On Tuesday, Volunteer Alberta hosted a two-hour interactive discussion on employee benefits in the nonprofit/voluntary sector! Mike Babichuk, our resident expert, answered questions about employee benefits. Here are the questions, and answers to what people wanted to know about employee benefits:
Q – Rachel McBeath Hi Mike! I just started with a small organization (6 People) and we don’t have any kind of benefit plan…Are we just too small to have benefits?
A – Mike Babichuk Not at all Rachel, OASSIS can provide benefits to even a single person organization. We of course can also provide those same benefits to 1000’s
Q – Rachel McBeath Are we limited in what we can get because we are smaller?? I hear that benefits can be really expensive for smaller places like the one I work with
A – Mike Babichuk Size for the most part is irrelevant. OASSIS offers 6 different plans with a number of options in each plan which can be tailored to everyone’s needs and budget. OASSIS is very competitive as we do not use brokers and all savings are passed on to our customers.
Q – Doray Veno Hello Mike, Would June 15th morning work for you to do a VC presentation to the Hanna Learning Centre Board? Thanks Doray
Q – Doray Veno What organizational information do you require to provide a quote?
A – Mike Babichuk June 15 is fine for me Doray, just confirm the logistics as soon as you can. As for a quote I actually don’t need any information as I would provide you a secure website location where you would answer just a few questions and you would receive a quote usually within 48 hours. I would of course be available to answer any questions during the process if you require.
Q – Rachel McBeath Not to ask you too many questions Mike…but in talking with the girls here, where do we begin with benefit plans? Like what are standard benefits that we should probably look at getting? Can they be set up to be different for different people in the organization?
A – Mike Babichuk Love the questions; very thoughtful and pertinent. Although I did say plans are highly customizable they are for the group as a whole not individually. So whatever is chosen for benefits is for everyone within the group. Having said that most plans cover the gambit of benefits most individuals require. There are a couple of ways of making choices; what can we as an organization afford or what benefits do we want to provide to retain our existing staff or recruit staff for future growth. Plans are very flexible so you can start for example with a Standard Plan that covers 80% of most prescription & dental services right up to 100% coverage. You also have choices on optional benefits like short & long term disability, dependent life, counselling services (EAP) and health spending accounts. Hope I answered your question.
Q – Maxine Charlton I have my own business; can I set up a benefit plan if it is a sole proprietorship?
A – Mike Babichuk To your question sorry we can’t provide benefits for self-employed persons just for paid staff. I know it may seem like splitting hairs but OASSIS was created to provide benefits for volunteer and not for profit organizations.
Thanks to everyone who posed some great questions about benefits. If you have any questions, do not hesitate to contact Mike via email or by phone 780.482.3300 ext.238 or visit the OASSIS website at http://www.oassisplan.com/
OASSIS Sales and Marketing Leader