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Talking About Financial Matters That Affect You and Your Organization

Why Ideal clients are, well Ideal...

Posted by Chad Dawson

Aug 18th, 2017

Why Ideal clients are, well Ideal...

There are no shortage of articles and advice on finding ideal clients. A quick Google search of the keywords "Ideal Clients" returns 43,000,000 results (don't believe me - here's the link)

As an aside - 3 of the first 5 websites listed on this "Ideal Client" search are titled something like "5 Steps to...." Which makes me cringe, followed by a touch of sadness that much of our knowledge...

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Why Ideal clients are, well Ideal...

Employee Benefits: The Disruptors Have Arrived – Part II

Posted by Chad Dawson

Jul 28th, 2017

Employee Benefits: The Disruptors Have Arrived – Part II

Did video REALLY kill the radio star? Or – was it an incremental change simply moving the radio star to a new media platform? Rather than being a DISRUPTOR, maybe video just made the radio star a little bit better.

In business, DISRUPTORS create seismic shifts rather than incremental changes.

Crack in Road

Incremental changes are always happening. Everyone (well, loosely everyone) is trying to get...

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Employee Benefits: The Disruptors Have Arrived – Part II

The Selectpath Scholarship Program

Posted by Jeff Cox

Jul 27th, 2017

The Selectpath Scholarship Program

The Selectpath Scholarship Program was created because Selectpath Benefits & Financial Inc. believes in education and its ability to help people achieve their dreams. The scholarship is awarded annually to a child or grandchild of a Selectpath employee who will be pursuing post-secondary education or training the following year. Each applicant must answer the question “How Will I Make a...

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The Selectpath Scholarship Program

Employee Benefits: The Disruptors Have Arrived

Posted by Chad Dawson

Jul 17th, 2017

Employee Benefits: The Disruptors Have Arrived

The disruptors have arrived, we just can’t see them. They're hiding in the shadows like some sort of outsider, yearning to be seen but afraid of the response. [Ok - maybe that 's a BIT dramatic...]

One of my favourite non-fiction authors is Walter Isaacson. His books are well researched and well written. Most of all they are great stories based on the life and times of some of the most famous...

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Employee Benefits: The Disruptors Have Arrived

Selectpath 2017 Summer Reading List

Posted by Jeff Cox

Jul 11th, 2017

Selectpath 2017 Summer Reading List

Why Smart People Make Big Money Mistakes and How to Correct Them – by Gary Belsky and Thomas Gilovich

This book looks less at the mechanics of personal finance and more at the behavior of the person. It outlines 7 of the most common traits that end up hurting our long-term goals. The authors break down normally complex financial and psychological concepts into easy-to-relate-to stories....

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Selectpath 2017 Summer Reading List

Continuation of Benefits for Disabled Employees

Posted by Gordon R. Hart

Jun 28th, 2017

Continuation of Benefits for Disabled Employees

One of the questions most commonly asked by our clients is:

“How long do we have to continue benefits for an employee who is no longer actively at work due to illness or injury?”

Unfortunately, there is no definitive answer and each situation must be carefully examined on an individual case basis.

In this article, we have outlined the position of the Worker’s Compensation Boards,...

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Continuation of Benefits for Disabled Employees

Why Google wants its employees to meditate – and why you should too

Posted by Chad Dawson

Jun 23rd, 2017

Why Google wants its employees to meditate – and why you should too

Meditation hits the mainstream.

The stereotypical image of a Buddhist Monk or 1960’s hippie no longer apply.

Many of the world’s most successful people meditate daily, everyone from athletes to actors, sales people to systems analysts, and CEO’s to construction workers are in on the gig.

Fair enough you say – to each his or her own and if meditation is part of your daily routine – have...

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Why Google wants its employees to meditate – and why you should too

The Benefits Alliance Group

Posted by J. Wayne Koch

Jun 22nd, 2017

The Benefits Alliance Group

We are excited to officially announce that Selectpath is joining The Benefits Alliance Group as of July 1st, 2017. This organization is the premier network of benefits and pension advisory firms in Canada and stretches from coast to coast. By joining this organization, Selectpath is looking to add new capabilities such as bench-marking of programs and increasing advocacy with the insurers and...

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The Benefits Alliance Group

Coverage for Over-Age Student Dependents

Posted by Lori Norris

Jun 22nd, 2017

Coverage for Over-Age Student Dependents

Happy summer everyone! School is winding down and with warmer weather, vacations and summer jobs on the go, about the last thing on any student’s mind is their eligibility for benefits. For most programs through insurers in Canada, you don’t need to worry up to the age of 21, however after age 21 everything changes.

Do you have an over age dependent full-time student? You don’t want to...

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Coverage for Over-Age Student Dependents

5 Tips For Being More Comfortable With Your Finances

Posted by Ken Coombs

Jun 14th, 2017

5 Tips For Being More Comfortable With Your Finances

“10 stocks to own NOW!” “Give up lattes to get your budget in order.”

“The stocks/sectors/countries you MUST invest in!” “Who was the best mutual fund manager of the year?”

I offer you none of that: no stock picks, no predictions, no economic analysis.

I am not going to tell you to “buy this, sell that.” I can’t for the simple reason that I have no idea who you are, what...

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5 Tips For Being More Comfortable With Your Finances

4 Key Benefits of Automating HR with Human Capital Management Tools

Posted by Gordon R. Hart

Jun 13th, 2017

4 Key Benefits of Automating HR with Human Capital Management Tools

Increasing Efficiency & Accuracy

Moving your data to a single platform which can then feed payroll, benefits, group retirement, and project management ensures compliance and drives efficiency. Managing multiple solutions with different data feeds and logins is terribly inefficient prone to error, not to mention lack of control over data ownership! Through secure web based technology, manage...

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4 Key Benefits of Automating HR with Human Capital Management Tools

Do you work better under stress? There's a name for that.

Posted by Ken Coombs

Jun 5th, 2017

Do you work better under stress? There's a name for that.

In 1955, Cyril Parkinson wrote a humorous essay meant to critique the "efficiency" of public administration in Britain. The first sentence of that essay spawned a book (60 actually) and a whole new field of study for psychologists. That sentence was "work expands so as to fill the time available for its completion". That's an old-timey way of saying most of us make excuses to not do something...

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Do you work better under stress? There's a name for that.

Selectpath Recognized As One Of Canada's Top 100 SME by Mediacorp Canada

Posted by Scott Murphy

May 10th, 2017

Selectpath Recognized As One Of Canada's Top 100 SME by Mediacorp Canada

London, ON - Selectpath Benefits & Financial Inc. (Selectpath), announces that they have been recognized as one of Canada’s Top 100 Small and Medium Employers. Canada’s Top 100 Small & Medium Employers recognizes the small and medium enterprises (SMEs) that offer the nation’s best workplaces and forward thinking human resources policies. The 2017 winners were announced at an awards...

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Selectpath Recognized As One Of Canada's Top 100 SME by Mediacorp Canada

5 Human Resources processes that destroy the focus of small business

Posted by Chad Dawson

May 9th, 2017

5 Human Resources processes that destroy the focus of small business

Entrepreneurs value time more than anything.

How they spend that time can make or break their business. At the very least, how they spend that time can determine if their business is growing and thriving or sputtering along.

The highest value activity an Entrepreneur can perform is creative work. That includes strategic planning, marketing and customer acquisition, product/service expansion or...

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5 Human Resources processes that destroy the focus of small business

OHIP+ Children and Youth Pharmacare

Posted by Carson J. Oudman

May 5th, 2017

OHIP+ Children and Youth Pharmacare

One of the centerpieces of the Ontario 2017 budget released last week, Thursday April 27th, is a new OHIP+ Children and Youth Pharma-care benefit. Please find below a summary and potential impact of this new program.


Plan Details

The budget includes the first provincial plan in Canada to cover prescription drugs for children and young people.

A few quick highlights:

- Effective January 1, 2018

-...

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OHIP+ Children and Youth Pharmacare

Would you invest 10,000 hours into financial planning? I have.

Posted by Ken Coombs

Apr 27th, 2017

Would you invest 10,000 hours into financial planning? I have.

Does 10,000 hours make you a master? In 2005, Malcolm Gladwell released the book Outliers: The Story of Success, which I just listened to as part of my audiobook adventure. In it, he examined what factors led some of the wealthiest people to success. He looked at why most elite level hockey players are born in the first three months of the year [side note: my son was born in February, so watch...

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Would you invest 10,000 hours into financial planning? I have.

Surprise! Your “No Fee” Investment Actually Has Fees

Posted by Ken Coombs

Apr 21st, 2017

Surprise! Your “No Fee” Investment Actually Has Fees

It's January 2017. You get a thick envelope from your "financial institution". It's your year end statement. Those 18 pages that you look at for 3 seconds, just long enough to see if the number on the bottom of page 1 is bigger than last year.

What you may have missed was a new page, added waaay at the back, that tells you exactly how well your portfolio performed. Oh, and exactly how much...

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Surprise! Your “No Fee” Investment Actually Has Fees

Preventing Human Resources Catastrophies

Posted by Kevin L. Routley

Mar 30th, 2017

Preventing Human Resources Catastrophies

Human resources policies and procedures encompass many different areas of your business and will be discussed as they relate to benefits in several coming posts. For now, let's look at two common areas where a lack of HR procedures can have a detrimental effect on the program, on-boarding and off-boarding.

On-boarding - In terms of a benefit program, when on-boarding an employee, good HR...

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Preventing Human Resources Catastrophies

Would You Pay Your Employees to be Healthy?

Posted by Chad Dawson

Mar 17th, 2017

Would You Pay Your Employees to be Healthy?

Equality could be the death knell of Employee Benefits plans.

We may be turning a corner – or at the very least approaching a fork in the road where our options for sustainability do not include current models.

The impact of high cost drugs, and escalating health care costs in general is shifting the landscape for employers. While the shift is dramatic (relatively speaking) –...

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Would You Pay Your Employees to be Healthy?

Podcast junkie!

Posted by Chad Dawson

Mar 17th, 2017

Podcast junkie!

I am admittedly a podcast junkie.

I spend a good chunk of work days in my car - and I'm not much of a music guy. So Podcasts are my go to distraction on everything from short jaunts around the city (I'll listen to a piece of a podcast on my 10 minute commute home) to hours long drives to see clients. I also run a lot and prefer a podcast or audio-book over music 99% of the time.

Outside of...

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Podcast junkie!

Medical Marijuana

Posted by Gordon R. Hart

Feb 21st, 2017

Medical Marijuana

Medical Marijuana and your benefits

On January 30, 2017 the Nova Scotia Human Rights Commission ruled that it was discriminatory to deny coverage for medical marijuana under a welfare trust plan. You can read the decision here. This decision is important, but there are some key elements that must be considered as follows,

  • The plan did not limit eligibility to drugs with a drug ...
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Medical Marijuana

4 Employee Benefits Trends for 2017 (and a wish)

Posted by Chad Dawson

Jan 17th, 2017

4 Employee Benefits Trends for 2017 (and a wish)

Oh January how we welcome thee!

Time for New Year’s resolutions - the optimism that comes with a fresh start and of course – a list! [Note:by today’s date – something like 80% of New Year’s Resolutions have failed]

In the Employee Benefits world 2017 could be the biggest roller coaster we’ve been on in a long time. So without further ado – here’s my list of the top 4...

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4 Employee Benefits Trends for 2017 (and a wish)

I'll Take a Drug Plan with Travel Please!

Posted by Gordon R. Hart

Sep 6th, 2016

I'll Take a Drug Plan with Travel Please!

Recently I came across a prospective client who was utilizing a health spending account to provide reimbursement of their plan member Health and Dental claims. The allocation was a modest amount that was quickly utilized by a number of plan members. Through the discussion with the prospective client we chatted about the goal of the existing program and how the plan was performing. The...

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I'll Take a Drug Plan with Travel Please!

3 Benefits Landmines

Posted by Gordon R. Hart

Aug 21st, 2016

3 Benefits Landmines

As with all administrative duties, the devil is in the detail. Over the last few months there has been a disturbing trend among clients around missing some of the day-to-day obligations of administering the benefits program. Here are three common landmines,

  1. Failure to enroll an eligible plan member within 31 days of eligibility. Since benefits can form part of the employment agreement...
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3 Benefits Landmines

4 Dont's - Sometimes You Have No Choice

Posted by Gordon R. Hart

May 2nd, 2016

4 Dont's - Sometimes You Have No Choice

When living in tough economic times, organizations must make difficult decisions about their workforce and compensation. Reducing wages and benefits is typically the last straw as organizations struggle to survive.

Few relish the decision to make cuts, but sometimes there are no other choices. So how the changes are made will have significant impact on how they are received. As with wages,...

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4 Dont's - Sometimes You Have No Choice

Pharmacogenetics and Benefits

Posted by Gordon R. Hart

Jan 15th, 2016

Pharmacogenetics and Benefits

Pharmacogenetics is the study of inherited genetic differences in drug metabolic pathways which can affect responses to drugs, both in terms of therapeutic effect as well as adverse effects. Test results help identify which medications will be the most effective as well as which frequency it should be taken to maximize the metabolic process and minimize adverse side effects.

How is the test...

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Pharmacogenetics and Benefits

What's Reasonable & Customary Mean?

Posted by Gordon R. Hart

Dec 12th, 2015

What's Reasonable & Customary Mean?

Most if not all group insurance plans contain some mention of reasonable and customary. This is an approach by providers to limit allowable costs for some services within a plan without providing a fixed hard cap. Reasonable and customary refers to the maximum allowable amount that a provider will reimburse on a particular service or item.

Few insurers post their reasonable and customary...

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What's Reasonable & Customary Mean?

Does It Really Matter If I'm Late?

Posted by Gordon R. Hart

Dec 4th, 2015

Does It Really Matter If I'm Late?

Most group insurance providers require that employees and eligible dependents enroll with the group insurance plan within 31 days of becoming eligible. The purpose of this limitation is to reduce advise risk within the plan from plan members who choose to enroll only when they have a need for services (and therefore claim much more than the average current member which drives up pricing for...

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Does It Really Matter If I'm Late?

Building the Solution

Posted by Gordon R. Hart

Oct 31st, 2015

Building the Solution

sus·tain·able

adjective \sə-ˈstā-nə-bəl\

: able to be used without being completely used up or destroyed

: involving methods that do not completely use up or destroy natural resources

: able to last or continue for a long time

© 2014 Merriam-Webster, Incorporated


As we move into 2016 one of the most common discussions with clients revolves around sustainability.

The workforce is the...

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Building the Solution

6 Steps to Prepare for Your Benefits Renewal

Posted by Gordon R. Hart

Oct 25th, 2015

6 Steps to Prepare for Your Benefits Renewal

Ever get that feeling when something just does not feel right? Trust your intuition. Although you cannot control every factor that impacts the pricing of your benefit plan, you can protect yourself by following these simple steps in assessing your renewal.

Step 1

Review the Data – Is the data being used accurate? Have you had a change in your workforce that is not reflected in the...

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6 Steps to Prepare for Your Benefits Renewal

Benefits.....Yah we got them.

Posted by Gordon R. Hart

Oct 12th, 2015

Benefits.....Yah we got them.

All too often we engage with a new client on their employee benefit plan strategy and upon some simple due diligence we find the existing plan operating in some level of obscurity. Obscurity in the sense that the plan members may not appreciate the investment being made by the plan sponsor organization. Obscurity in the sense that the plan members have little or no accountability to the...

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Benefits.....Yah we got them.

The Industry Must Change

Posted by Gordon R. Hart

Aug 19th, 2015

The Industry Must Change

The employee benefits market is broken. It is broken because there is no reality check between what a provider takes in terms of risk and what the policyholder is prepared to pay. At any point in time, a policyholder could test the market and find half a dozen quotes with savings ranging from 8% to 40%. 40% you say? Absolutely, in all my years working in employee benefits I have never seen...

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The Industry Must Change

Anatomy of a Group Insurance Death Spiral

Posted by Gordon R. Hart

Aug 18th, 2015

Anatomy of a Group Insurance Death Spiral

Group insurance in its simplest form is a promise of an employer to provide protection against unforeseen or unwanted financial loss due to illness or injury. In its most complicated form, group insurance is a part of wages which can be acquired or disposed of based on the net economic benefit seen by the participating party.

Over the last few months, I have had an opportunity to meet with...

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Anatomy of a Group Insurance Death Spiral

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Tel: (519) 344-7494

Toll-Free: (800) 362-8544

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Tel: (519) 675-1177

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