Quebec Employee Benefits Program

Quebec Employee Benefits Program Advantages

1. With the Quebec employee benefits program, you can provide additional compensation to your employees rather than increasing their taxable salary.
2. In every cost associated with the employee benefits program, the employer will get a tax deduction.
3. The Quebec group benefits plan protects the employees and their family members against financial expenses due to emergency medical or dental expenses.
4. Rather than buying health coverage with after-tax money, your employees can enjoy tax-free health coverage with the benefits program.
5. The employer can provide the benefits program at a fixed rate and the plan is automatically administered by an insurance company.

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Quebec Employee Benefits Program Benefits

Quebec employers provide a lot of benefits to their employees through the Quebec employee benefits program. Some of these benefits are as follows.

1. Life Insurance and Spousal/Dependant Coverage
2. Accidental Death and Dismemberment
3. Prescription Drug Coverage
4. Paramedical Coverage (Chiropractors, Therapists, etc.)
5. Group Pension Plans
6. Group RRSP Plans
7. Short Term Disability
8. Long Term Disability
9. Extended Healthcare/Visioncare
10. Dental Coverage
11. Out-Of-Country Emergency Medical (Travel)
12. Critical Illness Insurance

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Quebec Employee Benefits Program Package

Employee benefits programs are becoming increasingly complex and also flexible. Due to the complexity, it is recommended for employers to seek the help of experienced professionals such as brokers or benefits consultants to help you to navigate through the process of setting up the program in order to avoid the problem of growing liabilities and steep costs.

Brokers can offer you expert guidance and also relevant data for the best result in your benefits investment. Since brokers are hired and paid by the insurance company, you may be able to get their services at little or no extra cost. For the best result, it is better to get proposals from various brokers in order to access the value and costs from a different point of view.

Quebec Employee Benefits Program Savings

When setting up a Quebec employee benefits program, employers take advantage of several measures to save costs in the long-term. Some of these cost-saving measures are as follows:

1. Considering co-insurance or the level of coverage.
2. Adding deductibles into the coverage.
3. Placing a cap or a limit on the coverage amount.
4. Sharing the premium cost between the employee and the company.
5. Reducing the carry-over of unused sick days.

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Quebec Employee Benefits Program News

Hub International continues in its acquisition spree by purchasing the shares of Les Avantages Sociaux Delta Inc, operating as dElta Group. The terms of the acquisition were not disclosed.

Delta Group is a multidisciplinary benefits brokerage based in Montreal. The benefits brokerage works with medium and large-sized businesses in Canada as it provides actuarial services and also provides group and retirement insurance plans as well as human resources and disability management.

The dElta group was formed by the merger of Les Avantages Sociaux Delta Inc., Le Groupe Financier Tanner-Deland Inc., and Ressources Humaines Delta Inc. The group will join Hub Quebec.

Roger d’Eschambault, founder and chairman of Delta Group said has always had the goal to be a strategic employee benefit and HR partner for clients since it was founded over 20 years ago. Eschambault now reports to Hub’s president, Stephen Blais.

To learn more about Quebec employee benefits program, click here.