Group Benefits Plans

Offering an employee benefit plan is an important step to take in attracting and retaining quality people, staying competitive, and improving employee and company performance.


Providing group benefits:


-Protects the well-being of your employees and their families by helping them manage their health and wellness. It also safeguards against financial problems resulting from large medical and dental expenses.


-Builds and maintains morale and loyalty.


-Is a tax-effective way to compensate your employees. Without insurance benefits, an employee pays for their medical expenses with after-tax dollars.  With a plan, they pay much less out-of-pocket (maybe nothing at all) and if they contribute towards the premium, it is with pre-tax deductions from their paycheque.


-Results in a tax deduction to the employer for premiums they’ve paid.


-Is an excellent way to give extra compensation to employees as opposed to a fully taxed raise.


Group benefits include:


Extended Health Care: drugs, hospital, paramedical practitioners, visioncare, medical supplies, out-of-country emergency travel, etc..)


Dental Insurance: basic, major and restorative & orthodontic coverage


Group Life Insurance: member life, dependant life, accidental death and dismemberment, critical illness


Group Retirement Plans: pension, RRSPs (registered retirement plans and DPSPs (deferred profit sharing plans)


Health Care Spending Accounts : self-funded health and dental plans



If you are considering offering a group benefit plan to your employees, contact us today.