Category Archives: Employee Benefits

How can Your Business be Competitive in BC’s Job Market?

How can your business be competitive in BC’s job market? It is probably a question you have asked yourself while reading about the newest tech start up that features a plethora of incentives to entice young Millennials. You have likely heard about the nap rooms, fully stocked bars, basketball courts, endless vacations, etc. But realistically,…
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BC Group Benefit Plans Frequently Asked Questions

There are a number of BC group benefit plans frequently asked questions that we come across all the time. Here is a quick reference for you if you have questions about group benefits or employee health insurance in general. How are costs shared between the employer and employees? You as the employer decide how the…
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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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