Group Insurance

Trends that have evolved over the last few years have come together to make group insurance one of the most important factors that effect both employee’s and the companies that employ them.

Things to consider:

In the year 2001, all forms of employee benefits accounted for over 40% of gross annual payroll costs. Value for your benefit dollar is more than just good rates more importantly it is obtaining recognition and value from your staff.

In the last few years low unemployment has been the catalyst in creating competition for companies to attract and retain quality employees. An effective and efficient benefit package can help define a well-run business.

With health care costs rising and provincial budgets being cut, health care plans are required to “fill the gap”.

Advantages for Employer

  Benefits attract and retain qualified employees.

  Expenditure toward group benefits is tax deductible as a business expense.

  Foster a healthy workforce & therefore improve morale, productivity and efficiency.

  Can be provided in lieu of monetary compensation.

Advantages for Employee

  Benefits received may not be considered a taxable benefit.

  No need to use after tax money to purchase various types of insurance.

  Does not usually require medical evidence of insurability.

  Group insurance can be less expensive than individual.

So what do we do for you?

As independent insurance consultants MMFI have a set of service standards that we believe are second to none in the industry:

  Benefit Consultants that specialize and participate in group and only group insurance

  Tailor make your plan to suit your needs

  Comprehensive market search comparing each insurance companies cost & quality of benefit

  Full report on findings with recommendations

  Implement your plan

  Educate your employees about their plan on site

  6 month rate reviews

  Review the plan every three years in the market place to ensure you are getting the best pricing
       possible

Employee Benefit Packages

We offer traditional employee benefit packages for companies with 2+ employee’s. There can be several components that make up an employee benefit plan.

  Life Insurance

  Accidental Death & Dismemberment

  Dependant Life Insurance

  Extended Health Care

  Dental Care

  Short Term Disability

  Long Term Disability

Our Benefit Consultant tailor makes a plan to suit the individual needs of your company and its employee’s.

Self Insurance

Through our association with the Johnston Group we are able to offer a new exciting alternative to the traditional employee benefit plan. This is available to companies that have more than 35 employees. The difference in premium payment can be substantial for larger companies with savings of up to 30% being reported.