5 Differences Between the BeniPlus Wallet and Other Small Business Benefits Plans

Today, Health and Employee Benefits have become one of the most important tools for Small Businesses looking to compete in a record-breaking talent market. Recent reports have found that 1/3 of Canadians considering changing employers, are looking for better benefits.But how can small businesses compete with large employers? One of the advantages that small business owners have is that they can be more flexible. Flexibility has consistently been one of the most popular benefits of 2022 with nearly 40% of job seekers looking for flexibility in a new position.At BeniPlus we provide the most completely customized Flexible Spending Accounts for both employers and employees. Our system differs from other small business benefits plans in 5 key ways:

1. Employers have complete control of the cost of their company plan. Employers determine the maximum amount of money they would like to spend on benefits each year and how much those benefits they would like to provide to each member of their team. There are no premiums, set up or ongoing costs. You only pay a 7.5% admin fee on approved claims.
2. Employers have complete control of their plan design. Our system is designed so that employers can determine which benefits categories they would like to offer as part of their plan. Employers can choose to offer some or all of the benefits categories including Healthcare Spending Accounts (HSAs), Wellness Spending Accounts (WSAs), Registered Retirement Savings Plans (RRSPs), Personal Insurance and Charitable Giving.
3. Employees customize their benefits to fit their needs. Our industry leading system allows team members to divide their benefits between their eligible benefits categories to provide them with a completely customized benefits offering.
4. Flexibility for both employer and employee. Our system means that both the employer and employee have the flexibility to ensure that their plan fits their needs. Wallet users have the flexibility to spend their benefits on any eligible expense within their benefits category. Whether it is mental health supports, a gym membership or even a great pair of prescription sunglasses, employees have complete flexibility of how they use their benefits.
5. Our benefits are simple to use, simple to administer and simple to set up. They include advanced reporting features to make payroll and bookkeeping easy and setting up your company or employee account typically takes less than 10 minutes to complete.

For more information about the BeniPlus Wallet, get a quote today!Sincerely,Stephen DeKuyperCo-founder and President[gravityform id="16" title="true" description="true"]