An Affordable investment in your business Presented by: Tchavdar (Charles) Elenkov, CFP, CHS Thursday, January 17, 2019Thursday, January 17, 2019

Thursday, January 17, 2019Thursday, January 17, 2019 Agenda The challenges A great solution What to look for Getting Started Thursday, January 17, 2019Thursday, January 17, 2019

Challenge #1 Attracting and retaining the best employees Thursday, January 17, 2019Thursday, January 17, 2019

Challenge #2 Attracting and retaining those employees in a shrinking market Thursday, January 17, 2019Thursday, January 17, 2019

Your People…a competitive edge Good employees can have a significant impact on the bottom line for a small business Long term employees bring more value to the organization than a series of short-term employees Thursday, January 17, 2019Thursday, January 17, 2019

A great solution… Security and peace of mind through a Group Benefits Program Thursday, January 17, 2019Thursday, January 17, 2019

Thursday, January 17, 2019Thursday, January 17, 2019 Why Group Benefits? You will: Attract high quality employees Improve employee morale Retain the best employees Take advantage of this tax deductible business expense Promote health and wellness Thursday, January 17, 2019Thursday, January 17, 2019

Thursday, January 17, 2019Thursday, January 17, 2019 A Group Benefits Plan Shows concern for employees and their families Demonstrates management responsiveness Makes a strong statement that says: “We are an established company” “We value employees” Thursday, January 17, 2019Thursday, January 17, 2019

Employee Satisfaction A Group Benefits Plan contributes to a sense of employee satisfaction and security Thursday, January 17, 2019Thursday, January 17, 2019

Thursday, January 17, 2019Thursday, January 17, 2019 The Benefits of Group A group discount for the coverage including for yourself and your family (much more affordable than individual coverage) More comprehensive benefits than individual coverage No requirements for proof of good health within the No Evidence Limits Thursday, January 17, 2019Thursday, January 17, 2019

A cost-effective approach Employer contributions represent a tax deductible business expense Employer contributions are not taxable income for the employee Health and dental benefits are received tax free by employees Employee contributions are paid via payroll deduction Thursday, January 17, 2019Thursday, January 17, 2019

Thursday, January 17, 2019Thursday, January 17, 2019 What to look for… Simple administration Straight-forward communication materials Toll free customer service Pre-authorized payment Online access to plan management, claims and information Thursday, January 17, 2019Thursday, January 17, 2019

Thursday, January 17, 2019Thursday, January 17, 2019 Base Benefits Life Insurance (Salary Based Benefits Available) Accidental Death & Dismemberment (AD&D) Extended Health Care (pays medical expenses not covered by OHIP) Thursday, January 17, 2019Thursday, January 17, 2019

Supplementary Benefits Dependent Life Short and Long Term Disability (Income replacement) Dental care Thursday, January 17, 2019Thursday, January 17, 2019

Thursday, January 17, 2019Thursday, January 17, 2019 Optional benefits Optional Life Insurance for Members and Dependents Optional Critical Illness Insurance Health Spending Accounts Thursday, January 17, 2019Thursday, January 17, 2019

Thursday, January 17, 2019Thursday, January 17, 2019 Common Plan Design Life & AD&D (Flat $25,000) Dependent Life ($5,000 spouse/$2,500 child) LTD (66.67% / 120 day wait / to 65 / Max $3,000 / Non-Taxable) Health (Prescription drugs; massage, chiropractor, physiotherapist, naturopath and other professional services; semi-private hospital; laboratory tests; vision care; hearing aids; orthotics; out of province travel coverage etc.) Dental (Preventative and restorative coverage – checkups, cleaning, whitening, fillings, x-rays etc.) Thursday, January 17, 2019Thursday, January 17, 2019

Thursday, January 17, 2019Thursday, January 17, 2019 Managing the Plan The insurance company will provide support with… Comprehensive, easy-to-understand administration kit Clear, detailed monthly billing statements Toll-free access to customer service professionals On-line claims Direct deposit of benefits Thursday, January 17, 2019Thursday, January 17, 2019

Thursday, January 17, 2019Thursday, January 17, 2019 Not on your own I will help with: Day to day issues and employee questions Annual program reviews, plan performance and plan design management (add or remove, increase or decrease benefits) Thursday, January 17, 2019Thursday, January 17, 2019

Thursday, January 17, 2019Thursday, January 17, 2019 Getting Started Simply provide: Employee info: Dates of birth Gender Dates of hire Occupations Income Coverage status (single family) Desired or current benefits Authorization Letter Information on any absent staff I will do the rest! Thursday, January 17, 2019Thursday, January 17, 2019

Thursday, January 17, 2019Thursday, January 17, 2019 Summary of Advantages The most comprehensive and affordable way to provide yourself, your family and your employees with financial protection against unexpected big medical expenses Tax deductible premium for you The most tax effective way to compensate employees Streamlined administration A strong statement Thursday, January 17, 2019Thursday, January 17, 2019

Thursday, January 17, 2019Thursday, January 17, 2019 Questions? Thursday, January 17, 2019Thursday, January 17, 2019