Health benefits are a very important part of employee benefit plans. In Canada, there are many ways to offer these benefits. There are numerous plans in place that will help a business design a benefits plan that can be simple to administer, at the same time extending a good set of health benefits to employees.
The Medicare systems in the provinces of Canada are cost effective due in part because they are easy to administer. This means less stress on the part of business who offer supplemental insurance. In fact, approximately 75 percent of Canadians use some type of supplementary private health insurance, many of whom receive it from their employers. The provisions of the Canada Health Act of 1984 guides the health care system in the country. Another interesting fact about the Canadian health system is that medications for elderly or indigent citizens are covered by public funds.
A survey of small businesses in Canada indicates that 33 percent do not see how a benefit plan can help their business. These benefit plans can help keep employees satisfied with their working conditions, which may result in less turnover. Health benefits and other employee benefits can give your employees a sense of security knowing that their health care costs will be taken care of.
An employee health benefit plan can also be an attractive way to recruit solid employees. By offering health benefits, you will be making your business attractive to the top potential candidates. This is important if you are trying to hire high level professionals that you want to stay at your company for a long period of time.
Health benefits that include regular medical checkups will also help keep your workforce healthy and on the job. Families with health benefits can also receive help with such things as braces cost and other procedures that some families experience.
You can find all sorts of plans that can help you offer health benefits to your employee without creating a paperwork or administrative nightmare. In the end, you will probably find that the positives certainly outweigh the negatives.