To Book a Free Consultation
A group benefits plan is an insurance plan for a group of 2 or more individuals in a company that provides certain services for the employer, employees and their families. The company becomes the plan sponsor for the Group Benefits plan that helps the employer and their employees cover the cost of things that provincial health care plans may not pay for including certain prescription drugs, dental, hospital, vision, paramedical and ambulance services.
Each plan sponsor has unique objectives. I will find creative and flexible solutions that meet your business needs and ensure that you get the best value for your benefits.
Group benefits for your company helps retain staff, improve morale and increase productivity, and keep your employees healthy and at work. It can be less expensive than providing salary increases. In a competitive job market, a group benefits plan is a great way to separate yourself from the competition.
You can combine your group benefits plan with a retirement and savings plan to help the employer and their employees reach their financial and retirement goals.Group Retirement Plans provide one of the best tax-sheltering opportunities available and can be a significant benefit to employees. From the viewpoint of the Plan Sponsor, group retirement plans can play a very significant role in attracting new employees and increasing employee retention. Not only you are investing in the success of your business, but you are also investing in the employees you hire to help your business achieve success over time. One effective way to reward your employees for being productive and contributing to the success of the business is through a group registered retirement savings plan.
There are many options available when putting together a group retirement plan. I will do a very thorough review of all the retirement options and provide you with the best option for your company.I provide comprehensive solutions to protect you and your family. Whether you are buying a new home and need mortgage insurance, you are having your first child and need to save, you want to protect your income against a disability or critical illness, planning for the continuation of a business or preventing unnecessary taxation on your estate… Everyone needs insurance.
I represent many insurance companies and recognize that every client is unique and has different objectives. I will assist you in evaluating your insurance needs and to help you in determining which product is the right solution for you.
The products available include:
Patricia Stevens is an award winning, experienced Senior Financial Broker at Experior Financial Group. She has 14 years of expertise in the financial and insurance business as a Senior Financial Broker, with 18 years of experience in the Group Benefits field working for such companies as Sun Life Financial, GroupQuest as their Director of Marketing, and two brokerages. She has coached and given advice to other Professional Insurance Agents on their Group Benefits plans for their clients. In 2009, she obtained the World Class Customer Service Award from Sun Life Financial. She is known for her strong focus on building lasting relationships, exceptional attention to detail, time management skills and her friendly, caring personality. Patricia is fueled by her passions for helping people succeed in business, by serving, teaching and using her extensive knowledge to successfully achieve her client’s goals. She helps small business owners grow their wealth, protects them financially and provides competitive Group Benefits to retain their valuable, talented employees and have workplace wellness within their organization.
What Are Group Benefits and Why Do Toronto Businesses Need Them?
Group benefits are insurance plans offered to employees and their families, covering things like health, dental, vision, and more. For businesses in Toronto, they’re a great way to attract and keep top talent while supporting employee well-being.
How Much Do Group Benefits Cost for Small Businesses in Toronto and Surrounding Areas?
The cost of group benefits depends on factors like the number of employees and coverage options. For small businesses in Toronto, Vaughan, Etobicoke, and Mississauga, there are flexible plans that fit different budgets without breaking the bank.
Can I Customize a Group Benefits Plan for My Team in Vaughan, Etobicoke, or Mississauga?
Absolutely! Many providers let you mix and match coverage options—like dental, vision, and extended health—so you can build a plan that fits your team’s needs perfectly, whether you’re in Vaughan, Etobicoke, or Mississauga.
Are Group Benefits Tax-Deductible in Ontario for Businesses in Toronto and Nearby Cities?
Yes! In Ontario, premiums paid for group benefits are usually tax-deductible as a business expense, making them a smart financial move for businesses in Toronto, Vaughan, Etobicoke, and Mississauga.
What’s the Difference Between Group Benefits and Individual Insurance in Toronto, Vaughan, and Mississauga?
Group benefits are typically more affordable per person and offer broader coverage compared to individual insurance plans. Plus, they’re a great perk for attracting employees in Toronto, Vaughan, and Mississauga’s competitive job markets.
Can I Offer Group Benefits to Part-Time Employees in Toronto, Mississauga, and Vaughan?
Yes, you can! Many businesses in Toronto, Mississauga, and Vaughan offer modified benefits packages to part-time employees, helping them attract and keep a more diverse workforce.