A Health Spending Account (HSA) is a specialized plan for health care spending. It can be an alternative or supplement to a traditional employee group benefits plan.
Articles in Category: Group Benefits
Below you will find Canadian Group Benefit articles from TIMEtoinvest
Do you have an Employee Benefit program in place for your small business? I know you would feel terrible if something happened to you or your employees that impacted your company especially when a plan can cost as little as $5/person/day.
I am asked many times about life insurance with Group Employee Benefit plans versus individual life insurance and whether people need one or the other, or both.
Many employers offer group insurance programs to provide security for their employees, Budget conscious business employers are also looking for where they can get the biggest bang for the buck and an ASO (Administrative Services Only) plan might be for them. In Canada there are basically four different methods of funding benefits:
Agreement benefits group benefit plans
Les Herr CEO of Empire Life explains this giant step forward.
Agreement for Group Benefit PlansThe Canadian life and health insurance industry announced an industry-wide drug pooling agreement to help mitigate the impact of high drug costs on fully insured plans; the agreement ensures the long-term sustainability of group drug plans in the face of increasing costs of high-cost catastrophic drugs.
I always get requests for group employee benefit quotes with the expectation that I can give a quote instantly. Unlike, an individual health benefit or life insurance quote this is unfortunately not the case. The process does take quite a bit longer. Especially if you want to find the insurer that is the best fit for your industry/company.