Archive for June 20th, 2013
Providing Excellent Health Benefits To Your Employees Is Crucial

Group health benefit plan

Did you know that 60 percent of Canadian employers worry about the quality of the health plan for their employees? Ultimately, health insurance is absolutely essential, ensuring that citizens are able to access the healthcare necessary to ensure that they live long and healthy lives. However, if you are wondering how the canadian employee health benefits plan works, there are several things that you will want to keep in mind.

About 30 percent of Canadian health expenditures come from private sources, including both insurance and out of pocket payments, while the remaining expenditure is publicly funded. Health insurance in Canada typically covers surgery and services, including psychotherapy, in clinics and doctors’ offices as well as dental surgery at dental offices and laboratory tests. Furthermore, under the Canadian health care system, preventive care and early detection are considered important and yearly checkups are encouraged as early detection extends life expectancy and quality of life, and also reduces the overall costs associated with health care. There are important national standards to consider in regards to Canadian healthcare. Perhaps most notably, The Canada Health Act (CHA), a piece of Canadian federal legislation adopted in 1984, specifies the conditions and criteria with which the provincial and territorial health insurance programs must conform in order to receive federal transfer payments under the Canada Health Transfer.

If you are wondering about small business health benefits or small business health coverage, there are several things that you should know. First of all, you may want to look into the Canadian Employee Health Benefits Plan (CEHBP). This can best be described as a group health benefit plan using “smart plan” design, guaranteeing small business stable premiums and better health benefits for their employees. CEHBP was actually specifically designed for small to midsize businesses to provide a common sense alternative to the group benefit plans offered by big insurance companies in Canada. Overall, with a little bit of research you can provide excellent health benefits to your employees.