Services
Group Benefits
For many small businesses, it can be difficult to find and retain high quality employees. A well-designed group benefits plan is an important part of any compensation strategy and can be more tax efficient than simple salary increases. Group benefits can help you attract the best talent, giving your business a competitive edge.
Here at CDW Benefits we design, review and offer many different types of benefits programs depending on the needs and budget our clients set out for us. Our team also helps to administer the plan and negotiate renewals on your behalf. Our negotiations help to save our clients thousands of dollars every year, and ensures that they do not pay more than is necessary for their benefit plan. Our services can also help to mitigate the liabilities that an employer may face in providing a Group Plan.
We offer benefit programs or options down to 1 employee and we always offer personalized, expert service to go along with our advice. We are one of the last few independent brokerages that truly work for the clients and hold the insurers accountable. We want to make group benefits easy to understand and love to take the time to educate our clients so that you understand what you are paying for. Whether you want to implement a new plan or have us take a look at your current plan, CDW Benefits is here for you.
Individual Life, Health & Dental
We view our role as an advisor and educator when it comes to individual insurance products.
We start by listening to what each individual client needs, wants, and what their budget is. Then we run some quotes to see which insurance providers are the best solution for them. We have lots of options to fit all types of situations and budgets.
Our favorite part of the planning is when we get to educate our clients on the different insurance solutions we offer and why we think this solution is the best for them.
We use only the top insurance carriers & providers in Canada. You can trust us to supply you with the best products, as well as top quality advice and customer service.
CDW Benefits & Insurance Consulting is proud to give you access to a few of the best individual EHC & Dental products in the country. Please click on the button below for an overview of the products and to do some quick quotes and comparisons.
Then when you are ready to discuss, please give us a call or send us an email and we would be happy to help you.
Travel Insurance
Whether you are embarking on a solo trip or a family vacation, make sure you and the people you love are covered abroad in case of an emergency.
As soon as you leave your province of residence, you are no longer covered under your Provincial Health plan. This means if an emergency were to arise you are vulnerable to extremely high medical bills and expenses.
You can reach out to our team for Travel Insurance quotes, or to read through your Individual or Group plan to check if you have coverage.
Group Retirement Plans
A Group Retirement plan or Profit Sharing plan can be of great value to your company. It demonstrates to your employees that you care about their financial well being and reward hard work and dedication to your business. A group retirement plan also indicates to new applicants that your team is interested in retaining long-term employees.
A Group Registered Retirement Saving Plan (GRRSP) can be customized to fit your company's goal in many ways. Our team would set-up a meeting to understand your philosophy for providing a GRRSP and clearly outline the options available and recommend the best options for your business and explain why.
Another option is to offer a Deferred Profit Sharing Plan (DPSP) for your employees. This type of plan permits the share of business profits with your employees, as well as, immediate vesting. Having a DPSP in place encourages worker productivity to increase business profit.
Health Care Spending Account / Lifestyle Spending Account
Having a Health Care Spending Account (HCSA) for your business or family can help alleviate the cost of Health and Dental expenses. A HCSA turns your after-tax medical expenses into before-tax business expenses. Even if you have a Health insurance plan, you can claim individual health, dental and travel premiums and submit unpaid claim portions to your HCSA.
Another popular choice for engaging your employees is to input a taxable Lifestyle Spending Account (LSA). This type of plan offers coverage for gym memberships, day care, continuing education costs and much more. The options provided to your employee can be customized to your desire. It is important to note that, although still tax-deductible to the employer, the benefits provided under an LSA are taxable to the employee.
Submitting claims to your HCSA or LSA is easier than ever. You can download an app to your mobile device, snap a picture of your claims receipt and submit the photo through the mobile app.
National Health Claims Canada is the provider of our HCSA and LSA.
Consultation Services
Our team is here to discuss everything involving Life, Health, Accident and Sickness insurance on an individual or group level. We pride ourselves in educating our clients to allow them to make the most educated decision choosing the product that suits their needs. As an independent advisor firm we do not work for any insurer and want what is best for you. Please do not hesitate to reach out to our team with any inquiries.
MARKETING & SETTING UP A NEW BENEFITS PROGRAM
If you don't currently have a benefits program in place and/or you only have a couple employees, we can help by listening to your needs & budget, and designing a plan around that.
KEYMAN INSURANCE
We are here to discuss all your life insurance needs. If your business relies on the presence of a specific person it can be smart to purchase Life insurance on the individual to help aid in the transition, should they pass away.
MARKETING ANALYSIS
If you aren't happy with your current benefits arrangement, we are always here to do a full review and market analysis to see if we can find you a better solution to your current benefit needs.
INDIVIDUAL EHC & DENTAL PRODUCTS
CDW Benefits & Insurance Consulting is proud to give you access to a few of the best individual EHC & Dental products in the country. Please browse below and click on the below product links to do some quick quotes and comparisons. More quick quote links are on the way! We are working to get quick quote links for Manulife and GreenShield and will update them as soon as they are set up.
When you are ready to discuss, please give us a call or send us an email and we would be happy to help you.
PACIFIC BLUE CROSS
Individual EHC & Dental Products
PBC Individual Health and Dental plans help to cover out-of-pocket costs not covered by the government health plan. This type of plan is ideal for people who do not have health benefits through their employer, or are interested in supplementing their existing coverage.
If the health coverage provided by your employer is about to end or has recently ended, PBC has designed a plan called Blue Choice Conversion, which lets you continue health and dental coverage without interruption so you and your family can enjoy the peace of mind that comes from knowing you're protected from the financial hardship of unexpected health costs. Your group plan does not need to have been provided by Blue Cross. Blue Choice Conversion is available for the initial transfer from any recognized Canadian group benefits plan within 60 days as long as you have been covered for at least 6 months under a group plan. And there's no need to complete a medical questionnaire, so there's no need to worry about prescription medications that you're already taking.
MANULIFE INDIVIDUAL EHC & DENTAL, PLUS TRAVEL COVERAGE
Follow me (group conversion) and Flexcare products are available here
Costs for health-related services can add up quickly, whether you are filling a prescription, visiting the dentist or getting new glasses. Health insurance helps you manage your routine and unexpected costs, protecting your budget and lifestyle. Available on Flexcare®, Health and Dental Enhanced and FollowMe™ health and dental plans, Manulife Vitality gives you control over your coverage, lets you earn rewards, and save on premiums, all while improving your health.
Flexcare® allows you to choose from different plan selections with varying coverage of Prescription drugs, Dental, Visions and EHC.
Manulife Health & Dental Guaranteed Issue Enhanced plan is best suited for people who may have pre-existing conditions. This plan provides coverage for Prescription drugs, Dental, Vision, EHC and more.
FollowMe™ health and dental plans are ideal for people who are to be losing their group coverage. Coverage is guaranteed with no medical questions asked if apply and pay your first premium within 90 days of your group benefits ending.
GREENSHIELD CANADA
Sure Health™ Individual EHC & Dental Products
The work world is evolving. Green Shield is transforming health coverage to meet your changing needs. Provincial government health plans do not fully cover the costs of many health care services, leaving you vulnerable. GSC's supplemental health and dental plans can fill those gaps and provide you with the protection you need.
Green Shield's Sure Health™ individual Health and dental plans offer different "zones" to compare and choose from. Each zone has varying coverage for Prescriptions, EHC, Dental, Vision, Travel, and more.
Green Shield Canada (GSC) is a solutions-oriented, national not-for-profit health and dental benefits specialist.
MyFlex Benefit Programs
myFlex Benefit Program by Equitable Life
Since being introduced in Canada in the 1980s, flexible benefits programs have become increasingly popular as plan sponsors balance the desire to attract and retain employees with the need to provide a sustainable benefits program.
A flexible benefits program can appeal to the diverse needs of an employee population by allowing for choice while providing the employer with an effective mechanism for controlling costs. Employee cost-sharing and the visibility of price tags tend to give an employee a better sense of the value of the benefits program, and can promote health care consumerism.
The employee can choose from various options made available that cater more toward their personal needs. A built in Health Care Spending Account allows the employee to spend their health care dollars as they would like. Employees are also given the option to purchase additional benefits with payroll deductions. Equitable prides themselves on creating a user-friendly benefit selection tool that makes choosing the benefit options easy and convenient for your employees.
With flex plans, employers often look to offer a wider range of benefits such as cash back on unspent flex dollars, vacation buy and sell, Health Care Spending Accounts, Taxable Savings Account, RRSP contributions and more.