Longueuil Group Benefit Plan

Longueuil Group Benefits Plan Advantages

Advantages of Providing a Longueuil Group Benefits Plan for your employees

1. Longueuil group benefits plan provides tax-free health insurance to your employees.
2. Your employees and also their families will be protected against financial issues that may arise due to unprecedented health or dental expenses.
3. The employer benefits by providing the Longueuil employee benefits program at a fixed cost and the plan could be automatically administered by an insurance company.
4. The employer or the company will get a tax deduction in every cost associated with the group benefits plan.
5. You can provide extra compensation to your employees with the Longueuil group benefits plan instead of increasing their taxable salary.

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Longueuil Group Benefits Plan Benefits

You can provide a number of benefits to your employees through a Longueuil group benefits plan. Some of these benefits include the following:

1. Life Insurance and Spousal/Dependant Coverage
2. Accidental Death and Dismemberment
3. Prescription Drug Coverage
4. Paramedical Coverage (Chiropractors, Therapists, etc.)
5. Group Pension Plans
6. Group RRSP Plans
7. Short Term Disability
8. Long Term Disability
9. Extended Healthcare/Visioncare
10. Dental Coverage
11. Out-Of-Country Emergency Medical (Travel)
12. Critical Illness Insurance

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Longueuil Group Benefits Plan Package

With the increasing complexity and flexibility of group or employee benefits programs, it is recommended that you hire an experienced professional to help out with setting up such a program. This will help you to prevent the problems of growing liabilities and also avoid steep costs.

Moreover, you also need the service of a broker or a benefits consultant to define a competitive benefits program at a lower cost. The broker or consultant is paid by an insurance company and will be able to offer you the expert service at little or no cost. The service could be necessary for getting relevant data and expert guidance for the best outcome in your benefits investment.

Usually, it would be recommended to obtain at least three proposals before setting them out. This will help you to evaluate the cost and value from several perspectives.

Longueuil Group Benefits Plan Savings

Cost-saving should be taken seriously when creating or designing a Longueuil group benefits plan. Moreover, employers take advantage of a number of strategies to achieve long-term cost-saving goals. These include the following:

1. Including deductibles into the coverage or plan.
2. Sharing the cost of premium between the company and the employee.
3. Considering the level of coverage or co-insurance.
4. Reducing carry-over of unused sick days.
5. Placing a limit or cap on the coverage.

To learn more about the Longueuil group benefits plan, click here.

Longueuil Group Benefits Plan News

Hub International acquired Les Avantages Sociaux Delta Inc, a benefits brokerage based in Quebec, in early 2018. Delta provides support and actuarial services for retirement plans and group insurance and also disability management and human resources.

Delta founder and chairman, d’Eschambault said in a news release that their goal has always been to be a strategic employee benefit and human resources partner for clients since the company was founded over 20 years ago.

He further added that they will gain scale and infrastructure for tremendous growth by joining Hub due to the immense capabilities and additional resources available in Hub. This will allow them to provide more tailored benefits to clients while maintaining their personal approach to administering benefits and retirement plans.

Stephen Blais, the president of Hub Quebec said that the Delta Group has earned a strong reputation in the retirement and employee benefits industry as a result of their relationship and experience with pension plan providers in the country and also their client-centric approach employed to serve hundreds of companies in Canada.

To learn more about the Longueuil group benefits plan, click here.