwork required to properly set-up your new employees, make changes to existing employees or to remove former staff. Often this step is either overlooked or poorly managed. At DENT, we blame poor administration on your current provider not educating you (or your designated administrator) on the basic…
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Stop Taxation of Private Health and Dental Benefits!

DENT Benefits is reaching out to make sure all business owners in our network are aware of an important issue facing the group benefits industry. The federal government is considering new laws concerning the taxation of private health and dental benefits. This change will affect every one with a health and dental benefits plan, from…
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New Year’s Resolutions for your Business

Welcome to the year 2017! 2016 was a tough year for many business owners, with a struggling global economy, civil unrest and major political changes. However, we prefer to focus on the positive and moving forward we have compiled a list of New Year’s resolutions for your business. You can add these to your list…
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