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Canadian Employees Considering A Career Change Due To Pandemic

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 how Canadian employees consider a career change in relation to their mental well-being from the Covid-19 pandemic.

Canadian Employees Considering A Career Change Due To Pandemic

As we pass the 1 year anniversary of the Covid-19 pandemic, it has Canadian employees considering a career or job change. According to Morneau Shepell Ltd’s mental-health index, almost 1 in 4 Canadian employees (24%) are considering a different occupation or job.

Employees have noted they believe their employers have handled health and safety, technology and flexible work hours well. However, with employee’s mental well-being continuing to be a key issue since the Covid-19 pandemic began, it demonstrates that maintaining the status quo is not enough for employers to retain specifically younger employees. Employees under the age of 40 are more likely to reconsider their job as compared to Canadian employees over the age of 50.

Employers Need To Prioritize Employee Communication & Well-Being

Employers need to be proactive in prioritizing communication and the well-being of employees in everything they do. 81% of Canadians say Covid-19 is negatively affecting their mental health, and of note, a significant percentage of employees are considering changing careers despite having positive opinions of how their employer handled the pandemic.

With new information constantly being released, employers must continue to check in on their employees well-being to maintain a productive and healthy workforce.

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

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

www.yxebenefits.ca

The Chambers Plan Dental Coverage: What a Mouthful!

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 dental coverage benefits offered through The Chambers Plan at YXE Benefits Saskatoon.

The Chambers Plan Dental Coverage: What a Mouthful!

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!

What is Included in Dental Coverage with The Chambers Plan?

Whether you’re looking for basic maintenance or major coverage, our Dental insurance plans can help cover the cost of dental care for your employees and their families. Payments for Dental claims are typically processed within 48 hours. Employees can also track claims, review coverage and even see when they’re next eligible for a check-up by going online and using my-benefits.

Basic Dental coverage can include:

Check-ups and complete dental exams
Fluoride, polishing and scaling
Dental x-rays, periapical films and panoramic film
Pit and fissure sealants
Minor restorations including fillings and prefab crowns
Oral surgery – removal of erupted or impacted teeth or residual roots, and associated anesthesia

Endodontic and Periodontal procedures include:

Root canal therapeutics
Gum treatment

Major Dental coverage can include:

Crowns and onlays, dentures and bridges
Denture relining and rebasing, repair of dentures or bridgework

Orthodontic Dental coverage can include:

Orthodontic exams, X-rays and casts
Braces and retainers for dependents not yet 17 years old

Take care of your employees with dental coverage through The Chamber Plan. Get a free quote from YXE Benefits today.

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

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

www.yxebenefits.ca

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?

Contact 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.

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

www.yxebenefits.ca

The Chambers Plan Group Retirement Savings Plan In Saskatoon

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 on The Chambers plan group retirement savings plan.

The Chambers Plan offers an innovative group retirement savings plan designed to help Saskatoon businesses like yours be competitive and assist in your employees’ future financial needs.

Stay Competitive With a Group Retirement Savings Plan

Submit contributions
Access support tools and reports that are easy to read and understand.

Having access to our online retirement planning tools, statements, and educational materials, Chambers Plan Group Retirement Solution works well with your company’s overall compensation approach by enhancing the future financial security of your employees and their families. Implementing a comprehensive retirement savings plan will help you to stand out when recruiting and retaining employees and create a sense of long-term loyalty and pride in your team.

Benefits to Your Employees

Low fees. The investment management fees (IMFs) in a group plan are typically lower than the management expense ratio fees charged by individual mutual funds and banks.
Immediate tax savings. Employees see immediate tax savings with the group RRSP if contributions are deducted from their gross pay, which means they pay income tax only on the reduced amount.
Simple online administration:
- Fast and easy online enrolment
- A secure website featuring comprehensive education and support tools
- Ongoing online administrative support, including access to live support through our customer service centre and from licensed financial education specialists
- An annual statement that is mailed to the employee’s home, summarizing account activity

See related YXE Benefits posts on group benefits.

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

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

Accidental Death and Dismemberment Benefit explained by YXE Benefits Team

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 shed light on Accidental Death and Dismemberment Benefit (AD&D).

A Group Benefit with Big Value

In a matter of seconds, an accident can drastically change a life. If that accident happens to one of your employees, your Chambers of Commerce Group Insurance Plan can offer support.

Accidental Death and Dismemberment benefit offers a lump sum payment in the event of death, loss of limb, or any qualified injury resulting from an accident.

Benefits are paid out in addition to other types of coverage so in the event of a loss of limb, for instance, an insured might receive disability payments as well as an AD&D payment.

In the case of accidental death, an insured’s beneficiary would receive the traditional group life insurance benefit as well as a second, equal amount, through Accidental Death and Dismemberment coverage.

Covers recovery-related expenses

If a serious injury occurs, the employee will likely face many challenges as they recuperate.

To help with recovery, the Chambers Plan Accidental Death and Dismemberment benefit will cover up to $15,000 of expenses for occupational training, and up to an additional $5,000 is available if you require special adaptive equipment or workplace modifications.

Group Benefit not limited to the Saskatoon workplace

Together these payments can form the foundation of a program to help the employee re-enter the workplace after an accident. But Accidental Death and Dismemberment benefits aren’t limited to the workplace.

Recognizing that an injury can affect how the individual interacts with his or her surroundings, there’s a benefit of up to $50,000 to modify the home or vehicle when a wheelchair becomes necessary as a result of the accident.

Accidental Death and Dismemberment Benefit can provide vital support at a critical time for Employees

This money can be used to offset the cost of projects like ramp installation, changes to the layout of the house, and vehicle control modification.

With the Chambers Plan, Accidental Death and Dismemberment benefits are extensive and included in every benefits package. It is an often-overlooked benefit but can provide vital support at a critical time.

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

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

YXE Benefits Shares 2019 Buck Survey Indicating That Drug Claims Are Expected to Rise

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 the information from the recent Drug Claims Expected to Rise in 2019 Survey.

Prescription Drug Costs represent the majority of private Health Spend

Benefit plan sponsors can expect to see a three to five per cent increase in prescription drug claims in 2019, according to Buck’s annual Canadian health-care trend survey.

However, the survey noted, since insurance providers also add a market inflation factor, the projected increase is actually 10.99 per cent, down from 12.45 per cent in 2018. Based on 2018 claims trends, the survey found prescription drug costs represent the majority of private payer health spend and have the greatest influence on employer benefits cost trends.

“Our survey shows that although actual drug claims remain relatively stable, insurers continue to project a faster rate of increase due to market inflation.” Buck Survey 2019

Dental Benefits usage also on the rise

It also found the use of dental services is on the rise, increased slightly over the past two years to 5.86 per cent in 2019. And while hospital inflation factors consistently reduced between 2015 and 2018, this trend reversed in 2019 with the insurer trend increasing to 10.03 per cent from 2.6 per cent in 2018. However, this cost represents a relatively small portion of plan spend.

“Insurance providers factor projected market inflation into the rate-setting calculation, and this has the potential to drive plan costs both higher and faster than the actual trend in health-care spending.”

Medical advances and other factors to influence health care costs

The survey noted medical advances, demographic trends and regulatory oversight will influence health-care costs over the next few years, so employers should consider how their plans will evolve to ensure employees are healthy and productive while keeping costs under control.

“Medical, prescription drug and dental care coverage make up an important component of employees’ total compensation. To help contain costs, companies need to think creatively about how they can encourage a healthy lifestyle for employees and embrace medical advances in testing and treatment to achieve better health outcomes.”

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

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

Chambers Plan EMPLOYEE ASSISTANCE PROGRAM (EAP)

YXE Benefits offers the simple, stable, smart choice for Saskatoon businesses; combining accessibility, flexibility and the stability of pooled benefits. Saskatoon companies choose The Chamber 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 benefits fraud and we also share information for employers on the Employee Assistance Program (EAP).

EMPLOYEE ASSISTANCE PROGRAM (EAP)

What if there was a way to help your employees deal with problems before they escalated into serious issues that result in absenteeism or even lead to disability claims?

An EAP can help:

Reduce and manage employee absenteeism
Reduce healthcare and disability costs
Increase employee morale, productivity and job performance
Reduce employee turnover and associated expenses

An EAP can create savings for you and provide your employees support when life’s challenges make it difficult to concentrate on work. The Chambers Plan Employee Assistance Program provides confidential, one-on-one counselling with a designated psychosocial professional.

When life’s challenges make it difficult to concentrate on work, support for you and your employees is available through the Chambers of Commerce Group Insurance Plan Employee Assistance Program (EAP) – Arive®. This confidential service provides access to professional counselling and guidance from experts who understand how coping with personal issues affects absenteeism and productivity on the job.

The Chambers Plan Arive® EAP can complement any human resource department. It is also a good solution for businesses without internal HR support to help individuals deal with complex issues best resolved with the assistance of accredited professionals. External one-on-one consultation is often financially out of reach for many employees; through the Chambers Plan Arive® EAP, you and your staff now have access to expert advisors and clinical assistance.

Professional Support for Individuals

Confidential, face-to-face counselling with a designated counselling professional, for employees experiencing personal problems, including:

• Family challenges/Personal problems

• Work-related difficulties

• Addiction/Dependency concerns

• Eldercare issues

Telephone consultation for Nutrition counselling

Also includes private telephone consultation for:

• Legal issues

• Financial struggles

• Childcare information

EAP- Additional Support for Management

Management Guides and Bulletins

Guides and bulletins written by experts who understand the stresses and complexities of employee management on such topics as:

Handling mental health issues in the workplace
Holding better meetings
Attracting and retaining great employees
Dealing with addiction issues
Bridging the generation gap
Managing absenteeism, and more.

Critical Incident Stress Debriefing (CISD)

In the event of an armed robbery, unexpected death of a co-worker, major occupational injury or other critical incidents – immediate help is available. A counsellor will help you design communications, a support plan, and employee information sessions to best suit the situation. Intervention may be in-person or by telephone, as determined in the initial contact.

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

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

Archive

Canadian Employees Considering A Career Change Due To Pandemic

Canadian Employees Considering A Career Change Due To Pandemic

Employers Need To Prioritize Employee Communication & Well-Being

The Chambers Plan Dental Coverage: What a Mouthful!

The Chambers Plan Dental Coverage: What a Mouthful!

What is Included in Dental Coverage with The Chambers Plan?

Basic Dental coverage can include:

Endodontic and Periodontal procedures include:

Major Dental coverage can include:

Orthodontic Dental coverage can include:

YXE Benefits Shares 2019 Buck Survey Indicating That Drug Claims Are Expected to Rise

Prescription Drug Costs represent the majority of private Health Spend

“Our survey shows that although actual drug claims remain relatively stable, insurers continue to project a faster rate of increase due to market inflation.” Buck Survey 2019

Dental Benefits usage also on the rise

“Insurance providers factor projected market inflation into the rate-setting calculation, and this has the potential to drive plan costs both higher and faster than the actual trend in health-care spending.”

Medical advances and other factors to influence health care costs

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