Small Group Plans (under 25 employees)
Small businesses face a number of unique challenges when it comes to putting together a group insurance plan, however when trying to compete with a larger employer for quality people, bigger is not always better when it comes to benefits.
The goal is to strike a balance between coverage levels and cost in order to make the plan as attractive as possible to your employees while still keeping costs affordable for your company. Our job is to simplify the process, making it as easy as possible to offer these valuable programs.
Before implementing an employee benefits plan for your small business, or if you plan on reviewing your current group program, choose to work with a group benefits specialist.
The Belton Approach
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Market your plan to confirm pricing |
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Fair but firm negotiation |
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Implement and communicate |
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Provide proactive and ongoing support |
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Monitor industry legislation to ensure compliance |
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Continually review and improve program |
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Advantages for Employers
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Attract and retain quality employees |
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Costs are tax deductible as a business expense and provide more than comparable raises in pay |
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Group buying power ensures costs are less than comparative coverage purchased individually |
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Improves morale, productivity and efficiency |
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Provides for a healthy workforce |
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Provides a formal company policy on death, disability and high medical costs |
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Advantages for Employees
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Confidence knowing a benefits program is in place to support themselves and their loved ones |
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No need to use after-tax money to purchase various types of insurance |
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Group coverage is typically less expensive than individual coverage |
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Coverage without having to answer medical questions |
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Helps to bridge the widening gap between provincial health plans and the coverage employees and their families need |
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Access to health and wellness resources |
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