HSA Select and your cash flow
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
Blendable
How should you pay for medical expenses?
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
The history of Group Benefits
Although for decades Group Benefits have been an essential part of compensation for Canadians, not many know their history. It’s about time we told the whirlwind tale of Group Benefits, from its humble beginnings and exciting revelations the digital era brought us, all the way to how the workforce
What are my Group Benefits costs going to be next year?
Are you wondering what your Group Benefits costs will be for the upcoming year? If so, you're not alone. We get this question all the time. Many Plan Sponsors with premium-based plans are concerned about the unpredictability of their costs. In this blog post, we’ll explore the
What happens if I get sick?
“What happens when someone gets really sick?” It’s the number one question we get once we start talking about how Health Spending Accounts (HSAs) can take care of life’s expected medical expenses. We’re the first to admit, HSAs are not designed to cover the high costs that
Is "skin in the game" really the answer?
When it comes to group benefits, we're all looking for ways to save money and control costs without sacrificing our team’s coverage. However, these shortcuts tend to provide a Band-Aid solution that damages the plan’s integrity. The concept of "skin in the game", is
How to read a renewal report
What is a renewal report? Have you ever been hit with a renewal report and all you can do is look at it overwhelmed while you’re being told you will be paying more in premiums, without an explanation as to why? Well, today’s blog will help you understand
The benefits background cost
Premium-based benefits plans promise they will provide you and your team with “real value” when it comes to your plan. What you’re really getting is a plan that provides a perception of value and comes with a recurring cost that you end up paying “just in case.” The streaming
Benefits are compensation
Cultural shifts such as Quiet Quitting and The Great Resignation have adjusted how employees and employers think about their compensation. Previously, pay was the first, if not only, consideration. Benefits were nice to have but weren’t always given much thought. Nowadays, salary isn't the only part of
What is Quiet Quitting?
Minimum pay equals minimum effort, act your wage, no time for overtime – these are some popular mindsets making headlines in today's workplaces. Employees are clocking in at 9 am, only following duties laid out in their job descriptions, and clocking out at 5 pm – not a minute later.
What's the difference between benefit plans?
Benefits this, benefits that, what’s the difference? In an industry full of jargon, clearly explaining benefits features is super-important. Whether differentiating between cost-plus and spending accounts or explaining how premiums rise and rarely ever fall, it’s a tough job to make sure it’s as digestible as possible.
The wonderful world of drug coverage
What’s top of mind when we present our benefit solutions? Drug coverage. Whether it’s how drugs are covered under Blendable benefits, or what other options exist to help with costs, drug questions are always part of the conversation. And you know what, we love getting them! It gives