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The Magic Number for Retirement Savings

With less job security, a higher cost of living, and fewer employers offering Defined Benefit retirement plans than ever, it is little surprise that people are less confident about their retirement savings. While Canadians are afforded a modest pension through the Canada Pension Plan (CPP), the amount is often far from enough to cover living […]

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Do You Have These Types Of Fraudulent Claims On Your Benefits Plan?

The impact of fraud on benefit plans has screamed onto the income statements of employers, and in turn onto the pay checks of employees. Premiums are being driven up all across the country by employees and organizations who are running fraudulent claims through their private benefit plans. In this post I will focus on the […]

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Why Do My Rates Go Up After The First Renewal With A New Carrier?

Have you moved your benefit plan to a new carrier for better pricing, maybe even for enhanced benefits with a cheaper “intitial” premium? If so, chances are you may have had to go through the ensuing “tough” first renewal (increase of 20-50%) with the new carrier. In these scenarios we are finding that companies are not […]

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Focus on Benefits – The Value of Vision Care

Vision Care is a fairly inexpensive benefit. Although the monetary return on investment can be marginal, it can be an excellent addition to your plan if your employees truly see value in it. Another option is to provide vision coverage as well as a host of other benefits through a Health Spending Account.

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Focus on Benefits – Maximize your value through an AOR

An agent of record is the form that you, an employer with a group benefit program, uses to appoint the right resources to serve you best. This video explains what this direction means to you and the person / agency you have selected to help you.  

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Focus on Benefits – How Much Do I Need to Save in Order to Change Insurers?

With the recent slowdown in the Alberta marketplace, more employers are looking at every possible angle to save a dollar. Many insurers capitalize on this by “massaging” the numbers to present a good front for the first year of a new plan, followed by a very messy subsequent year. This leads to the question of […]

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Focus on Benefits – Trends Affecting Your Business

Allan Friesen explains three important trends that may impact your business. These trends include the starting date for EI Sick leave benefits, Flexible work arrangements, and Workers Compensation Board practice changes.

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Dispensing Fees Alberta – Spring 2016

Prescription drug claims have a direct impact on the cost of your group benefits plan. Simply put, your group insurance plan costs increase when paid claims increase. Therefore, it makes sense that we purchase wisely. Not all pharmacies charge the same dispensing fee and by promoting the pharmacies with the lowest fees to your employees, […]

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How Bill 6 may affect Farmers and Ranchers with Existing Benefit Plans.

During the “consulting” phase of Bill 6, many farmers and ranchers commented that they already have private disability coverage in place. These farmers and ranchers had hoped that they would be able to “opt-out” of WCB. At the session I was at, Government officials made it clear there would be no opt-out. But, if you […]

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Alberta’s Dispensing Fees – Spring 2015

Prescription drug claims have a direct impact on the cost of your group benefits plan. Simply put, your group insurance plan costs increase when paid claims increase. Therefore, it makes sense that we purchase wisely. Not all pharmacies charge the same dispensing fee and by promoting the pharmacies with the lowest fees to your employees, […]

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