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  • Own a Small Business? Here’s how to choose the right benefits plan

    It's easier thank you think...

    By John · 0606/0101/2121 04:23 pm · 0 Comments

    Choosing a benefits plan can be difficult. With so many options on the market, and so many individualized needs, finding a plan can be a confusing experience. Here are some tips that will help you decide on the best plan for you and your employees.

    Step 1: Determine the unique needs of your business.

    This is the most important part of the extension/conversion process. First, evaluate your current/past benefit plans – what worked for you in the past? Were there any gaps in coverage? Were employees seeking more?

    Second, determine who you need coverage for – do you have a spouse and/or children who need coverage as well? 

    Third, evaluate what your values are as a company – what do you believe is essential to provide to your employees

    Once you’ve determined your coverage needs, proceed to step 2.

    Step 2: Obtain quotes

    Did you know that you can extend your benefit plan with any of the major providers in Canada? Based on the needs determined in step one, you can contact major providers like Manulife, Sunlife, Canada Life and Greenshield Canada to obtain quotes.

    With so many options, this step can quickly become tedious, and may leave you feeling confused as to which plan suits your need best. 

    Thankfully, ConvertBenefits has created a free tool to compare benefits based on your needs and budget, which you can find here: https://www.convertbenefits.com/health-dental-conversion/

    Step 3: Decide

    With your needs clearly defined and your quotes received, you’re now ready to commit to a plan. Still have questions? Book a free consultation with our team now to clear up any confusion. 

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    Own a Small Business? Here’s how to choose the right benefits plan

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