As Ontarians, we’re lucky to have a world class provincial healthcare system in place. But it’s no secret that there are gaps in OHIP coverage that can result in significant out of pocket expenses. The cost of prescription drugs, vision care, registered therapists and dental care can really add up.
Large companies aren’t the only ones that can provide their staff with a Wellness program. According to a recent (2017) Sanofi Health Survey, wellness and illness prevention are top priorities for employers. Let the Chambers Plan provide you with the resources to provide your staff with wellness options regardless of the size of your organization.
On April 1st, 2019, the Ontario provincial government shifted their focus of OHIP+ benefits to prioritize youth without a private plan. Ontarians aged 24 and under who are insured under a private drug benefit plan are no longer eligible for medication coverage through OHIP+. Those without access to private coverage will continue to be OHIP+ insured and eligible for prescription medication coverage funded by the province.
There are many reasons that employers provide their staff with employee benefits. Employee retention is higher and recruitment easier. It’s typically tax advantageous with health and dental premiums not being taxable benefits to employees. The reality is when we talk to business owners there is a sense of caring.
Small and mid-sized business owners face a lot of uncertainty and don`t need that to include their employee benefits plan. A local Chambers Plan advisor can help show why the Chambers Plan is the number one plan for businesses seeking stability in their benefit plan.
How Does your Benefits Plan Measure Up?
Well, as you’ve probably heard, the much-anticipated date of October 17th has come and gone, and recreational marijuana is now legal in Canada! Many of our clients have been asking us, what impact does this have on employee benefits plans?