frequently asked
questions
What is the minimum number of employees required to be eligible for an employee group benefits plan?
In Canada, the minimum size for a company to be eligible for a group benefits plan can be as few as two or three employees, including the owner. Some insurers specialize in small business plans and offer flexible options tailored to smaller groups. It's important for small business owners to consult with an insurance broker to find a plan that suits their specific needs.
What to Consider when designing a group benefits plan?
Your Budget: You want to give your employees the best of the best however, we are very aware of the importance of the businesses overhead and overall budget. We can work with you to create a plan which fits your budget and goals.
User-Friendly Member Experiences: You will want to ensure the insurer you choose has efficient online portals that make administration easy for your HR and/or payroll department. You also want to look for intuitive Plan Member websites and mobile apps. With the right plan, employees can seamlessly submit claims through their account.
Employee Wellness: We can help you design programs for your workforce which will encourage healthy living. Our Advisors offer Lunch & Learn seminars to empower your employees by deepening their understanding of their financial futures and goal planning. We want to help encourage mental wellness in the workplace and at home.
Why offer Group Benefits?
You may offer benefits to your employees for a number of different reasons, understanding your reasoning & your company's needs will help you in determining what kind of plan you want to offer. Here are a few key reasons why organizations offer group benefits:
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Protect their greatest asset - their employees
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Attract and retain top talent
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Boost and maintain productivity
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Act as a tax-effective form of compensation
How to get started ?
Send our team an email at hello@vitalisgroupbenefits.com and we will be happy to discuss your needs further!