Announcements

Employee Benefit Plan Premium Relief – Coming as early as May

2020-04-18T11:12:44+00:00

Yesterday, Sun Life was the first Insurer to announce that because of plan members inability to access Dental claims given COVID-19 mandated shutdowns of dental practices (and a subsequent move to emergency only services) that they were refunding their (non-refund/non self-funded) dental plans with a 50% premium credit retroactive to April.  This billing premium credit [...]

Employee Benefit Plan Premium Relief – Coming as early as May2020-04-18T11:12:44+00:00

Canada Emergency Wage Subsidy – Final

2020-04-14T12:48:28+00:00

After being passed by Parliament and receiving Royal Assent over the weekend, the government has shared additional details on the federal 75 percent wage subsidy. Last week, the criteria for the program was “relaxed,” with just one major change coming from the weekend Parliamentary session. On Saturday, the opposition and government agreed to change the need to reapply [...]

Canada Emergency Wage Subsidy – Final2020-04-14T12:48:28+00:00

Critical Illness & Accident Benefits Taxable Jan. 2013

2018-04-17T15:55:46+00:00

Both accident benefits and critical illness benefits are taxable as of Jan. 2013. As per the Federal Budget released in March 2012, and the Notice of Ways & Means motion on October 15, 2012, employer contributions to group accident benefits and sickness insurance plans will be a taxable benefit to employees across Canada beginning January 1, [...]

Critical Illness & Accident Benefits Taxable Jan. 20132018-04-17T15:55:46+00:00

Healthcare Costs – National Pooling Protection Plan for Catastrophic Drugs

2018-04-17T15:55:46+00:00

To manage healthcare costs for catastrophic events, the CLHIA (Canadian Life and Health and Insurance Association) announced an agreement that calls for participating carriers to pool eligible drug claims in excess of a stipulated amount and to set customer premiums without including these pooled claims. For Plan Sponsors who have been impacted by employees/members who [...]

Healthcare Costs – National Pooling Protection Plan for Catastrophic Drugs2018-04-17T15:55:46+00:00

Taxable Benefits now Include Accidental Death, Dismemberment and Critical Illness

2018-04-17T15:55:46+00:00

Taxable benefits in 2013 include accidental death and dismemberment and critical illness. Following the announcement of the federal government on March 29, 2012, employer-paid premiums for Accidental Death and Dismemberment (AD&D) and for Critical Illness (CI) insurance will become taxable benefits to employees across Canada. Premiums paid after March 29th, 2012 will be used to [...]

Taxable Benefits now Include Accidental Death, Dismemberment and Critical Illness2018-04-17T15:55:46+00:00