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The Future of Employee Group Benefits: Are You Prepared? HOSTED BY

Webinar: The Future of Group Benefits: Are You Prepared?

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Page 1: Webinar: The Future of Group Benefits: Are You Prepared?

The Future of Employee Group Benefits: Are You Prepared?

HOSTED BY

Page 2: Webinar: The Future of Group Benefits: Are You Prepared?

Introducing Your Hosts

RiseKarim Ben-Jaafar

VP of Sales@karimbenjaafar

RiseJesse McNeil

Group Benefits Advisor@jessejmcneil

Chelsea Pratt
"Rocky" seems to be in a different colour
Rachel Scott
@rockyozaki seems like it is too.
Page 3: Webinar: The Future of Group Benefits: Are You Prepared?

o Traditional extended benefits o Not fringeo Non-provincial specific

Context to discussion

Chelsea Pratt
Cute!
Page 4: Webinar: The Future of Group Benefits: Are You Prepared?

Follow along on twitter using the hashtag below

#benefitswebinar

Page 5: Webinar: The Future of Group Benefits: Are You Prepared?

o Plan designo Administering the plano Trendso Cost containmento The role of your advisoro Q&A

(This webinar will be recorded and sent to you following the presentation.)

Agenda

Page 6: Webinar: The Future of Group Benefits: Are You Prepared?

Plan Design

Page 7: Webinar: The Future of Group Benefits: Are You Prepared?

o Traditional plans – often inheritedo The evolution of plans

o Flex/Cafeteriao Modular Flexo HCSA & Lifestyle Spending Accounts

o Pros and cons of non-traditional plan design

What is plan design?

Page 8: Webinar: The Future of Group Benefits: Are You Prepared?

Who should be involved in designing your plan?

How often should you reevaluate your plan?

Page 9: Webinar: The Future of Group Benefits: Are You Prepared?

37% of plan sponsors expect to invest more per employee on health benefits within the next five years

Sanofi Canada Healthcare Survey 2015

Fact37%

Page 10: Webinar: The Future of Group Benefits: Are You Prepared?

o Well thought out plan design o Think outside the box and make it a strategic

conversationo Leverage your advisor

Plan design summary

Page 11: Webinar: The Future of Group Benefits: Are You Prepared?

Administering the plan

Page 12: Webinar: The Future of Group Benefits: Are You Prepared?

Examples

Beneficiary information

Reconciliation

Managing terminated employees

Salary updates

Chelsea Pratt
Haha, I love the image for "retirees"
Page 13: Webinar: The Future of Group Benefits: Are You Prepared?

Examples

Communicating with retirees

Leave of absence and severance

Medical evidence requests

Chelsea Pratt
Haha, I love the image for "retirees"
Page 14: Webinar: The Future of Group Benefits: Are You Prepared?

o Know your fiduciary responsibilitieso Reconciliation and current employee

info is criticalo Communicate wello Leverage your advisor

Administration summary

Page 15: Webinar: The Future of Group Benefits: Are You Prepared?

Future trends

Page 16: Webinar: The Future of Group Benefits: Are You Prepared?

Forecasted premium increases in 2016:

Prescription med-ication11-12%

Healthcare11-12%

Vision care11-12%

Page 17: Webinar: The Future of Group Benefits: Are You Prepared?

Dental care 4-6%

Dental fee guide

2%

Short term dis-ability

3%

Forecasted premium increases in 2016:

Page 18: Webinar: The Future of Group Benefits: Are You Prepared?

Around 60 percent of costs come from prescription medication claims

60%

Source: Sanofi Health Canada 2015

Rachel Scott
Can we make this more of an infographic?
Page 19: Webinar: The Future of Group Benefits: Are You Prepared?

Paramedical services used in the last year

Massage ther-apy

Physiotherapy

Chiropractic

AcupunctureNaturopathy

Osteopathy

Other0% 10% 20% 30% 40% 50% 60%

Source: Sanofi Health Canada 2015

Rachel Scott
Can we make this more of an infographic?
Page 20: Webinar: The Future of Group Benefits: Are You Prepared?

Why has this rise occurred?

• Government cutbacks• More awareness• Longer working hours• Younger population

Page 21: Webinar: The Future of Group Benefits: Are You Prepared?

o The cost of employee benefits is risingo Leverage your advisor

Trends summary

Page 22: Webinar: The Future of Group Benefits: Are You Prepared?

Cost containment

Page 23: Webinar: The Future of Group Benefits: Are You Prepared?

o Plan designo Budgetingo Communications o Team member education

Being proactive!

Page 24: Webinar: The Future of Group Benefits: Are You Prepared?

o Be strategically proactiveo Utilization reportso Educate and communicateo Leverage your advisor

Cost containment summary

Page 25: Webinar: The Future of Group Benefits: Are You Prepared?

The role of your advisor

Page 26: Webinar: The Future of Group Benefits: Are You Prepared?

Also called “brokers” or “consultants.”

Page 27: Webinar: The Future of Group Benefits: Are You Prepared?

Advisor and HR professional Viewpoints

Transparency

Reporting & recommendations

A trusted relationship

Page 28: Webinar: The Future of Group Benefits: Are You Prepared?

Let's take a quick poll.

Page 29: Webinar: The Future of Group Benefits: Are You Prepared?

Download our checklist to evaluate your advisor’s level of service and expertise.

Page 30: Webinar: The Future of Group Benefits: Are You Prepared?

o Code of ethics o Transparency, SME, education, trusted relationshipo Reporting and proactive recommendationso Checklist

Advisor’s role summary

Page 31: Webinar: The Future of Group Benefits: Are You Prepared?

o We are licensed brokers committed to the highest level of advisor service;

o Keep an eye out for future webinars!

Let’s meet!

Page 32: Webinar: The Future of Group Benefits: Are You Prepared?

Questions?

Karim Ben-Jaafar

VP of [email protected]

Jesse McNeil

Group Benefits [email protected]

Page 33: Webinar: The Future of Group Benefits: Are You Prepared?

[email protected]://rise.xyz/contact

TOLL FREEEMAIL

CONTACT US

Thanks and Stay in Touch!

Chelsea Pratt
change to Rally contact info