Group Benefits Planning

Frequently Asked Questions

• Are the premiums I pay tax-deductible?

  Yes, premiums paid to a group benefits plan are a tax-deductible expense.

• Aren’t group benefit plans very expensive?

  They don’t have to be. We can discuss many less expensive options, such as a Health Spending Account (HSA) or a Wellness Spending Account (WSA), to attract talented employees. HSA and WSA accounts can also be incorporated into a traditional plan to reduce overall premiums.

• What if some of my employees can’t pass a medical?

  In many cases, a group benefit plan includes a Non-Evidence Maximum (NEM). This guarantees that every employee will be covered without asking any medical questions. Speak to us to understand more.

• What if I don’t want every employee to have the same plan design?

  If your company has a mix of executives, managers and general labour, we can design a specific class of employees and tailor a benefit package that meets the needs of all employees while staying within your budget. Ask us to help you design one.