Group Benefits Archives - Page 4 of 4 - Dehoney Financial Group Ltd.

Changes to Employment Insurance (EI) Waiting Period Begin January 1, 2017

UPDATE: Changes to Employment Insurance (EI) Waiting Period Begin January 1, 2017

The 2016 Federal Budget introduced significant changes to Employment Insurance eligibility and benefits in response to fluctuating unemployment rates. Most notably, the waiting period for EI benefits, including sickness benefits, has changed from 2-weeks (14 days) to 1-week (7 days). The benefit payment period remains unchanged at 15-weeks of paid benefit.

Impact to Employers of the new EI Waiting Period

If you are an employer who currently coordinates EI sickness benefits with a […]

UPDATE: BC MSP Premium Changes Arriving in 2017

With a bold headline, Strong economy pays dividends, the BC Provincial Government announced on September 15, 2016, that it would be scrapping the proposed 4% BC MSP premium rate increase that it had announced earlier this year.

“B.C.’s strong economic growth and better-than-forecast revenues” are Finance Minister Mike de Jong’s reasons for the government’s decision to scrap the premium increase and to deliver “dividends” to British Columbians.

Who doesn’t benefit from the reversal of the 4% BC MSP premium increase?

As we wrote in April of this year, changes […]

Changes to BC MSP Premiums arriving 2017.

On February 16, 2016 British Columbia’s Ministry of Finance announced upcoming changes to BC Medical Services Plan (MSP) premiums. These changes take effect January 1, 2017. As the government’s backgrounder suggests, the upcoming changes are designed to benefit single parent and low-income families. All children will be exempt from MSP premiums and the new premium structure does away with Family of Three or More and Family of Two rates. The new premium rate structure – $78/month per Single Adult – is based upon the number of adults in a household. For more information on the upcoming changes and […]