5 Reasons to Add a Benefit Plan
Posted In: Employee Benefits Planning

5 Reasons to Add a Benefit Plan

1. Helps attract key employees.

It’s now a necessity for employers in today’s work force to be competitive in the pursuit of talent. Employee Benefits Plans play a key role in attracting and retaining employees.

2. Keeps employees satisfied.

Employee Benefits Plans contribute to employee job satisfaction. There’s a positive relationship between how plan members perceive their benefits plan and their job*. (*Source: 2012 Sanofi Canada Healthcare Survery)

3. Fosters a healthy workplace.

Benefits help foster a healthy, productive workforce and help employees manage their health by reducing absenteeism and improving productivity.

4. Group buying power = attractive rates.

You and your employees have access to insurance at a reduced cost compared to most individual medical plans.

5. Tax deductible business expense.

The premiums paid by the employer are a business expense deduction, making your Employee Benefits Plan cost effective.


An Employee Benefits Plan is an arrangement to share the financial risk of health related expenses among a group of people. With an Employee Benefits Plan, when a member of the group becomes ill or requires service, she is financially compensated by the plan according to the terms of the contract.

Businesses with as few as 2 employees can qualify for a plan!

Plan Designs

Designing an Employee Benefits Plan that meets your business’ needs and the needs of your employees takes careful planning. Elementus Wealth Management can help you determine the benefits you require to build a plan that effectively aligns with your business.

Benefits you can choose include:

  •  Life Insurance and AD&D
  • Short Term Disability (STD)
  • Long Term Disability (LTD)
  • Healthcare and Visioncare
  • Dentalcare
  • Critical Illness
  • Employee Assistance Program
  • Health Spending Account
  • Cost Plus


Every plan is different. The cost depends on many factors including your employee’s demographics, your business’ industry, and the plan design. Employee Benefits Plans are affordable and can cost as little as $0.25 per hour per employee. We can work within almost any budget to put a plan in place.

Your rates are guaranteed by the insurer for 15 months and the plan renews every 12 months after that.


Elementus Wealth Management Inc. works with the top insurers in the industry that offer plan member and provider eClaims nation-wide.

Peace of Mind: Included with the top carrier’s healthcare benefit, Best Doctors connects seriously ill plan members and their treating physicians with world renowned specialists to confirm the right diagnosis and the right treatment options.



Jeff Devlin, CFP

Elementus Wealth Management Inc.