HFG September 2022 Newsletter
The Importance of Updating Employee Information

You can update employee information quickly and easily through my-benefits for Plan Administrators, ANYWHERE, at ANY TIME. And it’s important that you do, for you and your employees.
• If employee enrolment isn’t completed on time (“Late Entrants”), they will be subject to a medical review, which could put their eligibility for coverage at risk.
• If employees’ earnings are not updated, it could leave them underinsured.
• Not submitting employee status changes (e.g. marriage, birth of a child) can mean your employee and their family isn’t properly protected.
• Unreported employee terminations can result in unnecessary billed premiums.
 
If you’re unsure of what earning amounts to include, please refer to the Statement of Income Worksheet found on www.my-benefits.ca or under the Forms & Resources for Administrators section of www.chamberplan.ca

If you have questions, we are ready to help! Call us at 905-319-9999.
Healthy Business Bookmark (HBB) - Guide for Understanding Payroll Basics
• Employers are required to remit payroll withholdings within strict timelines, which vary with the size of the payroll.
• There are many ways in which payroll withholdings can be remitted, although very large employers must remit either electronically, or through a financial institution.
• Significant penalties and interest charges apply where remittances are late or too little has been withheld.
• Employers may also be required to register for worker’s compensation insurance through their province’s or territory’s governing body. Remittances and payments are based on insurable earnings and have specific deadlines.
• Payroll is more than just making sure employees get paid; employers may have obligations to multiple government organizations that oversee the employment standards, safety and the financial security of Canadians.
Chambers Plan Voyage Assistance -Travel Insurance Assists with More than Hospital Bills
Planning a trip soon? Need to review your coverage?

Chambers of Commerce Group Insurance Plan offers many Health benefit options, including Voyage Assistance travel coverage.

This benefit pays for eligible expenses for you or your family members resulting from a medical emergency outside your province of residence.

*NEW* Access PERSONAL BENEFITS coverage information, including purchasing trip cancellation, at www.my-benefits.ca under your EMPLOYEE profile.

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Questions about my-benefits or how to submit pertinent changes?

The Chambers Plan Customer Service team is there to help!
Toll Free: 1(800) 665-3365


Or use the live ‘Chat’ function in my-benefits.
 
Hynek Financial Group
5500 North Service Road, Suite 209, Burlington, ON  L7L 6W6
PH: (905) 319-9999
Email: info@hfgb.ca