Employee Benefits

Employee Benefits

Employee Benefits

Now more than ever, group benefits are on the minds of employees and employers alike. Whether for retention or attraction, cost-efficiency or culture, Bloom Benefits is here to make sure your company offers a program that works. 

No two employees are the same, and neither are their benefits needs. Our rethink benefits approach creates solutions by examining your business goals and values - to strike the perfect balance with  your employe’s needs. A flexible, traditional or innovative plan might be the right fit for you. The right benefits plan can include cover in the following areas:

  • Health
  • Dental
  • Life Insurance 
  • Disability Insurance
  • Mental Health Coverage
  • HSA + WSA 

At Bloom benefits, we prioritize long-term savings by implementing lower pre-negotiated fees, extended rate guarantees, and renewal caps to ensure our clients experience sustained value and efficiency in their benefits programs.

Group Retirement

Group Retirement

Group Retirement

A Group RRSP is a company-sponsored plan that employers offer to all eligible employees. Each employee has their own account and chooses how to invest their funds. Your Bloom Benefits advisor will compare available programs, and ensure that fees, technology, and investment returns match your companies' goals.

In a Group Pension Program, an employee and/or employer, contributes a percentage of employee earnings up to a maximum (allowable by the Income Tax Act). These contributions are locked in to provide income at retirement. There are two types of plans offered: defined contribution and defined benefit.

A Group TFSA is a savings plan. Contributions are not tax-deductible, but the income they generate (including capital gains) is tax-free, even when withdrawn. A TSFA is often offered in conjunction with a Group RRSP plan.

A Bloom Benefits Advisor can discuss which option best suits your needs.

Health + Wellness Accounts

Health + Wellness Account

Health + Wellness Accounts

Bloom Benefits offers flexible health and wellness accounts in both taxable and non-taxable options. Let us show you how to this great incentive as a stand alone product or as a top-up with group benefits coverage. A health and wellness account can add flexibility when needs are varied, and help drive your company culture though wellness initiatives. 
 
We offer some of the lowest administration fees in the industry through our traditional insurance partners and third party specialists. 
 
Health Spending Account (HSA) claims can include: 
Massage 
Vision 
Orthodontics 
Prescriptions  
 
Wellness Account claims cover a wide variety of products : 
Gym memberships 
Yoga classes 
Educational training 
Wellness retreats 

Life Insurance

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Life Insurance

Life insurance protects your family or business from financial strain in the event of your death. Our team can help you decide what option is best for your budget and needs. Whether that be a permanent policy or a term option, we can answer all your questions and provide competitive rates from multiple insurers.

Disability + Critical Illness

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Disability + Critical Illness

You are your most valuable asset. Keep that asset secure whether you are self-employed, or missing this key coverage as a part of your group benefits. Disability and critical illness insurance acts as peace of mind and income replacement; in case of accident these payments ensure you get you the valuable care you need. 

Executive Benefits

Executive Logo

Executive Benefits

Your top executives are an essential piece of your organization. The attraction and retention of these individuals is extremely valuable. When your group benefits miss the mark, a supplementary program to round off their compensation package is the solution. In addition to being an important compensation tool, executive benefits can help protect your business and key employees. Top-up programs for disability insurance, executive critical illness policies, key person insurance, and elite medical treatment are some of the ways executive benefits keep you covered.

Cross Border Benefits

Cross Border Benefits

Cross Border Benefits

Our employee benefits team understands the many challenges for Canadian owned companies trying to design and administer U.S. benefit plans properly from a foreign marketplace. The challenges in the cross border market require a specialized expertise, direct client relationship, and a global strategy.

Streamlined administration and service combined with efficient, cost-effective programs, Bloom Benefits has a strategic partnership which provides the cross-border solution your company is looking for.

Individual Benefits

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Individual Benefits

Now more than ever before, individual benefits are an important consideration when exploring your options and Bloom Benefits is here to make sure there is a program that works just right for you.

No two people are the same, and neither are their benefits needs. Our rethink benefits approach creates solutions by examining your personal goals and values - to strike the perfect balance for your needs. A flexible, traditional or innovative plan might be the right fit for you. The right benefits plan can include cover in the following areas:

  • Health
  • Dental
  • Life Insurance 
  • Disability Insurance
  • Mental Health Coverage
  • HSA + WSA 

At Bloom benefits, we prioritize long-term savings by implementing lower pre-negotiated fees, extended rate guarantees, and renewal caps to ensure our clients experience sustained value and efficiency in their benefits programs.

Travel Benefits

travel

Travel Benefits

Bloom Benefits offers flexible travel benefit plans for out of province, state or country trips.

Get in touch with our team to find the right program for you.