Group Benefits
Smart Benefits: Why Group Benefits Plans Are a Must-Have for Ontario Businesses
As a business owner in Ontario with 10 to 60 employees, you’re no stranger to the challenge of building and keeping a great team. Competitive salaries matter – but more and more, employees are looking at the *whole* compensation picture. A well-structured group benefits plan is one of the most effective tools you can use to support your team, improve performance, and control long-term costs.
Top 5 Reasons to Offer Group Benefits
1. Attract and Retain Top Talent
Today’s job market is competitive, and employees are looking for more than just salary. A solid group benefits plan can be the difference between landing that ideal candidate – or losing them to another offer. For current staff, benefits show that you care about their well-being, which strengthens loyalty and reduces turnover.
2. Improve Productivity and Reduce Sick Days
When employees can access dental care, vision, prescription drugs, and extended health services like physiotherapy or massage, they’re more likely to stay healthy and focused. Many plans also include mental health support, virtual care, and Employee Assistance Programs (EAPs), which reduce burnout and stress-related absences.
3. Support Health and Wellness
Modern benefits plans go beyond just medical and dental. Options like health and wellness spending accounts, fitness reimbursements, critical illness coverage, and travel insurance support every stage of life – and help create a culture that puts people first.
4. Strengthen Company Culture
Group benefits help foster loyalty and a stronger sense of belonging. They show that you’re thinking beyond the bottom line – and building a workplace where people feel secure and valued.
5. Gain a Strategic Financial Advantage
We help our clients find value at every stage. That includes shopping the market for the best rates, designing plans with cost control in mind, and conducting quarterly reviews to make sure your plan continues to perform. If tweaks are needed – like adjusting coverage, switching providers, or identifying usage trends – we make proactive recommendations to keep things running smoothly.
What’s Typically Covered?
Here’s a quick look at what a typical benefits plan might include:
- Extended Health Care – prescription drugs, paramedical services (e.g., chiropractor, massage, physio), vision care, virtual health, hospital expenses
- Dental Coverage – basic, major, and orthodontics þ Disability Insurance – short- and long-term coverage
- Life and Accidental Death Insurance
- Critical Illness Insurance
- Health & Wellness Spending Accounts
- Employee Assistance Programs (EAPs)
- Travel and Out-of-Country Emergency Insurance
Let’s Make Benefits Work for You
At Brewitt Financial, we help business owners understand their options clearly – no jargon, no pressure. We’ll walk you through what’s available, review any current coverage you have, and suggest improvements or cost-saving opportunities. And once your plan is in place, we stick around, providing quarterly check-ins to keep everything aligned with your goals.