Competitive Employee Benefits Package Options for Alberta Business Owners
Group benefits services – the best selection of competitive employee benefits packages in Edmonton through Benefit Strategies Inc., your complete source for innovative employee benefits information and consulting.
Our Edmonton based employee benefits company services businesses in Edmonton and throughout Alberta including Calgary, Red Deer, Medicine Hat, Lethbridge, Fort McMurray and Grand Prairie. We can design a highly valuable and strategic employee benefits package for you also.
With the help of Benefit Strategies Inc., you will be able to offer your employees the benefit programs and coverage they know and prefer. If you are a business in Alberta with 10 or more employees, you need to protect one of your most valuable assets – the people who make your business successful.
There are three major advantages that a competitive employee benefits package can provide to your business to help attract experienced employees while still controlling your costs:
- Competitive Edge in Job Market – Attractive employee benefits packages help attract and retain top employees, minimizing cost of high turnover.
- Access to Insurance at a Reduced Cost – Group employee benefits packages are non-discriminatory and offer all participants the same benefit plan and rates.
- Tax Effective Form of Compensation – Health and dental benefit package expenses can be paid out of “before tax” income and are tax deductible as a business expense.
Group Benefits Term Life Insurance
Did you know that many of your employees who are not on a group benefits 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 program you can grant your employees access to lower cost benefits coverage.
This is because Alberta group benefits and insurance plans spread the risk of claims across multiple policyholders both in your workplace and outside your workplace.
Types of Group Insurance Benefits in Alberta
Group Term Life Insurance Benefits
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
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 group insurance benefit advisers can help come up with a flexible group benefits plan for your workplace.
Group Disability Insurance Benefits
Group disability helps cover unexpected events and protect your employees from any financial hardship that may result from accidents. Talk with our Edmonton group benefits brokers to decide on the appropriate level of Alberta disability coverage needed.
Designing Your Employee Benefits Plan
All our employee benefits planning and design tasks are based on your company’s needs, with our specialists acting as business consultants. We personalize our executive benefits solutions and employee benefits planning and design services to focus in on the critical issues that must be addressed.
Before seeking employee benefit quotes from various providers in Alberta our planners will first methodically map out the best approach for your company. To facilitate the design of your employee benefits plan we conduct:
- Goal Assessment
Evaluate short and long term goals for your benefits plan.
- Demographic Analysis
Collect relevant information related to employee demographic composition.
Compare your proposed employee benefits plan design to other employers within your industry.
- Benefit Audits
Conduct a value analysis of the financial cost/ benefit of different plan designs.
- Financial Analysis
Review your previous plans’ financial performance and funding arrangements plus develop innovative plan design alternatives.
Once the right employee benefits plan is chosen we will help you implement the plan within your workplace and handle all the administration activities involved with claims.
For information on how group benefits in Canada are changing, read this recent article by Benefits Canada entitled, 2019 Group Benefits Providers Report: How Digital Health Is Affecting the Benefits Industry.