Private Health Insurance: Understanding your options
Private Health Insurance: Understanding your options As Ontarians, we’re lucky to have a world class provincial healthcare system in place. But it’s no secret that there are gaps in OHIP coverage that can result in significant out of pocket expenses. The cost of prescription drugs, vision care, registered therapists and dental care can really add […]
The Employee Experience Part I: Onboarding, Culture and Benefits
We all know that from a human resources standpoint, it makes good sense to take good care of your employees. But have you ever considered the economic impact in fostering a positive employee experience? An essential resource and economic driver of your business, employees should be treated as critical stakeholders in both public and private […]
How To Easily Offer Your Employees A Wellness Benefits Program
Large companies aren’t the only ones that can provide their staff with a Wellness program. According to a recent (2017) Sanofi Health Survey, wellness and illness prevention are top priorities for employers. Let the Chambers Plan provide you with the resources to provide your staff with wellness options regardless of the size of your organization. […]
OHIP + – Here and Gone
On April 1st, 2019, the Ontario provincial government shifted their focus of OHIP+ benefits to prioritize youth without a private plan. Ontarians aged 24 and under who are insured under a private drug benefit plan are no longer eligible for medication coverage through OHIP+. Those without access to private coverage will continue to be OHIP+ insured […]
It’s All About Caring
There are many reasons that employers provide their staff with employee benefits. Employee retention is higher and recruitment easier. It’s typically tax advantageous with health and dental premiums not being taxable benefits to employees. The reality is when we talk to business owners there is a sense of caring. They want to look after their […]
Two important tips you must know about Employee Benefits Taxation!
Are employer paid premiums taxable to the employee? Employer paid premiums for any of the benefits listed below are considered a taxable benefit to the employee. Life Insurance Dependent Life Insurance Accidental Death & Dismemberment Critical Illness Insurance To account for this taxable benefit, any premiums paid by the employer must be added to the employee’s income. This […]
Benefit Plans Rates That Are Stable And Predictable
Small and mid-sized business owners face a lot of uncertainty and don`t need that to include their employee benefits plan. A local Chambers Plan advisor can help show why the Chambers Plan is the number one plan for businesses seeking stability in their benefit plan. Why should this be a concern? First, inflationary factors can […]
How Does your Benefits Plan Measure Up?
How Does your Benefits Plan Measure Up? Employers, did you know that plan design features can be a strategic way to control cost for the future? Possible ROIs include increase in employee productivity and engagement, as well attracting and retaining talent for small businesses (employers with less than 50 employees). A recent report published by […]
Cannabis is legal. Is it covered?
Cannabis is legal. Is it covered? Well, as you’ve probably heard, the much-anticipated date of October 17th has come and gone, and recreational marijuana is now legal in Canada! Many of our clients have been asking us, what impact does this have on employee benefits plans? Traditional Benefits Plans A few insurance companies in the benefits […]
Top 5 Tips to Eat Healthy at the Office and on the Road
Between balancing a career, family, extra curriculars and trying to fit in some semblance of a social life, the day to day grind can be brutal. The struggle to stay on top of everything is so real, and so often comes at the expense of our self care and ability to balance a healthy diet […]