What if you’re a small business owner who can’t justify paying the price tag on your own health and dental insurance plan? What do you do? Some advisors pitch Association Group Benefit Plans as the best choice, particularly for small businesses. These plans are set up like traditional
Despite your best efforts to plan ahead, you’ll probably run into a situation where you’d like to update your benefits plan mid-year. Maybe your team is frustrated that your supposed Cadillac of benefits plans isn’t meeting their needs. Or maybe talking to a friend you’ve realized
Group Benefits are a key part of compensation packages for many reasons. They can be used to bring in top talent, retain your amazing team, create a wellness culture, the list goes on. However, that breaks down if your team doesn’t know what their benefits are or how to
The work landscape is ever-evolving. Constantly, trends are coming and going, shifting the priorities of business owners and employees alike. Group Benefits are no strangers to change as the old rigid plans with massive amounts of coverage aren’t cutting it in the eyes of the youngsters joining the workforce.
In the quest to boost employee satisfaction and retention, businesses often resort to traditional methods like salary raises or bonuses. Handing out more money may seem like the obvious choice. However, there's a compelling alternative —Health Spending Accounts (HSAs). HSAs, offering an account for employees' healthcare expenses,
Figuring out group benefits can feel like navigating a labyrinth where you aren’t sure what’s myth and what’s fact. Confusing jargon like “target loss ratio” and “pooling costs” only make it harder. Let's shed light on the puzzling world of group benefits. Debunking myths and
The Benefits Canada Healthcare Survey was released a few weeks ago and you know what that means! We have another reason to talk about trends in the Group Benefits Industry! In this blog, we will be going over findings that we found interesting, informative, and important. How the outlook of
Inflation, wage increases, an economic slowdown, and evolving labour market dynamics are all topics that have been making headlines recently, and their impact is felt across various sectors of the economy. Small businesses in particular are facing mounting challenges as they grapple with the repercussions. If your small business was
Artificial Intelligence (AI) has made a lot of buzz in recent months with the introduction of models like the seemingly all-knowing ChatGPT. We couldn’t help but be curious (and frankly terrified) about what it can do. Like, come on, for all we know our jobs might be at stake
What’s the right amount for HSA contributions? You’ve decided to set up a Health Spending Account (HSA) for your team. Congrats! HSAs are amazing. They give employers (like you) benefits with total transparency and cost control. At the same time, they give plan members (like your team) the
The minimum HSA Select contribution of $3,000/year can be daunting to some folks. "What if I don't use it all?" they ask us. That's a big expense for my business each year. The good news? You don't have to make
Medical expenses pop up for all of us. Whether it’s prescription drugs, dental work, or regular massages, we all take care of our health. There are three different ways you can pay for these expenses if you’re an individual with an incorporated business: * A Health Spending Account (like