Group Benefit Plans
Employee Benefits Group Term Life Insurance Alberta
Did you know that many of your employees who are not on a group benefits insurance plan may not otherwise qualify for term life insurance and medical insurance coverage on their own? This is especially true if they have a pre-existing medical condition or are older in age.
By implementing a group benefits insurance program you can grant your employees access to lower cost benefits coverage. We can even help you set up a healthcare spending account for your employees. Our plans are designed for medium sized businesses with 10 or more employees.
This is because Alberta benefits and insurance plans spread the risk of claims across multiple policy holders both in your workplace and outside your workplace.
Ask Us About Group Benefits Plans:
Take Advantage of Group Buying Power
Benefit Strategies Inc., based in Edmonton Alberta, offers group benefits and insurance coverage for Alberta businesses including term life insurance; this is a great way to compensate your employees and obtain tax benefits at the same time.
Help your employees take advantage of group buying power and qualify for a low cost group benefits insurance plan. Whether your business is located in Edmonton, Calgary, Red Deer, Medicine Hat, Grand Prairie, Fort McMurray, or elsewhere in Alberta, we can help strategize, plan, and acquire the right employee benefits package for your workplace.
We also set up employee benefits group term life insurance for businesses throughout Western Canada including the Northwest Territories.
Types of Group Benefits Insurance in Alberta
Employee group insurance spread the financial risk of health related expenses between all employees within the plan, (under one contract) who all pay into a general fund or pool. The terms of the contract between the employer and insurance provider determine how an employee who becomes ill or needs medical services is financially compensated. We can help you design an Edmonton group benefits plan for your workplace with different areas to be insured, including:
Group Term Life Insurance Benefits
For Albertans, a group term life insurance plan is the more popular choice between term life and permanent life insurance. With group term life insurance, Alberta policyholders pay a monthly rate for a certain level of coverage.
The monthly rate expires at the end of the term. Based on your workforce we can help find you great quotes on group term life insurance.
Group Health Insurance Benefits
Group health insurance in Alberta is often the forefront item of discussion when it comes to group benefits insurance for Alberta businesses because it is the most commonly used. All of your employees anticipate needing some kind of prescription medication, dental work, or vision care in their near future.
Each employee is different in their desired level of group health coverage but our benefits advisors in Edmonton can help come up with a flexible group benefits plan for your workplace.
Group Disability Insurance Benefits
Group disability coverage on the other hand is something every employee hopes they will not need to use. Group disability helps cover unexpected events and protect your employees from any financial hardships that may result from accidents. Talk with our Edmonton group benefits brokers to decide on the appropriate level of Alberta disability coverage needed.
If your business has 10 or more employees, our group insurance benefits advisors can show you other areas to consider that can provide customized value to your workforce.
Tax Advantages of Group Benefits Insurance Plans
It often pays to offer your employees benefit incentives rather than monetary incentives! Also, some Alberta business owners and employers neglect to evaluate the full tax benefits of an employee group benefits plan, which can earn you significant savings.
Our employee group benefits providers can perform cost analysis from an accounting perspective to determine the ideal ratio of wage to benefits in your labour expenses.
As an Alberta based business, your contribution to your Alberta employee group critical illness insurance is tax deductible but it is not a taxable benefit for your employees in Alberta.
The benefit to employees is that funds paid out from a group critical illness insurance policy are non-taxable and the funds are paid out immediately to assist the policy holders with funeral expenses and other incurred debt.
Group Benefits – Alberta Service Areas
Our Group Benefits Insurance Consultants are trained to help employers and benefit plan sponsors design and implement group insurance and employee benefits. We act as an independent third party to help find the best insurance company that provides the highest level of value for your company and your employees.
We are a true, Alberta based employee benefits company offering our services across the province of Alberta including:
Edmonton
Operating out of Edmonton, we can offer our group benefits insurance services to Northern Alberta businesses in a very timely manner.
We will gladly meet you on location in any Edmonton area community, including St. Albert, Leduc, Sherwood Park, and Fort Saskatchewan. We also service Northern Alberta including Grand Prairie and Fort McMurray.
Red Deer
Regardless of the size of your company, our mobile group benefit brokers would be happy to meet you in the Red Deer area including Innisfail, Rocky Mountain House, or any other Central Alberta community.
Schedule a group benefits consultation appointment today to discuss your workplace’s benefits needs, benefit tax implications, and to develop a winning strategy that is both cost-effective for you and rewarding for your employees.
Calgary
Our group benefits insurance brokers already service many business owners in and around Calgary and Southern Alberta including the surrounding communities of Airdrie, Cochrane, Okotoks, Medicine Hat, and Lethbridge.
We’d be glad to meet with you about designing a unique group benefits plan that meets the exact requirements of your workplace. Our attention to cost containment and long term sustainable benefit strategies set us apart from your local group benefits advisors.
Ask Us About Group Benefits in Alberta
Edmonton based Benefit Strategies Inc. offers a wide range of group benefits insurance services and consulting services to business throughout Alberta with 10 or more employees. Our employee benefits brokers are business specialists capable of servicing businesses throughout Western Canada and the Northwest Territories.
We work with all the major Canadian based insurance and employee benefits providers, including, but not limited to:
| Sun Life Financial | Blue Cross |
| Manulife Financial | Encore Insurance Group |
| Great-West Life | Benefits by Design |
| RBC Insurance | Claims Secure |
| Empire Life |
Our group benefits insurance brokers can provide benchmarking to compare your group benefits plan against other employers in the industry and submit your plan specifications to other insurers in the marketplace including Third Party Administrators (TPAs).
Call us at 780-437-5070 or send us an email for more information.
Start Your Benefit Plan Today
Attract and retain top talent with a brilliant benefit strategy. Fill out the form below for a free consultation. We will contact you within one business day to discuss your needs.
Our group benefit plans are designed for medium-sized businesses with 10 or more employees.
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