MP Benefits Perspective

What could be better than sliced bread? The toaster that came first. The first iteration of Artificial Intelligence may have been running water and then electricity, moving homes from the unsafe illumination of fire and gas, to incandesce. While we may take both...

Consulting

Succession Planning for Advisors

When considering an exit plan, it is important to remember the journey. The ups and downs. The perseverance and tenacity to be leaders amongst your peers. These stats may resonate: · 20% of new businesses don’t survive their first year. · 30% of these will...

The “Ah-Ha” moments

Benefit Plan administrators know it is not uncommon to request the benefit plan enrolment information from employees, only to be declined or delayed in getting the expected paperwork or on-line enrolment completed. Employees will refuse coverage, often stating they...

Expectations on Fraud

Attending an understanding of benefit fraud to work toward recognition and prevention, offered through Sun Life Financial, the speaker used an apt example to explain how fraud happens. During the annual parade of costumed children on Halloween, many households now use...

Benefits

Disability Insurance

Does your benefits package align with YOUR business strategy, culture, and compensation. When expenses outweigh income potential If you are fortunate enough to be a member of an employer-sponsored group benefits plan, you are no doubt familiar with the extended health...

Undeclared

… incomplete and inaccurate … lack of disclosure We’re not alone in stating that loss of a loved one is tragic, made all the more acute when due to a clerical error or undisclosed pertinent information, the expected insurance is no longer payable. Too often the...

Balancing Act

Whenever there is an employee group benefit program in place, corporate ownership and plan administration must always weight the pros and cons. Typically the cost of providing a benefit to the return on that investment. This runs into a bit of a looped narrative as...

Compensation

The Legalities of Employee Benefits

Let’s me start by stating MP Benefits Inc. is not a law firm, nor are we lawyers. Our insights are gained through observation, related readings, and experiences. Even the most common of situations can create a liability issue for a well-meaning business owner. There...

Death and Taxes

If there’s one thing to know about benefits: It’s all about DEATH & TAXES That’s right. A well-rounded, well-balanced plan will take in account the requirements for the needs of insurance at death, as well as covering off the other “risk” factors: Risk of loss of...

Disability and COVID-19

The following information is relevant and accurate according to the information received at the time of distribution. Always consult with your benefit policy and insurance carrier for any deviations for specific coverages Recovered employees returning to work...

Culture

When Culture gets Flushed Away

Okay, I have to share this, but if you are eating, don’t read on … I’ve had to get quite a bit of dental work done lately to replace decades-old fillings. Due to these experiences as a child, I am one of those patience with some anxiety prior to sitting in the...

The Drip

Culture Imagine the relaxing jets of water from a lovely shower head, warm on a cold day. Imagine one of the jets out of line and a small drop of icy water drips onto your head. Even amongst the warm water, this one drop is felt and disturbs the enjoyment of the...

Communication

However we view communication, whether it be with clients, family members, on social media, with an audience, our teammates, etc. it comes down to considering the messaging, targeting the audience, and knowing what outcome we want to achieve. For communication to be...

Wellness

Employee Assistance Program (EAP)

Prior to March 2020, more than 30% of all disability claims in Canada were mental health-related. Even with such staggering figures, and despite EAP programs having been around for decades, employer’s response to implementing Employee Assistance Programs remained a...

Working Boundaries

Is building a “Workplace Wellness Culture” even possible when these are three separate and distinct entities of being? Wellness, for instance, is defined as an active process of becoming aware of and making choices toward a healthy and fulfilling life. According to...

Working Challenges

Seems like the whole world is tired and the news never changes. AND, we’re not done yet. Cultivating resilience in the workplace may require some emotional rewiring, accessing outside help, like your employee assistance plan, and being creative in the strategic...