Employee Health Benefits

Employee benefits can be an excellent way to attract and retain great people.

The most common employee benefit plans include health and dental benefits as well as some kind of life and disability insurance.  These plans are meant to cover things that go above and beyond the coverage provided by provincial health care.

Besides health and dental coverage there are several other employee benefit programs that can be implemented to help attract and retain employees.

Personal Health Spending Plans (PHSP’s) allow employees to spend money on the health and dental expenses that they want covered.  All of the money that is contributed to this plan by the company is tax deductible and the employees receive the money tax free.  These plans can cover things that aren’t covered by typical group plans like laser eye surgery, braces, and cosmetic surgery.

Total Financial Solutions’ KEEP® program allows business owners set up a “golden handcuffs” type bonus for an employee that can only be accessed when the employer allows them to do so.

To find out what other options are available for your company, contact Total Financial Solutions.