The Beneplan Co-operative, a member-owned buying group of 200 employers, distributed $1.4 million in dividends (also known as premium refunds) to its members in May 2013. The dividends came as a result of surpluses of health, dental, and life insurance premiums which were not used towards claims in 2012. In other words, a refund of […]
The Co-operators have introduced e-Claims submission effective May 15th 2013. E-claims is different from emailed claims in that a a claim can be sent from an internet browser.It simply requires the member to login, enter the type of claim, and amount. The Co-operators would adjudicate the claim and deposit the amount to the employee’s bank. […]
The Beneplan Co-operative from Beneplan on Vimeo.
It’s a big responsibility to be a benefit plan administrator. You are acting as an agent of the insurance company with a duty to report any material change that would impact the policy. Here’s a checklist to help you navigate your duties. Before Hiring Employee Contract: Ensure your employment contracts have a termination clause that […]