At Strata Wellness we truly believe in the value of working with an independent benefit specialist.  By working to understand your unique circumstances your benefit specialist can create a solution that fits your unique needs.  By taking a pro-active, client focussed approach to your benefit plan Strata Wellness works with you to make sure that you and your entire team get the most out of the investment that you make as a business owner in your benefit plan.

At Strata Wellness we work with employers to establish a variety of styles of benefit plans depending on which ones fit your situation best.  These options include:

• Insured Benefit Plans – This is what people traditionally think of when they think of benefits.  It is provided by an insurer and can be set up to provide you with things like:
  • Life Insurance for the employee and their dependents
  • Disability insurance to replace income lost due to illness or injury
  • Healthcare related expenses, including things like charges for staying in the hospital, trips to paramedical services ()physiotherapy as an example) and prescription drug coverage
  • Dental care expenses, covering the costs of things like cleanings, fillings, x-rays, etc. that occur during regular trips to the dentist
  • Emergency out of country coverage, eliminating the need for purchasing travel medical insurance for short trips out of the country.
    
• Healthcare Spending Accounts – Commonly referred to as HSAs, these plans allow employers to allocate a predetermined amount of dollars each year for their employees to spend on healthcare and dental expenses.  The plans are very flexible and very tax efficient, providing employees with the flexibility to cover expenses the way that they want to.
  
• Workplace Savings Plans – These are payroll deducted savings plans.  Most commonly they fall into the category of Group RRSP, Defined Contribution Pension Plans, and Deferred Profit Sharing Plans.  There are also options for things like Tax-Free Savings Accounts, Registered Education Savings Plans and First Home Savings Accounts.  These are all options where an employer can set up a payroll deduction for employees to allow them to save for their future, often encouraging them to do so by offering employer contributions to the plans as well.

If you are an employer you face significant pressures when it comes to hiring, training and maintaining an efficient workforce.  Having high employee turnover or difficulty hiring is often a sign that it is time to either install a benefit plan or review what you already have in place.  At Strata Wellness & Benefits it is our goal to be your primary resource for any benefit related questions that you may have.  No question is too big or too small. Contact us today.