benefits Tag

22 Dec 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)...

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30 Nov 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...

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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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26 Nov 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...

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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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30 Oct 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...

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