Vaughan, ON (PRWEB) September 20, 2013
The Benefits Trust, a full service third party administrator providing customized employee benefits plans for small and medium sized businesses, today announced the launch of their new solution for small groups, SelectFlex Benefits. This innovative benefits plan focuses on offering flexibility, simplicity, and cost control for owners of small businesses.
SelectFlex is the perfect plan for small businesses of 3 or more employees that are not satisfied with an "off-the-shelf" benefits plan. SelectFlex provides a range of options for employers to design a benefits plan specifically for their business.
"SelectFlex is the only benefits plan in its class that truly allows small business owners to pick and choose the coverage they want for each group of employees, while remaining easy to understand," said Rob Crowder, President. "It was clear to us that clients were frustrated with their existing options. With 25 years of experience and feedback from our advisor partners, we developed SelectFlex to fill a gap in the marketplace."
At the heart of SelectFlex is a core Extended Health Care plan for small groups that includes a pay-direct prescription drug card, semi-private hospital coverage, and out of country medical insurance.
Business owners can then choose the options that will best fit their business, instead of settling for a standard package. Available options include dental care, life insurance, accidental death and dismemberment, critical illness, dependant life insurance, and long term disability.
The SelectFlex plan also includes the option of a Health Care Spending Account (HCSA), for those employers who want to offer extra coverage with more flexibility for employees. With an HCSA, employees can choose how to spend their benefit dollars based on their own family’s health care needs. It allows the plan to cover a wider range of eligible medical and dental expenses than a conventional employee benefits plan.
This distinctive plan is advantageous because it gives advisors the flexibility to design a more tax effective, custom plan for business owners. The hybrid plan design helps to keep benefits costs within budget for businesses, who can see the costs for themselves with easy, do-it-yourself plan costing.
SelectFlex is designed to be easy for employers to customize and easy for employees to understand.
For more information about SelectFlex Benefits, please visit http://www.selectflexbenefits.com/.
For more information about The Benefits Trust, please visit http://thebenefitstrust.com/.
About The Benefits Trust
The Benefits Trust was created on January 1, 1994 to provide customized administration services for multi-employer benefits plans. Today, we are a full service Third Party Administrator providing customized Administrative Services Only (ASO) Plans to hundreds of small and mid-sized businesses in Canada.
The company’s unique method helps employers gain complete control over employee benefit costs, maximizes plan design flexibility, and enhances tax advantaged benefit opportunities for key executives and highly compensated employees.
For more information, please contact:
T: (905) 264-8990 or (416) 498-7723