MP Benefits Perspective

Very often, we as brokers, are asked “why”, if an employee doesn’t want to pay their portion of the premium or simply don’t want the coverage, do they have to participate on the group benefit plan? In striving to make comparisons easily understood by plan...

What YOU hate about benefits

As an employee benefit broker, I know the number one thing customers HATE about benefits: PAYING FOR THEM In a recent informal survey, respondents—employees and employers alike—outlined their main complaints about benefits: Rates Lack of coverage Wait times for...

There is NO secret sauce

MP Benefits has been around for a long time…and in all that time, I can say I know of no “secret sauce” to what we do. Being focused on employee experience, abiding by the employer’s need for cost certainty, transparency, and open communication, means creating benefit...

Benefits

The Right Fit

Never “Set it and Leave it” Benefits is a high touch insurance offering…never a set and leave it proposition. From the initial conversation about the value and purpose to the on-going support, a consultant needs to be there for: claims questions, issues and resolution...

Hiring and Benefits, Ten Quick Questions

Every business owner will have their own reasons for wanting a benefit plan. It could be holistic to take care of employees, providing protection of health and wealth. It could be because there are specific needs which require coverage, or it could be as part of the...

How COVID-19 continues to drive health care costs

What is on the horizon for health care costs? While we are aware of the economic impact of the pandemic, it is also important to look to the future to see how the pandemic will continue to drive costs, especially on a company’s employee group benefit plan. According...

Compensation

The impact of reduced employee participation and the Renewal

For the last two years, employers have been left holding the bag, as it were, for employees no longer covered under a benefit plan. Though it is true, fewer employees on a benefit plan reduces the premium costs. But what about the impact of this reduction at renewal...

What Employees Expect

It is no secret, employee group benefit plans provide a substantial financial advantage to employees who benefit per their own workplace or via a spousal program. Though offering benefits is not legally required of employers, according to a 2016 Sun Life Financial...

Flexible Benefits

It is very difficult to a benefit plan to suit “everyone’s” needs as well as satisfy their wants. A plan that not only appeals to the employees but is within the right price index to meet the requirements of the employer AND be sustainable over the long term. Let’s...

Culture

The Post Pandemic Dopamine Rush

A lot is being written about getting people "back" to work, as though the actual labour and productivity in most cases ever stopped. Yes, some areas of the economy did have stoppage, but for the most part, we managed a work around. It seems though that the real...

What does the future hold for Employee Retention?

As we have circled the calendar of this pandemic, employee surveys suggest one in four Canadian professionals are considering a career change. Morneau Shepell’s Mental Health Index™ report shows a worsening of psychological health, an increase in employment...

Building Trust through Benefits

There is no “right” or “wrong” answers, but there is trust. Only the business owner and their human resource team knows their staff and the needs that “fit” within that organization structure. But when it comes to benefits, many overlook the essence of TRUST....