Understanding Small Business Health Benefit Plans

Small business employee benefits

Are you one of the 72 percent of small business owners that are worried about health benefits and the cost of your employee health benefit plans? One of the primary concerns can be about maintaining affordable premiums. Using a Smart Plan mitigates against unstable premiums and unreliable benefits.

About two thirds of Canadian employers worry that their health benefit plans do not meet certain quality criteria. Having proper health insurance coverage and small business employee benefits can also be a competitive advantage in the job market when employees look for better health benefits.

Just over 90 percent of Canadians prefer their healthcare system to the alternative American system according to a Strategic Counsel survey. That means that their is an inherent burden on the employer to provide options for additional coverage. Small business health plans are constantly evolving to help you maintain your advantage.

Again, the responsibility is on the owner to offer small business health plans since approximately 75 percent of Canadians receive supplemental insurance through their employer. When recruiting new employees, this can be primary advantage over your competition. Making this available does several things. First, it allows employees to receive more comprehensive health benefits. Then it allows you to illustrate a greater benefits package in addition to salary or wages.

The 1984 passage of the Canada Health Act, CHA, provides the conditions and regulations for health benefits programs and receiving federal transfer payments. You can consult with health benefits providers to detail how this might affect your individual business situation.

As part of offering your Canadian employee health benefits plan, you can also find guidance in packaging health benefits without impacting life and disability coverage. Typically, you will have to unbundle these benefits to determine the health benefit premiums and to determine the administration costs. This allows you to further create a funded high deductible insurance for each employees health benefit account.

19 thoughts on “Understanding Small Business Health Benefit Plans


  1. Determining what level of health benefits to provide can be a dicey small business decision. I sympathize with the 60 percent that worry about their provided benefits.

  2. Determining what level of health benefits to provide can be a dicey small business decision. I sympathize with the 60 percent that worry about their provided benefits.

  3. Determining what level of health benefits to provide can be a dicey small business decision. I sympathize with the 60 percent that worry about their provided benefits.

  4. Determining what level of health benefits to provide can be a dicey small business decision. I sympathize with the 60 percent that worry about their provided benefits.

  5. Determining what level of health benefits to provide can be a dicey small business decision. I sympathize with the 60 percent that worry about their provided benefits.

  6. Determining what level of health benefits to provide can be a dicey small business decision. I sympathize with the 60 percent that worry about their provided benefits.

  7. Determining what level of health benefits to provide can be a dicey small business decision. I sympathize with the 60 percent that worry about their provided benefits.

  8. Determining what level of health benefits to provide can be a dicey small business decision. I sympathize with the 60 percent that worry about their provided benefits.

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