Expensive Drugs – The Dollar Dilemma
It is supposed to be the most exciting time of
Karen
March 25, 2021
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It is supposed to be the most exciting time of
EI Premium Reduction Service Canada allows employers who provide their employees with a short-term disability plan (and if it meets certain requirements), a reduction in their Employment Insurance (EI) premiums from the standard rate of 1.4 times an employee’s EI premiums. Evidence of the employer’s commitment to provide a short-terms disability plan is required, typically in […]
We will be launching a 3 part series on mental health issues and how it effects employees in your workplace. Part 1 will be posted on our website next week and a new Part every week afterwards. If you have any comments, questions or need any further information, please do not hesitate to contact our […]
The employee benefits industry is constantly changing and it’s important that Benefit Consultants and Brokers are kept current on what’s happening in the group insurance industry. Today, the ENCOMPASS Team of Consultants attended an excellent education session hosted by Great-West Life – one of the many group insurance providers we work with. During this session, Great-West Life shared a […]
Some of you may be surprised to learn that the most serious injuries among working-age adults (ages 20-64) are: 29.1% – Sports, Exercise 18.3% – Working at paid job 16.6% – Household Chores 11% – Walking 7.2% – Leisure or Hobby 5.7% – Driver, Passenger in Vehicle *Source: Stats Canada, Canadian Community Health Survey – […]
Why are Disability Premiums Increasing? Posted on February 19, 2013 by encompass_admin Group Insurance Carriers are responsible for ensuring there are enough reserves put aside to pay future disability claims. To ensure reserves are adequate, the industry is seeing an increase in Short Term and Long Term Disability premiums. Factors Impacting Premiums There are a variety […]
This is news everyone dreads… Unfortunately, the news of a cancer diagnosis isn’t as rare as it used to be. It seems most everyone knows a working age professional that has been diagnosed with cancer or another critical illness. It doesn’t happen just to the elderly anymore. What if this employee is integral to your business? […]
A Consultant from our office recently attended a session in Kelowna to learn more about the recent amendments to Workers’ Compensation called Bill 14. The facilitator, Philip Levesque, an Adviser with the Employers’ Advisers Office from the Ministry of Jobs, Tourism and Skills Training and Ministry Responsible for Labour briefed a full audience of HR professionals […]
On July 1, 2012, insurance carriers began accepting beneficiary designations for Critical Illness and Disability insurance in British Columbia. In October 2009, amendments to the Insurance Amendment Act were passed by the Legislative Assembly of B.C. – this amendment is Bill 6. The purpose of Bill 6 was to provide further protection for consumers. This […]
If your business has a Commercial General Liability insurance (CGL) policy, you may have coverage and protection if you make an error or omission while administering your employee benefits plan. Being a Plan Administrator for your Employee Benefits Plan is a big responsibility – it’s more than just simple administration. If it’s not done correctly, […]
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