(Toronto, ON, March 22, 2019) BeniPlus announced that they are providing a student debt repayment benefit option for their group benefits plan. The student debt repayment option addresses a significant need for millennials. Millennials have significant debt and want a benefit plan from their employer that enables them to use their benefits to pay down student debt.
Helping Small Businesses Provide Benefits That Millennials are Demanding
Small businesses want a benefit plan that has the flexibility to meet the needs of their employees, including the student debt repayment needs of many of their millennial employees.
The BeniPlus Benefit Wallet Flexible Spending Account provides employers with the ability to give their employees benefit dollars that they can spend as they wish. Eligible expenses for BeniPlus Benefit Wallet benefit dollars includes medical expenses, wellness expenses, gym memberships, charitable giving, retirement savings, personal insurance and now student debt repayments.
With more than $28 Billion in student debt in Canada, it’s a big issue. 41% of university graduates have debt of $25,000 or more.
“Employers need a competitive edge to help them attract and retain employees, especially millennials, who have high expectations for their benefits. Our plan provides employers with a simple, flexible and affordable group benefits solution that starts as low as $55 per employee per month.” Stephen DeKuyper, President
Beniplus, a Canadian company, is the provider of Canada’s first true benefit wallet. Beniplus provides provide simple, flexible and affordable group benefits for small businesses. BeniPlus is an employee benefit provider empowered by technology and specializing in simple, flexible and affordable group benefits. BeniPlus offers an online Benefit Wallet and innovative benefit and insurance products, targeted at small businesses throughout Canada. Our Mission is to provide simple, flexible and affordable group benefits to the vastly underserved, small business market. Our Purpose is to help small businesses make their employees’ lives better while making small business more competitive