The 11 Key Elements that an Association Benefit Plan should provide its MembershiP

Association Benefit Plan

When does an Association benefit plan make sense? In short, the answer should always be. However, this is seldom the case.  Many companies have experienced that there’s a premium to work through an Association benefit plan. Many companies have experienced high administration fees, one-size-fits-all approach, limited service capabilities, ineffective regional coverage and limited supporting technology platforms. Many feel it is great … Read More

How Much Should I Budget for my First Employee Benefits Plan?

benefit plan cost

So you’re challenged to get the best employees because you don’t offer a benefit plan.  You run the risk of losing a valuable employee because you don’t have a benefit plan. You want to offer security to employees, but you don’t want to jeopardize your company’s bottom line in the process. What will a benefit plan cost my business? Whatever is … Read More

How Work-Life Balance Programs Help to Attract Top Talent

work life programs

Things are changing in the corporate world. These days, employers are starting to recognize the importance of encouraging a work-life balance among their employees. And, in today’s competitive job market, family-friendly work environments are becoming all the rage – for a good reason. Research has demonstrated that over-worked, stressed-out employees who are having difficulty balancing work and other life commitments … Read More

Is Your Benefits Advisor Performing these 11 Key Roles for You?

Role of the benefit advisor

what I experienced something in the last few days that embarrassed me as a Benefits Advisor.  As much as there are many credible professionals within the benefits business, there are more than our fair share of brokers/advisors that are greedy, lazy and bring no value to their clients.  Like in any industry, there will always be a few bad eggs.  So … Read More

How Can Your Benefits Plan Benefit From a Third Party Administrator?

why use a TPA

A prospective client asked me recently ‘why use a Third Party Administrator?’  I thought this was a blog-worthy item of interest and write about it this week as this is not the first time I’ve been asked this question. First of all, it’s important to understand what a TPA is all about and what role do they fulfil within the … Read More

Wondering What it Takes to Stop Changing Benefit Providers Every Year?

Managing Group Benefit Costs

Over the past couple of decades, employee benefits have increased in importance and have become a critical part of employee compensation programs. Employees are using their dental, prescription drug, paramedical and vision coverage at record levels. 3 major factors contributing to the increases in benefits costs are: Ageing – As we get older, we use more health care products and … Read More

Is Your Company Benefits Plan In The Wrong Benefit Funding Model?

Benefit Funding Model

When you’re looking at your employee benefit plan, it’s important in understanding the benefit funding model available to you. First of all, you need to understand what a funding model is as it relates to your employee benefit plan. For our purposes, we will focus on the options most readily available.  Many benefits brokers don’t offer options on funding models. Sometimes … Read More