Beyond the Basics
Value-Added Services for your Business
Assisting with Employee Rewards, Programs and Policies.
What We Are Great At
We go beyond negotiating group insurance renewals and implementing retirement plans to help you structure the full spectrum of benefits for your workplace. Most of our specialty services are included as part of our basic offering, allowing you to get more out of your benefit investment.
SOME OF OUR SPECIALTY SERVICES
Health and Wellbeing
HEALTHY, PRODUCTIVE WORKPLACES
Today’s workplaces naturally include stressors that were not present a generation ago. A wellness program adapted to the risks factors in your organization is key to maintaining a healthy and productive workforce.
- Design and launch of wellness initiatives
- Sourcing of wellness tools and vendors
- On-site fitness, paramedical and nursing services
TOTAL REWARDS APPROACH
Benefit programs represent a sizeable investment for employers, yet they are often poorly communicated and under-appreciated; taking a back-seat to base pay. To maximize the value and return of these programs, regular communication must be a priority.
- On-site employee presentations
- Personalized communication materials for your benefit plans
- Education capsules
REDUCING THE FREQUENCY AND DURATION OF SICKNESS
Disability plan costs are increasing as both incidence and claims duration increase. While many organizations focus their efforts on managing few but complex cases, the impact of short but frequent absences can be just as harmful to the workplace.
- Policy and procedure development
- Third party disability management
- Return-to-work programs
Drug Plan Management
NAVIGATING THE CHANGING LANDSCAPE
Prescription drug costs are an increasing area of cost exposure for employers offering group insurance plans. Health plan costs continue to increase at rates that exceed CPI, on average 8-10%, driven in large part by high cost specialty drugs. Pooling (stop-loss) costs are also increasing at an alarming rate as insurers manage their risk exposure.
- Trend analysis
- Pooling/stop-loss protection
- Large claimant management
Benefits Administration Outsourcing
COMPETITIVE BENEFITS WITHOUT THE ADMINISTRATIVE HEADACHE
If benefits administration is tying up too many of your internal resources, we can take over. Consider us an extension of your HR or payroll team, responsible for onboarding new employees, ensuring the correct forms are completed at the right time; and advising your insurance companies of enrolments, changes, salary updates, or any other requirements to keep your plans running smoothly.
INSURING EXPATRIATES, INPATRIATES AND GLOBAL NOMADS
Mobile employees present additional challenges and risks to domestic insurers and should be offered protection unique to their needs. We work with a range of specialty insurers that can provide disability and health care coverage regardless of jurisdiction, security repatriation as well as cover other special risks.
CONNECTING WITH THE ‘ME’ GENERATION
Increasingly, employees are asking for choice and flexibility. With five generations in the workplace, it’s difficult to design a program that will meet the the multiple needs of such a diverse group of employees. Voluntary benefits allow employers to act as a facilitator – while there is no financial contribution from the employer – these types of plan still add value through convenient access, payment through payroll deductions, and group pricing.
- Life Insurance
- Critical Illness
- Wellness/Lifestyle solutions
WHAT BASIC PROGRAMS OMIT
Executives have particular needs that may not be addressed by the benefit programs due to limitations or restrictions, often related to income. Through the placement of individual insurance, Vita can fill these gaps, as well as reduce risks related to key man or shareholder obligations.
- Life and disability top-up for high income earners
- Key man insurance
- Insurance to meet shareholder agreement needs