Northwest Territories Employee Benefits Program

NWT Employee Benefits Program Advantages

The advantages of providing a Northwest Territories Group Benefit Plan for your employees:

1. With Northwest Territories employee benefits program, you can protect your employees and their family members against financial issues that could arise due to unexpected health and dental expenses.
2. Instead of paying medical expenses with after-tax dollars, your employees will benefit from receiving tax-free health coverage.
3. Rather than increasing the taxable salary of your valuable employees, you can provide them with Northwest Territories group benefit plan as an alternative extra compensation.
4. For all costs associated with the group benefits plan, the employer will get a tax deduction.
5. The plan is automatically administered by an insurance company and the employer benefits by providing the Northwest Territories employee benefits program at a fixed cost.

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NWT Employee Benefits Program Benefits

Employers in Northwest Territories provide several benefits to their employees through employee benefits programs. Some of these benefits are as follows:

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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NWT Employee Benefits Program Package

Employee benefits programs are becoming increasingly complex. Employers need to seek the help of experienced professionals such as brokers or benefits consultants when setting up such a program. This will help you to avoid running into the problem of growing liabilities or steep costs.

Brokers or benefits consultants are highly experienced in employee benefits programs. They can provide you with relevant data as well as expert guidance that will help you to make the most of your benefits investment. Furthermore, brokers are paid by their insurance companies and could be willing to offer you their service at little or no cost.

It is highly recommended to obtain up to three proposals in order to access the cost and value from various perspectives for the best outcome.

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NWT Employee Benefits Program Savings

Employers in Northwest Territories should factor in cost-saving measures when designing the Northwest Territories employee benefits program. These cost-saving measures include the following:

1. Capping or placing a limit on the coverage amount.
2. Minimizing carry-over of unused sick days.
3. Sharing the cost of premiums between the employer and the employees.
4. Considering the level of coverage or co-insurance.
5. Adding deductibles into the insurance coverage.

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NWT Employee Benefits Program News

In a bid to improve access to the services offered by Service Canada through the Government of Northwest Territories’ (GNWT) Single Window Service Centers in the communities of Délı̨nę, Fort Resolution, and Behchokǫ̀, the Government of Canada have expanded their partnership with the GNWT.

This came after the success of a 12-month service delivery pilot which was implemented in January 2017. During the service delivery pilot, employees of GNWT provided in-person services for Service Canada in Fort Liard, Tuktoyaktuk, and Fort Providence communities. As a result of the expansion, a total of six communities will enjoy improved services.

People living close to these communities can get information about the Government of Canada programs and services as well as assistance for programs through the partnership. These programs include the Canada Pension Plan, Apprenticeship Grants, Employment Insurance, Old Age Security, the Wage Earner Protection Program, and so forth.

The Honorable Jean-Yves Duclos, Minister of Families, Children and Social Development, said that the Government of Canada, through the collaboration with the Government of Northwest Territories is doing its best to support communities in remote areas and provide improved services to Canadians living in the North.

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