Group

18 Jul Is Medical Tourism An Option For You?

As health and dental services are becoming increasingly costly for some, Canadians are beginning to look for alternatives to receive the services that they need and keep expenses down. The following is a guest post from Global Health Shift Corp. on Medical Tourism, and why...

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01 Jun Benefits of Health Spending Accounts

A health spending account is a valuable tool for any incorporated business owner, self-employed individual, or small business employer. Health Spending Accounts, which are also referred to as HSAs or Private Health Spending Plans (PHSPs), provide a way to pay for medical, dental, and vision...

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18 Apr Premium Tax Increase

Alberta’s budget, released in October 2015 proposed a range of tax increases. Some of these increases will impact benefit plan pricing in 2016 and 2017. What is the change? Taxes are included in insurers’ premium rates. Consequently, group benefit plan sponsors should expect increases to rates at...

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04 Feb Insurance Jargon, Decoded: Underwriting

Insurance underwriting is a term used to describe the process of assessing risk. Insurers want to make sure that they are collecting enough premium according to the individual’s risk. We use (the term) underwriting to describe an insurance application process. An underwriter or underwriting department are the individuals who are assessing...

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26 Nov What does reasonable and customary mean?

Reasonable and customary limits apply to many areas of a benefit plan -- from dental to medical supplies to paramedical practitioners, like a massage therapists. These limits are put in place as an effort by the insurer to protect plan sponsors from paying for services...

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