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COVID-19 has drastically changed the way many companies are able to carry out regular business practises. The outcome is that employers are seeking advice to manage their benefit plans while maintaining the coverage that's so important. As an organization that specialises in employee benefits, Benefits Consulting Plus is proud to have helped our clients understand their options:
Managing the benefits plan if there is a need to temporarily lay-off employees.
Understanding the impact to an employee’s benefits coverage if their hours are reduced.
Options to maintain benefits if a company drops below the required minimum number of employees due to COVID-19.
What the benefits continuation options are if the business experiences a temporary full shutdown.
The options to reduce the monthly premium by making plan design changes during this difficult time.
How the insurance carrier will be handling the upcoming renewal in light of COVID-19.
Explaining the premium reductions provided by the insurer and reminding the business to update employee deductions as a result.
If your current advisor has not been in contact with you to discuss your options or answer your important benefits questions, please reach out to Bryce and the team at Benefits Consulting Plus - we can help!
Founded in Kingston ON in 2010, Benefits Consulting Plus works with businesses across Ontario helping to design and implement unique and innovative employee benefits plans, group retirement solutions, and individual insurance coverages.
Bryce Parisotto, CFP, is an Employee Benefits specialist and owner of Benefits Consulting Plus Inc. Bryce has been working with employee benefits since 1997 and in 2012 Bryce was the recipient of the Kingston Chamber of Commerce “Young Entrepreneur of the Year” award. As a benefits consultant, Bryce examines the marketplace to provide clients with access to Employee Benefits solutions that meet their unique needs, objectives, and budget.
Shannon Bennett-Parisotto, CHS is an individual insurance specialist who guides clients to the right solution to protect their family, business, estate, and business. Shannon has been working with individual insurance solutions since 1999 and joined Benefits Consulting Plus in 2014.
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