Pondering the question: “Why do my benefit plan costs keep going up?” We’ve got answers. If you’ve walked away from your renewal meeting scratching your head at the rate adjustment, you’re unfortunately not alone. Many advisors don’t do a great job explaining a rate change, and the math used by insurers can be quite (unnecessarily!) […]
Category: Employee Benefits Plans
Check to Ensure your Benefits Quote is Actually for a Comparable Plan
5 Key Areas to Check to Ensure your Benefits Quote is Actually for a Comparable Plan Inflation is on everyone’s mind; wherever you look, prices are rising. Unfortunately, benefit plans are not exempt from this. When the cost of dentist visits, medical items and procedures goes up, the result is often higher claims. This can […]
Top 8 FAQs for Business Owners when Implementing an Employee Benefits Plan
By Howard Cheung, Account Executive, Immix Group: An Employee Benefits Company 1. How much does it cost to provide Employee Benefits? Cost is often first thing that comes to mind when considering employee benefits. How much to budget, per employee, and what does this cover? Without an existing benefits program or past claims experience, insurers use […]
Hybrid Traditional + Flexible Employee Benefits: A Sample Design for SMBs
By Howard Cheung, Account Executive, Immix Group: An Employee Benefits Company You are a small or mid-size business. You want affordable employee benefits with costs that you partially control – while having peace of mind that you can provide for unexpected health/drug claims. Read on! This article might just be the benefits blueprint you’re looking […]
Market Update: Stay Calm, Stay the Course
By Anthony Ciccone, President A message from Anthony Ciccone, President Many of you are feeling concerned about the unprecedented events we are experiencing, and specifically, the severe impact on the financial markets. Three months ago, no one knew what COVID-19 was; now it is impacting everyone. This is uncomfortable; we are all feeling the angst. The […]
BC’s Medical Services Plan: What is MSP – and what does it have to do with your benefits plan?
This blog is from 2017, and due to legislative changes in BC, MSP employer payments were cancelled. Please read more here: https://www2.gov.bc.ca/gov/content/health/health-drug-coverage/msp/bc-residents/premiums ———————————— By Katie Wray, Immix Group / March 30, 2017 The three certainties that come along with living in British Columbia: death, taxes – and Medical Services Plan (MSP) premium increases. Prior to joining Immix […]
Conversion Plans- Individual Health Care & Dental Plans
By Lindsay Davis, Vice President, Immix Group | Feb 03, 2016 Help ensure individuals do not lose coverage between jobs and in retirement When changing employers, leaving a company, or retiring from the workforce, considering healthcare and dental costs and options can be stressful for many people. A gap in health and dental coverage can […]
Generic Drugs: Fact vs. Fiction
By Katie Wray, Immix Group Nov 15, 2015 Discussions surrounding prescription drugs tend to take up a large part of any employee benefits renewal meeting. On average, for a typical Canadian small business, prescription drug claims make up 50-70% of the extended health care claims in any given renewal year. Over the past few years, we […]
Emergency travel: The hidden insurance in benefit plans
By Katie Wray, Immix Group Did you know that most benefits plans include emergency travel insurance? Most clients and their employees either don’t know of this hidden benefit, or they’ve forgotten it. And, if they do happen to remember it, they probably don’t realize just how extensive their emergency coverage is for travel outside the province […]