Newsletter

26 Nov Benefits continuation – What you need to know

In today’s market, many Alberta-based companies are being forced to right-size or downsize. When offering benefits continuation for terminating employees, there are a few important items to keep in mind. Standard group contracts maintain that an employee’s group insurance coverage ends on the date the employee-employer...

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10 Nov Term Insurance – What’s in it for me?

Clients will frequently ask whether term or permanent insurance represents the best solution for their needs. But the truth is that it can be a complex answer that requires a bit of soul searching, some forward thinking, and budgeting. What is term insurance? Term insurance is basically...

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10 Nov Insurance Jargon, decoded: Any Occupation

Insurance Jargon, Decoded: Any Occupation Disability benefits – or income replacement if you are unable to work due to an accident or illness – are an important piece of our financial security. Most group insurance contracts include policy definitions that differ slightly in terms of the...

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29 Sep Best Practices in Plan Administration

One of the biggest worries that a new plan sponsor has in implementing a group benefits plan is the ongoing administration of the plan and making sure that the plan is running smoothly. The plan administrator, who may or may not be the owner of a...

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29 Sep Insurance Jargon, decoded: Conversion

This month, we talked about why it’s important for plan administrators to manage terminations properly when employees leave a group benefit plan. One of the main reasons that this is important is to notify that departing plan member of their conversion options. But what is conversion?...

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25 Sep Event: Employment Law Refresher

We invite you to join us for an informative session on navigating employment law. Vital Partners has teamed up with Carbert Waite LLP for this great session. Our goal is to provide you with concrete tools to navigate employment law. Employment Law Refresher - Top 5...

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23 Sep When to market your benefits plan

Recent economic shifts have started to affect employee benefit programs in Alberta. Many companies are finding that employees are quickly trying to use their benefits in anticipation that they may lose benefits in the event of a layoff, so renewal pricing can reflect this inflated demand. Insurance...

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25 Aug Individual Health & Dental Plans

The changing economy in Alberta has presented an unintended consequence for many: loss of group health and dental coverage. When an employee leaves a group plan, he or she generally has 60 days to convert the group coverage to an individual health and dental program. Insurers...

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