The Helpful Benefits of Small Business Group Health Plans

Written by admin. Posted in Employee benefits insurance, Employee benefits services, Employee health insurance

Insurance employee benefits

Did you know that Canadian health care is delivered through a public system that is funded mainly from income taxes? However, approximately 30% of health expenditures come from private sources, such as out-of-pocket payments. Fortunately, many Canadian employers choose to provide their employees with small business group health plans, which can be helpful to employees and employers in a variety of ways.

Small business employee benefit solutions can be implemented in four simple steps. First, the employee health premium is unbundled from the life and disability premiums. Then, the new administration cost is subtracted from the health benefit premium dollars of the current year. After the level of high-deductible insurance is determined, the remaining funds are distributed to the tax-free health