Join The Group
Manage Your Group Benefit Program With MyBenefits

YXE Benefits offers the simple, stable, smart group benefits choice for Saskatoon businesses; combining accessibility, flexibility and the stability of pooled benefits. Saskatoon companies choose the The Chambers of Commerce Group Insurance Plan because it offers unsurpassed value & outstanding customer service. The Chambers plan group benefits are for Saskatoon Chamber members.  In our latest article, we talk about how business owners can save time managing their group benefit program with MyBenefits from the Chambers Plan.

Looking for a way to save time managing your group benefit program? MyBenefits from the Chambers Plan can help!

 

What is MyBenefits?

MyBenefits is a secure, online tool that you can conveniently use anywhere, anytime. It provides you, as a business owner, a quick and easy way to access your company’s coverage and premium information.

Whether you are looking to ensure a new employee is set up for benefits or calculate payroll deductions, you can use it to keep employee records current. MyBenefits allows you to add new plan participants, change their coverage, or terminate benefits of former employees.

 

What are the Benefits of MyBenefits?

MyBenefits Chambers Plan YXE Benefits SaskatoonContact Your Advisor

If you need to contact your benefits advisor, your employee’s assistance provider or anyone else connected to the plan, it is all just a convenient click away. 

Instead of call centres, talk to a real life person. At YXE Benefits, we know being able to contact the Chambers Plan to speak with someone who ensures your needs are met is crucial for busy small to medium sized business owners, as well as your employees.

 

Access Group Benefit Publications

With MyBenefits you have access to a variety of group benefits publications. You also have access to time saving tools and resources like an employee deduction calculator and taxable benefit report. It’s like having your own personal benefits plan assistant at your convenience! 

Provide your employees easy access to their own personalized benefits and claims information and more! Give them the details and resources they need, leaving more time for you with less questions being directed towards you.

 

Save Paper!

MyBenefits is eco-friendly when you register online! Do away with paper mailings by registering to receive billing statements online as soon as they are ready. No need to wait for the mail to be delivered when you have everything available to you online via phone, tablet or computer.

Start saving time by administering your group plans online today. To register visit my-benefits.ca and follow the instructions.

 

We encourage you to connect with us on our Saskatoon social media platforms on Facebook, Twitter & Linkedin. 

Contact us today for a quote…. find out if you can benefit!

‘Join the Group- It’s Time To Benefit’

www.yxebenefits.ca

YXE Benefits: What is Generic Interchangeability?

YXE Benefits offers the simple, stable, smart group benefits choice for Saskatoon businesses; combining accessibility, flexibility and the stability of pooled benefits. Saskatoon companies choose the The Chambers of Commerce Group Insurance Plan because it offers unsurpassed value & outstanding customer service. The Chambers plan group benefits are for Saskatoon Chamber members.  In our latest post, we discuss what TELUS® Health Enhanced Generic Interchangeability is and how it benefits members of the Chambers Plan.

A partner in managing the Chamber Plan’s drug program is TELUS Health. They provide efficient processing, consistency of claims and develop polices to enhance sustainability for members.
One of these policies, which has a substantial impact by protecting the affordability of the drug plan, is the Health Enhanced Generic Interchangeability policy.

What is Generic Interchangeability?

Picture this. You and another person get prescribed the same drug. However, you are using the generic brand and they are using the brand name drug. They are a direct substitute of each other, so what is the difference?

Price. You paid less for the generic brand than they did for the brand name.

In most cases, when a generic brand is available over a brand name drug, the pharmacy is advised to substitute the generic drug.

Generic Interchangeability YXE Benefits SaskatoonThis is Generic Interchangeability, which is a designation given to generic drugs that have been identified as a direct substitute for a brand name alternative. Not only are the same active ingredients shown in generic and brand name drugs, generic costs less.

One thing to note, is that the pharmacy is advised to substitute the generic drug and under the Chamber Plan, TELUS will reimburse the generic costs. This practice is not always followed by pharmacies, depending on the provincial drug rules. When you are prescribed a brand name drug, YXE Benefits encourages you to ask your pharmacist if a generic brand is available to cover your bases.

Most Chambers Plan Extended Health options include generic substitution for prescription drugs. What if your physician indicates there is no substitution on your prescription? Then the requested drug will be covered based on the brand name cost, as long as it is listed by TELUS.

At YXE Benefits, we encourage Plan members to speak to their healthcare providers about prescribing generic brand alternatives. This will reduce your expenses and contribute to the sustainability of their drug plan.

If you are interested in learning more about The Chamber Plan and how it could benefit you, contact us for a free quote or more information. Chambers Plan combines accessibility, flexibility and the stability of pooled benefits so whether you are looking to start a benefits plan or make additions throughout the pandemic, we are here to help.

We encourage you to connect with us on our Saskatoon social media platforms on Facebook, Twitter & Linkedin.

Contact us today for a quote…. find out if you can benefit!

‘Join the Group- It’s Time To Benefit’

www.yxebenefits.ca

Will an accident leave your business disabled?

YXE Benefits offers the simple, stable, smart group benefits choice for Saskatoon businesses; combining accessibility, flexibility and the stability of pooled benefits. Saskatoon companies choose the The Chambers of Commerce Group Insurance Plan because it offers unsurpassed value & outstanding customer service. The Chambers plan group benefits are for Saskatoon Chamber members.  Our  latest post subject is will an accident leave your business disabled?

What if you had an accident and couldn’t work for a while?

Your disability insurance would provide income in place of your salary until you were on your feet again, but what about those business bills! Unfortunately, none of us can predict a sudden illness or injury. It’s wise to consider how your absence would impact your business and make sure you’re prepared for unforeseen circumstances.

Designed for self-employed business owners who generate all of their firm’s sales and revenues and who are involved in the day-to-day operations of the business, BOE covers your business’ fixed expenses if you’re away for an extended period of time due to disability. BOE must be purchased in conjunction with Long Term Disability benefits.

Available in blocks of $100, coverage is available from $500 to $2,000 per month. The benefit will pay eligible business expenses, after a 30 day waiting period, for up to 18 months while you are disabled. Eligible business expenses are the actual, normal and customary expenses incurred by you, the owner, in the operation of your business. For partnerships, your assumed portion of such expenses is covered.

Eligible business expenses include:

  • Rent, electricity, telephone
  • Business taxes and licenses
  • Property taxes for the place of business
  • Leasing and amortization costs of equipment, including automobiles
  • Interest including the interest portion of mortgage payments, unpaid bills or lines of credit
  • Amortization or periodic repayment of capital including mortgages

In Addition:

  • Salaries of personnel who do not generate income and whose services are essential during your disability
  • Professional services of an outside accountant
  • Professional dues and professional liability insurance
  • Office cleaning
  • Postage and office supplies

You can purchase Business Overhead Expense coverage in conjunction with Chambers Plan Long Term Disability benefits. Together, it’s the coverage business owners need, at an affordable price.

With quick claim payments, rate stability, and guaranteed renewable coverage, the Chambers Plan makes it easy for you to invest in the health and well-being of your employees. 3,000 small businesses just like yours join the Plan every year. With the help of our local advisors at YXE Benefits, let us design a plan to fit your needs and your budget from an array of benefits and options:

We encourage you to connect with us on our Saskatoon social media platforms on Facebook, Twitter & Linkedin. 

Contact us today for a quote…. find out if you can benefit!

‘Join the Group- It’s Time To Benefit’
www.yxebenefits.ca

Chambers Plan Disability Insurance Coverage Explained

YXE Benefits offers the simple, stable, smart group benefits choice for Saskatoon businesses; combining accessibility, flexibility and the stability of pooled benefits. Saskatoon companies choose the The Chambers of Commerce Group Insurance Plan because it offers unsurpassed value & outstanding customer service. The Chambers plan group benefits are for Saskatoon Chamber members.  In our latest post, we discuss Disability insurance coverage.

Chambers Plan Disability Insurance Coverage

With quick claim payments, rate stability, and guaranteed renewable coverage, the Chambers Plan makes it easy for you to invest in the health and well-being of your employees. 3,000 small businesses just like yours across Canada join the Plan every year. With the help of your local advisors at YXE Benefits , the Chambers plan design a plan to fit your needs and your budget from an array of benefits and options including disability insurance.

Comprehensive Protection: Short Term & Long Term Disability Insurance

Disability insurance, whether short or long term, gives employees a financial cushion in the event they become disabled due to an injury or illness and are unable to work for a period of time. Although Health insurance will typically cover the costs of treating an injury or illness, most people will have a difficult time paying for basic necessities if they aren’t able to work.

Short Term Disability Insurance (Weekly Indemnity)

We understand that each of our clients has a different budget and unique needs. You will be able to decide how long your employees must be off work before they may begin to collect benefits, and how long they may collect benefits. For employees under age 65, Short Term Disability insurance benefits represent 66 2/3% of their gross income to a maximum of $1,200 per week.

Long Term Disability (LTD) Insurance

Insuring employees for the long term, LTD coverage can help provide financial security so a disabled employee can focus on recovery and returning to work. Chambers Plan LTD benefits provide employees with:

  • Up to $7,000 per month
  • Benefits for 2 or 5 years, or until age 65
  • Guaranteed coverage to groups with 3 or more employees (non-evidence limits vary from $1,200 to $3,000)

We encourage you to connect with us on our Saskatoon social media platforms on Facebook, Twitter & Linkedin. 

Contact us today for a quote…. find out if you can benefit!

‘Join the Group- It’s Time To Benefit’
www.yxebenefits.ca

YXE Benefits offers the simple, stable, smart group benefits choice for Saskatoon businesses; combining accessibility, flexibility and the stability of pooled benefits. Saskatoon companies choose the Chambers group plan because it offers unsurpassed value & outstanding customer service. The Chambers plan group benefits are for Greater Saskatoon Chamber Of Commerce members.  In our latest post, we reveal our YXE Benefits Branding Video and how all the moving parts of YXE advisors, The Chambers Plan and the local Chamber fit together.

YXE Benefits Branding Video.

The YXE Benefits and our marketing team at Trusted Marketing Services have spent the past 6 months filming various scenes around Saskatoon and we are proud to launch our YXE Benefits branding video to Saskatoon.

We wanted to explain who we are, what we do and showcase some of our clients and the community activities that we engage in as exclusive representatives of the Chambers Plan in Saskatoon.

Thank you to Ryan Sutherland at Shoeless Joes and Garry Derenoski at Bridge Health for taking the time to share why you chose the Chambers Plan for your companies group benefits.

 

If you are interested in finding out more we strongly encourage you to attend a Chamber 101 event in Saskatoon. Non-members can attend this free event hosted by the Greater Saskatoon Chamber of Commerce. – see the list of events and dates here: http://members.saskatoonchamber.com/events 

We encourage you to connect with us on our Saskatoon social media platforms on Facebook, Twitter & Linkedin. 

Contact us today for a quote…. find out if you can benefit!

‘Join the Group- It’s Time To Benefit’
www.yxebenefits.ca

Teladoc Telemedicine Service Bringing Better Care To Chamber Plan Members

YXE Benefits offers the simple, stable, smart group benefits choice for Saskatoon businesses; combining accessibility, flexibility and the stability of pooled benefits. Saskatoon companies choose the Chambers group plan because it offers unsurpassed value & outstanding customer service. The Chambers plan group benefits are for Saskatoon Chamber members.  In our latest post, we share information about the Teladoc Telemedicine Service.

Teladoc Telemedicine Service
Heard of Teladoc Telemedicine Service?

While Chambers Plan continues to provide stable, comprehensive group benefits to over 30,000 Canadian firms, we are always on the lookout for opportunities to provide you and your employees with even greater value.

In a recent survey the Globe and Mail reported that  57% of Canadians reported they could not secure an appointment with their family doctor within 48 hours, and 76% of Canadians found it difficult to secure care during evenings, weekends and holidays.

Not only is this adding strain to our healthcare system, leading to exceedingly long wait times in walk-in clinics and patients progressively seeking non-urgent care in emergency rooms, but it contributes to increased absenteeism in the workplace.

We are thrilled to announce our partnership with Teladoc Health, the global leader in virtual care who provides convenient access to high-quality care for millions of people in more than 130 countries. The Teladoc telemedicine service helps members consult with a physician about non-urgent medical matters by video conference or by phone, from wherever they are, 24 hours a day, 365 days a year.

When you need a doctor, call one anytime, anywhereTeladoc Telemedicine Service

Up in the middle of the night with a sick child? Need a prescription refill but don’t want to spend hours in a waiting room? Living or vacationing in a remote location, making it difficult to obtain medical care? Chambers Plan, in partnership with Teladoc Health, now offers a solution.

During the visit, members can receive a diagnosis, treatment recommendation, and even be prescribed medicine when necessary. Every doctor is certified by the Canadian College of Family Physicians to ensure the highest standards of quality.

And the best part is, as of September 1st, 2019, Chambers Plan now offers the Teladoc telemedicine service at no additional charge to all Plan members, and their dependents, who hold a Chambers Plan Extended Health Care benefit.

Simply download the Teladoc app from Apple or Google Play, complete the quick registration, and request a consultation either by video conference or by phone.

 

A DOCTOR’S CARE. ANYTIME. ANYWHERE.

We encourage you to connect with us on our Saskatoon social media platforms on Facebook, Twitter & Linkedin. 

Contact us today for a quote…. find out if you can benefit!

‘Join the Group- It’s Time To Benefit’
www.yxebenefits.ca

Employee Benefits Fraud Case in Toronto Results in 150 Employees Terminated

YXE Benefits offers the simple, stable, smart group benefits choice for Saskatoon businesses; combining accessibility, flexibility and the stability of pooled benefits. Saskatoon companies choose the Chambers group plan because it offers unsurpassed value & outstanding customer service. The Chambers plan group benefits are for Saskatoon Chamber members.  In our latest post, we share a recent article posted regarding employee benefits fraud by The National Post: Toronto’s Baycrest hospital fires around 150 employees after uncovering multi-million dollar fraud.

Baycrest Hospital Fires 150 in Employee Benefits Fraud Case

In what could be one of the largest and longest-lasting benefits fraud schemes ever discovered in Canada, a Toronto geriatric hospital has dismissed approximately 150 employees for falsely claiming as much as $5 million in benefits over an eight-year period.

“It appears to be organized, It had to be done in such a way that it would escape at least detection by the benefits administrator… It’s a betrayal of trust.” said William Reichman, president and CEO of Baycrest Health Sciences.

As in previous scams of comparable sizes, such as the one discovered last year at the Toronto Transit Commission, this one involved misuse of prescription coverage for orthotics, knee braces, and compression stockings, but also physiotherapy.

Employee Benefits Fraud – It’s a betrayal of trust

Employee Benefits FraudBaycrest fired those employees who did not resign after a third-party internal investigation by an auditor. The investigation found that one employee had taken more than $100,000 and that several others had pocketed amounts in the $25,000 range.

The majority of those staff found to be involved were unionized. They span many job categories and include registered nurses, whose profession is regulated and licensed, such that misconduct must be reported to their college. They include personal support workers, housekeeping and cleaning staff. There are no physicians involved.

“No one profession is implicated here,” Reichman said.

No criminal charges have been filed, and none of the allegations made by Baycrest and its investigators have been proven in court. Baycrest spoke with police twice: first several months ago, then again in the last two weeks to update them on the conclusions of their internal probe.

The hospital administration “undertook to investigate this on their own,” said Det. Sgt. John Whitworth. His meetings with hospital administration were advisory, he said, and Baycrest has not formally engaged the police to investigate.

“If it involved public safety, we would take that decision out of their hands,” Whitworth said. But as it stands, he has not seen anything that demands police intervention, so the “ball was left in their court.”

“I anticipate that they will be back in touch with myself, but if they never call me back, we will never do anything with it.” Whitworth said.

Baycrest’s investigation found two main types of employee benefits fraud

In one, an employee would submit invoices for services they never received, such as physiotherapy, and pay a kickback to the provider. In another, an employee would accept unrelated products — purses, YXE benefits Saskatoonfor example, or shoes for athletics or fashion — with the provider pocketing the difference in price between those items and the prescribed medical device.

The hospital operates its own employee benefit plan from a pool funded 75 percent by the government of Ontario and 25 percent from employee premiums, so fraud against this system disadvantages both the public and the employee’s own colleagues. The plan is administered by Coughlin & Associates, based in Ottawa and Winnipeg.

Baycrest said consultants discovered the fraud several months ago when the hospital hired them to investigate a possible partnership with other hospitals in a network of approved providers. By looking at Baycrest’s providers, the consultant recognized some from other cases of benefits misuse involving orthotics, orthopedic shoes, compression stockings, and braces.

“That’s where we see the most misuse,” said Gordon Burke, president of Orion Audit Ltd., the company that conducted the investigation. This area of medical supply is “highly unregulated.”

About 150 employees summoned to meetings at Baycrest

The roughly 150 employees had been summoned to meetings at Baycrest Wednesday where they were told of their fates. Private security patrolled the campus as fired employees were escorted into taxis or given a few minutes to get their car and return their parking pass. By the end of the day, all those who had not already proactively resigned were terminated for violating the hospital’s code of conduct and the trust of its administration.

Baycrest hospital fires around 150 employeesOne of the employees fired Wednesday, who was in the higher range of misused benefits and agreed to share the formal dismissal letter with the National Post on the condition they not be named, said the scam was promoted by “co-workers.”

The employee said they went to a chiropractor, received invoices to submit, then kicked back cash to various people at the chiropractor’s office. The kickback ratio was different for different employees. The employee did this for three years and had already stopped after discussion with their spouse by the time the chiropractor closed a couple of years ago.

The letter reports the hospital’s findings that “you, and/or members of your immediate family, have committed multiple acts constituting fraud and/or theft… You deliberately and intentionally engaged in dishonest and unethical behaviour. For this reason, you have irreparably damaged our trust in you.”

No one profession is implicated here

This “willful misconduct” is “grossly inappropriate in any work environment,” the letter reads.

“Not everybody is taking advantage,” said another of the fired employees, a woman who was dismissed after 15 years working in hospitality. She said Baycrest was treating her unfairly by not giving her a second chance and an opportunity to pay back the money in question. She said she learned of the scheme from a co-worker and began claiming for physiotherapy she did not receive in 2012 but stoppedBaycrest hospital fires around 150 employees two years later.

She said she knew it was against policy, but given that she was paying more each month into a health benefits plan than she was actually using, she felt she deserved it.

“That’s why people do things,” she said.

Some of the schemes could have involved the innocent participation of medical device retailers, Reichman said. Some schemes necessarily involved unscrupulous behaviour by retailers, such as taking kickbacks or offering non-medical consumer goods instead of prescribed devices. But Baycrest’s investigation encompassed only its own employees and made no conclusions about providers.

The date range of eight years reflects only available records, Reichman said, so in theory, the fraud could have been going on for longer.

It’s against our values

“It’s against our values,” said Reichman. “Honesty is an important character trait that you look for in people who are entrusted to take care of other people.”

“I’m very disappointed. I walk by those staff every day in the parking lot and the halls of this place,” he said.

health benefits for employees SaskatoonThis huge instantaneous reduction in staffing levels — some 150 of the hospital’s roughly 1800 employees — was a potential crisis for the hospital, which has been planning the mass dismissal for weeks.

Some new staff have been hired, part-timers have been urged to take on more hours, staffing agencies have been hired and other contingency plans put in place.

With a total loss between $4- and $5-million, according to Reichman, plus the costs of investigation, the Baycrest scheme might be even larger in financial terms than the massive Toronto Transit Commission fraud, in which more than 200 people were fired in 2018 in a scheme that bilked the transit service of as much as $5 million.

That case, in which employees took cash kickbacks from an orthotics provider after submitting fraudulent invoices, led to criminal charges against ten people, of which one was withdrawn and nine resolved with guilty pleas.

In 2017, Toronto’s St. Michael’s Hospital fired 31 people in a similar fraud that totalled about $200,000.

Those cases have driven a new interest among employers in the law around benefits fraud, said Ryan Conlin, an expert in employment law and a partner at Stringer LLP.

I walk by those staff every day in the parking lot and the halls of this place

“Any time you enter into a situation where you accuse an employee of fraud, you better be sure you can prove it,” he said. Even with documentary proof, an employer can be in for a fight, he said, as indicated by the TTC case where there have been arguments about the degree to which benefits misuse was officially tolerated.

“Usually there’s one person coordinating it. These schemes have a certain degree of sophistication to them.” Conlin said.

People in credentialed professions are willing to participate

Typically, a group of criminals know people in credentialed professions who are willing to participate in these schemes in exchange for cash, said Gary Askin, a former Waterloo Region police officer and Saskatoon employee benefitsnow assistant vice president, fraud risk management at Sun Life, a large insurance provider. They seek out generous benefit plans and often have a “predatory” recruiter among staff who can help employees rationalize the fraud. Basically, this is a con, he said, and when it goes bust, the providers are holding cash, and the paper trail points to the employee.

He said the industry has to look at more tools such as delisting unscrupulous providers, civil action and contacting Canada Revenue. He said there is also a push for new provincial offences to levy fines on providers, without burdening the police.

Michel Quenneville, president of Coughlin & Associates, Baycrest’s benefits administrator, said his company has “rigorous standards and protocols in place to defend against and detect such activities. This situation has only served to reinforce our commitment to vigilance and an ongoing process of continuous improvement. A number of measures have been implemented to further guard against similar misuse.”

Baycrest would not say the degree to which it discovered the scheme’s leadership, other than to say the whole thing was “organized.”

“It wasn’t known to us and it wasn’t known to our benefits administrator,” Reichman said.

We encourage you to connect with us on our Saskatoon social media platforms on Facebook, Twitter & Linkedin. 

Contact us today for a quote…. find out if you can benefit!

‘Join the Group- It’s Time To Benefit’
www.yxebenefits.ca

YXE Benefits Plan

YXE Benefits Facts- Saskatoon Group Dental Benefits

YXE Benefits offers the simple, stable, smart choice for Saskatoon businesses; combining accessibility, flexibility and the stability of pooled benefits. Saskatoon companies choose the Chambers group plan because it offers unsurpassed value & outstanding customer service. The Chambers plan group benefits are for Saskatoon Chamber members.  In our latest post, we discuss Saskatoon Group Dental Benefits.

Saskatoon Group Dental Benefits -It’s A Mouthful

Saskatoon Group Dental Benefits Dentists are known for protecting our teeth and gums from dental disease, but did you know they can also save your life?

In addition to inspecting your mouth for cavities, dentists use checkups to screen for several different health issues by spotting symptoms that could indicate serious medical problems elsewhere in the body. It’s often during this routine check dentists discover signs of a problem in the form of colour variations, small sores, and changes in saliva. Just by looking in your mouth dentists can identify signs of cancer, leukemia, lymphoma, Crohn’s disease, diabetes, skin diseases, autoimmune diseases and more.

Your oral health can also have an effect on your overall health. Dentists identify, prevent, and treat gum disease, which can have a significant effect on the rest of your body. Studies have shown gum disease can heighten the risk of heart disease, strokes, and pneumonia. Visiting your dentist every six months is a key component of maintaining good oral and overall health, but it can be expensive if you don’t have the proper dental coverage.

The Chambers of Commerce Group Insurance Plan offers a wide range of dental options, designed to meet a variety of budgets and employee expectations. Basic coverage includes such things as check-ups, cleanings and x-rays; while more comprehensive coverage includes services like crowns, dentures and orthodontic services. So take a few moments and make sure your dental plan is up-to-date. A regular visit to the dentist will not only help you to maintain a healthy smile but a healthy body as well!

We encourage you to connect with us on our Saskatoon social media platforms on Facebook, Twitter & Linkedin. 

Contact us today for a quote…. find out if you can benefit!

‘Join the Group- It’s Time To Benefit’
www.yxebenefits.ca

Health Insurance Benefits and Taxation

YXE Benefits offers the simple, stable, smart choice for Saskatoon businesses; combining accessibility, flexibility and the stability of pooled benefits. Saskatoon companies choose the Chambers group plan because it offers unsurpassed value & outstanding customer service. The Chambers plan group benefits are for Chamber members.  In our latest post, we discuss health insurance benefits and taxation.

Health Insurance Benefits and Taxation

When you get your T4 slip in January or February, you may wonder why the employment income reported in Box 14 is higher than the salary or wages you earned for the year. That’s because your employer must report premiums it pays for certain group benefits and the value of some perks as a taxable benefit, and you must pay taxes on those amounts.

In addition, both you and your employer have to make Canada Pension Plan contributions on the value of all taxable benefits plus Employment Insurance contributions on taxable benefits you receive in cash.

Here is how the Canada Revenue Agency (CRA) treats employee benefits for tax purposes:

1. Group life/health premiums

Employer-paid premiums for group life insurance, dependent life insurance, accident insurance and critical illness insurance are taxable benefits and the amounts paid on your behalf will be added to your taxable income. You may also be able to claim health insurance premiums you paid as a tax credit.

2. Group short- or long-term disability

Employer-paid short-term disability (STD) or long-term disability (LTD) premiums are not taxable benefits. However, when your employer pays any amount towards your STD or LTD coverage, any benefits you may collect in future will be taxable.

3. Pension plan/Group Registered Retirement Savings Plan

Your employer’s contributions to a registered pension plan on your behalf are not taxable. However, when your employer contributes to or matches your group RRSP contributions, this amount is viewed as taxable earnings that increase your income. If you notify your employer that you have sufficient RRSP contribution room, your employer may deposit the full amount into your RRSP account without any withholding tax being deducted. And as long as you have RRSP contribution room, you can deduct the total amount contributed to your RRSP in the year of contribution or a future year. Be aware, however, that your employer’s contribution to your pension reduces your RRSP contribution room the following year, via the “pension adjustment” that is reported on your T4 and that the CRA notifies you about every year.

 

We encourage you to connect with us on our Saskatoon social media platforms on Facebook, Twitter & Linkedin. 

Contact us today for a quote…. find out if you can benefit!

‘Join the Group- It’s Time To Benefit’
www.yxebenefits.ca

 

 

 

Extended Health Benefits Of The Chambers Plan

YXE Benefits offers the simple, stable, smart choice for Saskatoon businesses; combining accessibility, flexibility and the stability of pooled benefits. Saskatoon companies choose the Chambers group plan because it offers unsurpassed value & outstanding customer service. The Chambers plan group benefits are for Chamber members.  In our latest post, we discuss Extended Health Benefits.

With quick claim payments, rate stability, and guaranteed renewable coverage, the Chambers Plan makes it easy for you to invest in the health and well-being of your employees. 3,000 small businesses just like yours join the Plan every year across Canada. Our local YXE Benefits advisors will design a plan to fit your needs and your budget from an array of benefits and options, including extended health benefits!

Extended Health Benefits.

Health insurance helps employees and their dependents pay for necessary medical expenses that aren’t covered by their provincial plan. The Chambers Plan Health options cover up to 100% of eligible costs and provide affordable health insurance for what Canadian employees need most: prescription drugs, paramedical services, vision care, emergency travel insurance and medical equipment and supplies.

Extended Health Benefits Prescription drugs Saskatoon

Prescription Drug Coverage

You want a prescription drug plan that is affordable, easy to use, provides comprehensive coverage and can save time and money. The Chambers Plan uses TELUS Assure pay direct cards for easy, convenient, real-time adjudication of drug claims right at the point of purchase.

The Chambers Plan also uses the TELUS Health National Formulary – an evolving list of prescription drugs that ensures coverage and accessibility to safe, cost-effective, quality drug therapies. The Plan pairs the formulary with a second, higher co-pay tier to encourage patients to make smart choices while providing coverage for the most frequently dispensed medications. Read more about the National Formulary

Paramedical Practitioner Services

Chambers Plan Health options cover many paramedical practitioner services at the usual and customary rates, with maximums ranging up to $600 per person per type of service in a calendar year.

Audiologists / Chiropractors / Podiatrists and Chiropodists / Massage Therapists / Acupuncturists / Physiotherapists / Licensed Speech Therapists / Licensed Clinical Psychologists / Naturopaths / Osteopaths / Clinical Dieticians

Medical Equipment and Supplies

  • Up to $25,000 per person toward home nursing care
  • Emergency ground or air ambulance to the nearest hospital
  • Up to $700 per person toward the purchase and installation of a hearing aid

Emergency Travel Insurance

Emergency travel insurance for employees and their dependents is included in every Chambers Plan Health option. Travel insurance includes coverage for eligible expenses resulting from a medical emergency outside an employee’s province of residence and includes services such as:

Telephone translation services / Emergency medical funding and evacuation / After-hospital care and nursing / Returning dependent children to their home / Trip interruption / Return of vehicle

Extended Health Benefits

Vision Care (Glasses, Contacts, Eye Surgery)

The Chambers Plan offers up to $200 of Vision Care benefits per individual.

Your YXE Benefits Chambers Plan advisor in Saskatoon can provide a complete list of Extended Health Care benefits based on the option you choose.

We encourage you to connect with us on our Saskatoon social media platforms on Facebook, Twitter & Linkedin. 

Contact us today for a quote…. find out if you can benefit!

‘Join the Group- It’s Time To Benefit’
www.yxebenefits.ca

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