According to a recent study done by KPMG, a staggering 54% of Canadian small and medium-sized businesses admit that their current number one focus is survival.
As small and medium-sized businesses remain heavily impacted during COVID-19, advisors have a chance – and a responsibility – to help clients that fall into this category using their expertise in group benefits.
Traditional group benefits plans have now become a burden as many businesses worry about cash flow, budgeting, and trying to stay lean. To add insult to injury, many businesses have seen low usage in their benefits since the start of pandemic, with many employees putting off routine visits to dental and health practitioners. This leaves many employers who are already struggling stuck paying for virtually unused benefits.
Benecaid’s FlexStyle is a unique ASO plan type designed to help small and medium-sized businesses during times when budgets are tight.
FlexStyle offers an affordable, budgetable solution with built-in protection from large, unexpected claims, and even offers businesses a return on any unused funds at the end of the year.
Learn more about the FlexStyle product and how it can help your clients.