When selecting a benefits provider, ensuring the right match for your organization is essential. When it comes to the benefits offering, as we’ve spoken about before, ‘one size fits all’ is not an ideal approach to take. Different insurance carriers have various strengths and weaknesses. But what is the right match? What are the important […]
Category: Employee Benefits
Expanding into Canada
Expanding into Canada? What Non-Canadian entities need to know when implementing an Employee Benefit program in Canada Key Takeaways A typical employee benefits plan in Canada includes life insurance, extended health care, dental care, and often additional offerings like disability insurance, health spending accounts and retirement savings plans. The healthcare component of employee benefit programs […]
A Proven Strategy for Containing Employee Benefit Plan Costs
A Proven Strategy for Containing Employee Benefit Plan Costs With elevated inflation causing everyone to take a closer look at their expenses, we wanted to introduce (and remind those who are already members of the Immix Group Client Community!) the many advantages of our broker-managed pools. Table of Contents Back in May 2020, we wrote […]
Top Benefits Conversations of 2022
It’s a wrap! As we begin the New Year with refreshed energy and excitement for what 2023 may bring, we wanted to share a recap of the key stories in benefits over 2022. Extreme Difficulty in Hiring The theme of our client meetings this year can be summed up in one simple sentence “Where […]
Part 2: The Hybrid Work Model: Is working from home an “employee benefit?
In the first part of this two-part article on the hybrid work model, we discussed remote work from a productivity perspective. For the most part, the numerous studies that are coming out are stating that productivity is either unaffected or increased, and this is especially true for knowledge workers. In addition, most employees prefer working […]
The Hybrid Work Model: Is working from home an “employee benefit”?
At the peak of the pandemic, estimates were that over 40% over people were working from home. As we transition out of the pandemic many are now embracing remote work in a new way, even when given the option to return to the workplace. But will it stay this way? Is remote work a good […]
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 […]
Renewing Employee Benefits in 2021? – Here are things to know going forward to keep costs down.
By Howard Cheung, Account Executive, Immix Group: An Employee Benefits Company Due to the impacts of COVID-19 in 2020, many insurers provided benefits premium subsidies, or even deferred the program renewal date. In 2021, at least in insured benefit programs, renewals could look slightly different given the unique claims patterns we had in 2020. This is […]
The Best Time To Review Your Benefits Program Is Now!
By Lindsay Byrka | BA, BEd, CFP Vice President, Immix Group: An Employee Benefits Company 2020 proved to be an unexpectedly tumultuous year for most people, and if you’re involved in running or making decisions for a business, you were probably taking a hard look at every aspect of your business. If reviewing your benefits program did […]
Employee benefits: What you need to know about discounted group benefits pricing
By Howard Cheung, Account Executive, Immix Group: An Employee Benefits Company It’s true. Your business can indeed get discounted group health insurance rates. If you’ve ever marketed your plan with alternative carriers, it’s more than likely you were surprised to see pricing of ten, twenty or even thirty percent below your existing rates! But is a […]
The value of employee benefits inside a broker-managed benefits pool, especially during times of uncertainty
By Lindsay Byrka | BA, BEd, CFP Vice President, Immix Group: An Employee Benefits Company If you are considering ‘taking your plan to market’ we want you to consider why our current climate is the time to join a benefits pool, transparently priced by a broker, rather than marketing direct with an insurance carrier. The COVID […]
Employee benefits vs. a straight salary raise: One is significantly better for your business
By Howard Cheung, Account Executive, Immix Group / Jan 14, 2020 The old-school view would tilt toward getting a raise, on the theory that a bird – well, okay, a bunch of dollars – in the hand seems the more tangible value. But when you do the deep-dive financial analysis, offering benefits worth the same amount comes […]
Your employee benefits program: Five important questions to ask every year
By Howard Cheung, Account Executive, Immix Group / April 13, 2018 It is vital that you run a sustainable, healthy employee benefits program tailored to your organization’s needs. As your company changes and grows, be aware that one size does not fit all. Update your program to ensure you continue getting the maximum value in providing benefits. Whether […]
Am I already covered for travel insurance if I have employee benefits?
By Howard Cheung, Account Executive, Immix Group / Aug 12, 2018 99% of the time the answer is YES, you are covered for travel MEDICAL insurance. Most, if not all, group employee benefit plans have some kind of out of country coverage for unexpected medical emergencies. For example, if you slip and break your leg […]