MP Benefits Perspective
Since 2001, MP Benefits Inc. has operated as an independent group benefit consultant, specializing in designing strategic employee group benefit plans to align with the corporate, compensation, culture, and wellness policies of each corporation.
Productivity
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Consulting
The Grass is always greener? Maybe … Maybe Not.
Where’s the empirical data which shows the savings over the long term? Spring is in the air and we’re seeing new growth everywhere. A brightness after those long grey months of winter. With the change of season, so too comes the look on the other side of the fence...
Sometimes Benefits + Employees = Legal Liabilities
Being prepared in advance is often the key mitigator Without proper forethought and effective policies in place, it only takes one incident to really put a business in jeopardy both financially and loss of reputation (and therefore their customer base). ARAG Legal...
Knowledge Transfer
Goes around, comes around… Effective communication is not a “soft” skill, but an absolute must in all areas of business. From pitching our product or service to potential customers, to working with centres of influence, to building a referral network, hiring staff and...
Benefits
Passing the “Benefit” Buck
The “Ace” in your benefit plan Did you ever play the card game “Pass the Ace” as a child? You get one card and three chances to NOT be left with the Ace at the end of the hand. Those who get the ace too often are bumped from the game until only one remains. It’s not a...
Prevention Tactics
Benefit Plan Audits Employee benefit plans, like other business cogs, can be taken advantage of via fraud or other forms of mismanagement. A benefits plan audit can help employers minimize this risk and ensure the plan is on track to remain sustainable. Some...
What’s the financial impact of the benefit plan to the employees?
Reviewing the numbers When evaluating claims usage on a benefit package, has your consultant ever measured the difference between what has been submitted, compared to what was actually eligible under the terms of the benefit coverage contract, and then to finally what...
Compensation
Waiting Periods
If there is one on-going, rampant issue which plagues employers, employees, insurance underwriters and benefit broker/consultants alike, it would be employee “waiting periods” for coverage. In the contract for coverage with an insured underwriter, the question is...
Refusal of Coverage
To continue with the theme of employer risk of becoming the insurer, let’s consider all the times employees want to waive off the life and disability portion of the plan. A common and misunderstood administration issue is what can and cannot be waived as it applies to...
The Unique Differential
Recently business discussions have delved into the deeper “why”. Why do we do what we do? Start with the why, rather than the what and how. Makes sense really, we’re in business for a reason…why are we motivated to do what we do… Simon Sinek’s book “Start with Why” is...
Culture
Sesame Street
Stepping back into childhood and the lessons learned from Big Bird. “Come and playEverything’s A-OKFriendly neighbors there That’s where we meet…” It would be hard to find someone not able to finish the lyrics. Launched in 1969, the creators of Sesame Street...
The Little Vision that could—and DID
Inspiration happens when you allow yourself to “see” things through a different lens. Just when you think you know a place… Vision is sticking to the dream to make it a goal, then a reality, and a triumph over the long term. There is no overnight success…...
Hire to Retire…
It’s an old concept. Can it be made new again? By and large, the baby boomers, in their effort to rebuild and re-establish “normal” went to work for a company with intention of staying with the same corporate enterprise until retirement. What an idea! Many understood...
Wellness
Protection of Wealth
I’m a firm believer that if you set yourself on the right path, you will meet the right people to help you succeed. From this, I remember that with every interaction, I should be able glean a nugget which will help me personally, professionally, or both. This, I am...
Building a workplace wellness culture
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...
Employee Assistance Programs (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...