This is the home of all the news about Vital Partners, as well as our blogs, newsletters, and event notices. Check back often to see what is going on at Vital Partners.

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...

Insurance Jargon, Decoded: Mandatory Generic

When we’re shopping for consumer goods such as cookies, our perception is that the generic brand is not quite as good as the brand name equivalent. But in the case of prescription drugs, generic medications are considered to be “bioequivalent”. That means that Health Canada has...

Group conversion options: Health and dental options for terminating employees

It is an employers’ legal responsibility to ensure that terminated employees are made aware of their options to convert or conserve any of their insurance or group benefits. These conversion options can be added to a termination letter for departing employees. Typically, these letters will outline...

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...

In the News: Capital Ideas Calgary, Nov. 12, 2015

Jennifer Kirby, one of our co-principals/co-founders at Vital Partners Inc. is the featured entrepreneur in Capital Ideas Calgary, published in today's Calgary Herald. This week's question is, "How do you maintain motivation in your staff?" Jennifer says communication is key. View her full response here, or...

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...

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...

Need to Know: Insurance – October 2015

Whether you are fully employed with a secure job, or thinking that you might be affected by the restructuring and layoffs, you might be wondering if your group life insurance coverage is enough. This month, we are sharing resources on when to top up your...

When to top-up your group life insurance coverage

Have you ever wondered whether your group life insurance coverage is enough? Many companies offer employees life insurance benefits based on a multiple of salary or a flat amount that seems like a “high enough” number. But group life insurance doesn’t always fit every situation. Often...

In the News: Alberta Women Entrepreneurs, Oct. 9, 2015

Alberta Women Entrepreneurs (AWE) helps women across Alberta build successful businesses. This month, our Principal and Co-Founder Andrea Shandro was one of their featured guest bloggers. Andrea's article, entitled "I'm a start-up company, so why would I want to offer benefits?" was published on Oct. 9,...