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.

In the News: Business in Calgary, January 2016

How has the multi-generational workforce changed the benefits landscape? Our co-principal Jennifer Kirby shared her thoughts in the January issue of Business in Calgary. Here is an excerpt from the article called "Workplace Health and Wellness": "Health and wellness in the workplace is a very hot,...

Need to Know: Insurance – December 2015

It’s time for another edition of our monthly “Need to Know” series, where we rotate between our focus areas of Insurance and Employee Benefits. This month, our focus is on Insurance. In this month’s resource roundup, we are focusing on how to financially prepare for possible...

Insurance Jargon, Decoded: 31-day rule

One of the biggest advantages of being on a group plan is the fact that you or your dependents don’t have to answer health questions. But when your life changes, you have 31 days to report the change to the insurer through your HR department...

CPP and EI Changes in 2016

What can we look forward to the following changes to CPP, EI maximums and RRSP limits in 2016: Contribution limits The 2016 RRSP dollar limit has increased to $25,370. Defined Contribution Pension Plan (DCPP) - $26,010 Deferred Profit Sharing Plan (DPSP) - $13,00 Defined Benefit Pension Plan maximum pension limit (DBPP)...

Understanding the Financial Cost of Cancer

Cancer is a devastating diagnosis for many reasons – one of which is the financial hardship that it brings to patients and their families. In 2012, the Canadian Cancer Society released a report called “The Financial Hardship of Cancer in Canada: A Call to Action,” where...

Need to Know: Benefits – November 2015

It’s time for another edition of our monthly “Need to Know” series, where we rotate between our focus areas of Insurance and Employee Benefits. This month, our focus is on Benefits. This month, we are focusing on “reasonable and customary” fees. How do these terms affect...

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...