Health and Dental Benefits
Employee benefits are a cost of doing business, especially in a competitive employment market. Very often they can be the determining fact in attracting and retaining employees.
Integrated Benefit Solutions Inc. offers cost effective health and dental benefit plans for groups from 1 to 100 lives.
Did you know that protecting your health, income and future interests with Life, Extended Health Care, Disability and Critical Illness Insurance is cheaper through a group plan then if you were to buy these products as an individual?
In addition, there are tax incentives available to you and your employees. For example, you can generally deduct 100% of the premium and many of the benefits are non-taxable to your employee.
By offering group health insurance as a part of a total comprehensive package, you may be able to reduce your payroll taxes. These incentives should be considered when determining the affordability of a health insurance plan for you and your employees.
Group Retirement Plans
Custom built investment plans for your employees’ future
Group retirement plans provide excellent tax-sheltering opportunities and are a significant benefit to employees. With the long-term future of government sponsored pension plans in questions, group retirement plans along with personal RRSP plans play a major role for Canadians saving for retirement. They are also an excellent tool for attracting and retaining employees.
There are several options available when considering a group retirement plan: Defined Benefit Plans, Defined Contribution Plans, Deferred Profit Sharing Plans, and Group RRSP’s. Only after a thorough review of all the options, and the benefits of each, can an appropriate plan group retirement plan be developed.
A group Registered Retirement Savings Plan (RRSP) is similar to an individual RRSP, but administered on a group basis by the employer. Contributions are made by pay-roll deduction, on a pre-tax basis, through a Group RRSP administrator. Employee contributions may be matched by the employer; however employer contributions are not mandatory. Employer contributions are taxable income to the employee.
Guaranteed Issue Products
Getting Insurance doesn’t get any easier than this! Your acceptance is guaranteed and there are no medical or health questions asked.
Guaranteed issue life insurance is perfect for covering the cost of final expenses in the event of death. Benefits are available from $5,000 to $30,000, and issued up to age 85. In the event of accidental death, 4 times the benefit will be paid.
Suffering a critical illness is more common than you think. There are many considerations when applying for critical illness which can make it difficult to get approved – it depends not only your health but also the history of your family’s health.
If you couldn’t work tomorrow, how long could you continue your current lifestyle? No one has control over when an accident may happen that would inhibit your ability to work. 1st day injury coverage can provide you and your family an income while you are disabled and unable to work.