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Saskatchewan Employee Benefits Program

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Saskatchewan Employee Benefits Program: The Coverage Overview

Saskatchewan Employee Benefits Program Overview


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Saskatchewan may not have the highest number of companies in Canada but when compared to its population, the Prairie and Boreal province has sufficient companies for its population. Most companies in Saskatchewan seek to hire and retain quality employees, the easiest way to do so is by providing a Saskatchewan employee benefits program.

With a Saskatchewan group benefit plan, you will not just protect your employees but you will ensure that they are secure and have the peace of mind to contribute their best to your business. The satisfaction of your employees is of utmost importance to your business and that is why your business needs to offer an attractive group benefits plan.

The right Saskatchewan employee benefits plan will not only be relevant for you to protect your employees and your business but you will also make sure that your business retains the best workers. Such a program can be designed that your employees can retain or maintain their health coverage after leaving your company.

To get an immediate Saskatchewan employee benefits program quote, click here.

Saskatchewan Employee Benefits Program Details


Saskatchewan Employee Benefits Program Advantages

The advantages of providing a Saskatchewan Group Benefit Plan for your employees:

  1. The employer will be able to provide the Saskatchewan employee benefits program at a fixed cost and the plan will be automatically administered by an insurance company.
  2. The employees and their family members will be protected against financial problems that result from medical emergencies.
  3. Your employees will get a tax-free health coverage benefit with the benefits program.
  4. The employer will enjoy a tax deduction for every cost that is associated with the Saskatchewan group benefit plan.
  5. You can provide extra compensation to your employees with the Saskatchewan employee benefits program instead of increasing their taxable salary.

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

Saskatchewan Employee Benefits Program Benefits

Several employers in Saskatchewan provide benefits to their employees with Saskatchewan employee benefits program. Some of the 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

To get an immediate Saskatchewan employee benefits program quote, click here.

Saskatchewan Employee Benefits Program Package

The processes involved in setting up Saskatchewan employee benefits program could be complex and flexible. This is why you need the help of an experienced professional to help you to navigate through the processes and set up an attractive group benefit plan. This will help you to prevent the problem of growing liabilities and steep cost.

The service of a benefits consultant or a broker is highly needed for their expert guidance and relevant data in getting the best outcome in your benefits investment. The broker is paid by the insurance company and will be willing to offer you the best service at little or no cost.

You need to get at least three proposals from different brokers so as to evaluate the costs from different perspectives.

To learn more about Saskatchewan employee benefits program legislation, click here.

Saskatchewan Employee Benefits Related Pages

Saskatchewan Employee Benefits Program Savings

When designing a Saskatchewan employee benefits program, it is important for employers to consider long-term cost-saving measures. This can be achieved in the following ways:

  1. Sharing the cost of premiums between the employer and the employees.
  2. Adding or including deductibles into the insurance coverage.
  3. Considering the level of coverage or co-insurance.
  4. Capping or placing a limit on the amount of coverage (for instance, limiting vision care at $400 for a period of time).
  5. Minimizing the carry-over of unused sick days.

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

Saskatchewan Employee Benefits Program News

Compared to the previous month, more people in Saskatchewan were receiving employment insurance (EI) benefits in November 2017.

According to Statistics Canada, the number of beneficiaries in the province for the month increased by 4 percent to 18,360. The increase per month was spread across the province with the number of people receiving the benefits increasing by 7.2 percent in Regina and 4.3 percent in Saskatoon.

There were ten percent fewer people receiving benefits on a year-over-year basis. However, Regina was the only region not to have a year-over-year decrease with 9.6 percent more people getting EI benefits in comparison to the previous year, November 2016.

A greater number of people also began initial and renewal claims during November. According to Statistics Canada, about 7,600 people began the claims process in the course of the month, an increase from 7.2 percent from October.

To learn more about the Saskatchewan employee benefits program, click here.

Saskatchewan Employee Benefits Program FAQ


What is a group benefits plan?

A group benefits plan is a means whereby employers provide benefits such as health coverage to their employees, in a group, as a compensation package. This is usually outside the coverage or benefits offered by the provincial government.

Can my employer take away benefits?

Yes, a company can take away the benefits it offers its employees without informing them, but this is considered as a poor business decision. However, employees can protect their benefits with the federal or state law or with an employment agreement.

Do you have to give full-time employees benefits?

Saskatchewan companies can provide benefits to their full-time employees but this is not mandatory according to the law. In general, companies are expected to provide coverage to their full-time employees but this is not usually expected for part-time employees.

What are the four major types of employee benefits?

There are primarily four types of benefits offered by Saskatchewan employers to their employees. These include medical insurance, disability insurance, life insurance, and retirement plans.

To get an immediate Saskatchewan employee benefits program quote, click here.

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