by Dale Campbell | Dec 4, 2019 | Insurance & Taxes
Insurance & Taxes What is a Target Loss Ratio? Target Loss Ratio(TLR) is the amount of premium the Group Benefits provider grants to the payment of claims. It is also referred to as the Acceptable Loss Ratio How TLR is Determined It is primarily determined by the...
by Dale Campbell | Nov 27, 2019 | Insurance & Taxes
Web Dev The federal government announced its annual revisions to Employment Insurance (EI) maximums and premium rates. Regarding Employment Insurance revisions Clear Benefits would like to help plan sponsors and their members understand the changes that will affect...
by Dale Campbell | Jul 5, 2019 | Claims, Insurance & Taxes
The Ontario government has announced that effective April 1, 2019, OHIP+ Children and Youth Pharmacare will only be available to those Ontario residents under the age of 25 that do not have private insurance drug plans. Starting Apr. 1, 2019 Prescription drug coverage...
by Dale Campbell | Apr 15, 2019 | Insurance & Taxes
The federal government announced its annual revisions to Employment Insurance (EI) maximums and premium rates. Effective January 1, 2018, the following changes will affect Short Term Disability (STD) volumes and premiums: This change affects your STD plan if: The...
by Dale Campbell | Jan 7, 2019 | Insurance & Taxes
Can you recognize benefits fraud? Insurance fraud is a growing concern and we need your help to tackle this issue. It may seem like a victimless crime but benefits fraud impacts everyone; affecting the price of insurance premiums. The Co-operators has partnered with...
by Dale Campbell | Dec 4, 2018 | Claims, Insurance & Taxes
To be an eligible participant in a Co-operators group benefits plan, plan members and their dependants must first have provincial health insurance, and work and reside in Canada. Ensuring it’s in place is the responsibility of plan administrators. Some provinces have...
