Employee Benefits

We provide a comprehensive financial audit, review and analysis that will give you a solid understanding of the strengths and limitations of your employee benefits program. This may include:

• Comparing your plan with companies of similar size and industry
• Reviewing the marketplace to find the best value from various insurance companies
• Identifying program deficiencies and developing options for addressing them
• Recommending adjustments in response to market or industry changes and trends

One-size-fits-all pricing is no longer the industry standard. Improved technology and greater pressure on insurers to meet client demands has changed all that.

We find the most cost-effective solution by analyzing:

• Insured plans
• Administrative services only (self-insurance)
• Refund accounting
• Risk tolerance

We work with you to balance the appropriate level of risk and self-insurance, while staying focused on long-term savings.

There are a number of ways to reduce claim costs while making sure your people are still happy with the plan.

We identify what coverage is and is not important to your employees and how to best share the costs.

Attracting and retaining the best people takes more than a good employee benefits package. You must also ensure they understand its worth and use it to the fullest.

This means educating your employees and empowering them to make the most of their benefits. We make this possible by:

• Conducting in-house employee seminars, including personal financial planning
• Ensuring employees have a clear understanding of all the terms, conditions and exclusions
• Managing a smooth transition when program strategies change
• Encouraging employees to take an active role in monitoring cost of claims and usage efficiencies

A healthy workforce is more productive and more profitable. We work with you to make the health and wellness of your employees a key part of your strategy.

We work with you to implement:

• Executive medicals and health navigation services
• Organizational health assessments
• Wellness workshops
• Employee assistance program
• Healthy work site management

HSA (Private Health Services Plan) is a Canada Revenue Agency-approved method to provide medical, dental, and vision benefits in a tax efficient manner. A corporation can write off 100% of the costs related to its HSA and all expenses reimbursed are tax-free to the employees. Every business owner who has an incorporated company should have one. It is the most tax effective way to run health, dental, and vision expenses through the corporation. If an employer wishes to offer benefits to their employees, they can create a custom plan arranged by class.

Learn more: https://meldrumhorne.myhsaaccess.com/Home