Want better group benefits?
Make smarter investments in employees' health.
Most group benefits leave room for improvement
of employees want
customized benefits
of employees make 80%
of benefits claims
of businesses offer
a single planto all EE’s
9 in 10 Canadians’ health needs aren’t satisfied by their current benefit and would view a better plan design as a significant bump in total rewards.
EIO allows you to customize every aspect of your plan design and provides detailed benefits usage insights so you’ll clearly see what employees value (and what they don’t)
Most usage reports list total claims, but omit who is using the plan. You may never know if the plan is broadly liked, or only works for one high-claiming employee. (This can be especially frustrating for employees who pay a portion of premiums!)
EIO provides anonymized per-certificate usage data to highlight how many employees are finding value in the plan, and how many more would benefit from changes.
Most employers accept off-the-shelf benefits plans without realizing the endless customizations available to them.
EIO offers bi-annual consultations to ensure plans are meeting your specific business goals. Our client-controlled plans allow for ongoing changes to optimize plan design and create more value for employees.
Could you do more with your benefits?
The best plan isn’t the cheapest version of one-size-fits all coverage—it’s the one that meets
both your business & healthcare goals.
Attract a new demographic with different demands
Support a tenured employee with specific medical expenses
Avoid un-budgeted cost increases or coverage restrictions
Optimize expenses & taxable income for owners & executives
Encourage more usage from broader range of employees
Create top-tier rewards packages to recruit top-tier candidates
Keep workforce happy, healthy, and loyal to the business
Reduce workload (and headaches) for admin team
Improving group benefits is
easier than you think!
#1: Knowledge puts you in control
Small and mid-sized groups rarely get per-employee claims data that shows what’s being used (and not) and by how many people. This lack of insight is why most benefits feel carrier-controlled.
EIO puts you in charge with fully-transparent plan usage data (while protecting employees’ confidentiality). With the right insight, you can tweak your plan design or consider self-insured products to enhance coverage without increasing costs.
#2. Savings & stability are possible for smaller teams
Most Canadian benefits follow an experience-rated pricing model where rates increase based on isolated claims experience. A few employees may love the plan, submit high claims, and rates increase for all; or claims may be low, prices stay stable, but no one appreciates what you’re paying for!
With EIO benefit plans, we ensure everyone wins by pooling health & dental claims across thousands of members. You’re free to enhance benefits and encourage usage without fear of surprise price increases.
EIO’s average annual client renewal: 4.8%
Industry average annual client renewal: 10-15%
#3. Enhancements can be funded through efficiencies
With most plans, if you want more coverage, you just have to pay more—usually on bundled upgrades that add more than you need.
EIO conducts semi-annual plan reviews to find undervalued benefits and recommend optimized plan designs and funding models—like changing prescription drug maximums if your teams’ claims are low, then using the savings to increase coverage for massage therapy or vision care that people will actually use.
#4. Ease of use greatly affects access to care
24% of employees say they don’t understand their benefits plan; 17% say they don’t know where to start submitting a claim; and 56% struggle with financial insecurity, affecting their ability to pay out of pocket and when they can’t afford to wait for delayed reimbursement.
EIO knows the value of easy-to-understand (and use) health benefits! We leverage Canada’s #1 member portal and virtual healthcare apps combined with most-used pay-direct benefit cards from TELUS Health. Plus our in-house team spread across Canada directly supports members and plan administrators.
#5. Inflationary costs stem from industry incentives
Most fees in group benefits (insurer margins, admin fees, commissions, even taxes) are set as a percentage of premiums. As costs rise, carrier revenues, brokers commission and even provincial taxes rise as well. Over the past decade that has translated into 10–12 % baseline annual increases—with accelerations projected in the near future.
EIO believes it’s unfair for businesses to bear the brunt of these cost increases with little power to push back. So, we operate differently.
Our margins are based on lean operations, and our growth goals are based on helping more clients (not gouging our current ones). We employ a smart, efficient, and coordinated team; audit claims to catch fraud early; and push our preferred partners toward transparent, value-based pricing. Because of this, our pricing model is competitive on day one—and is guaranteed to significantly reduce costs across our entire block of business over the coming years.
An independent alternative to traditional benefits
Full-service benefits from a team who really cares
From consulting, to underwriting, to claims-management, EIO’s internal teams offer holistic, personal support to plan sponsors, administrators, and members across Canada.
Industry-leading partners support us where it counts
We leverage best-in-class technology and financial partners to ensure our members receive the best possible experience with complete confidence that claims will be paid.
EIO is proud to work with
What do people say about EIO?
Unsure if it's worth making a change?
When you take control of your benefits,
employees get better healthcare!
Here are a few great reasons to consider new benefits today!
- Prevent compounding increases on upcoming renewals;
- Start gathering real usage data to guide informed decisions
- Add crucial coverage employees are currently missing
- Start banking savings for future reinvestment
- Make sure all employees can easily access the plan
- Signal to employees that you prioritize their wellbeing