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...
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...
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...
Two-tier heath care…buzz words for any news story talking about the ever increasing costs of providing health care in Canada. Whenever I hear the words two-tier health care, it seems like there is always a lot of opposition to the concept, equating two-tier health to...
The employee doesn’t want to be part of the benefit plan. They have coverage elsewhere.” Can employee’s waive off benefits whenthey have alternate coverage? Yes, but not ALL coverage. On a typical benefit plan, an employee MUST be enrolled for the Life, AD&D,...
Rules and protocol vary from provider to provider, which often leads to confusion when there is a maternity, leave-of-absence or reinstatement, but below are some general guidelines. Terminations: The date an employee is no longer active, (via termination or layoff)...
