HFI Benefits Inc: Employee Benefits Advisory
We provide employee benefit advisory and support services in the greater Edmonton Area, Alberta
HFI Benefits is an Edmonton based employee benefits advisory with over 70 years of combined industry experience. We take a progressive approach to benefit plan design and claims funding by utilizing partial, insurer-backed, self-insurance ASO (Admin Services Only), in combination with an optional combined HSA (Health Spending Account)/WSA (Wellness Spending Account) (with a smartphone app available for Android and iOS), called QubeFlex with myHSA. This is the direction benefit plan design has been going for many years. With the recent advent of smartphone application technology, HSAs and WSAs can now be easily and effectively implemented, at a low cost, for companies of any size.
We Provide Expertise, Recommendations, and Ongoing Service & Support
Group Employee Benefit Brokers - Edmonton & area
Executive Benefit Plan Brokers
780-705-7800
Employee Benefits Advisory
Edmonton Office
#200 - 6904 Roper Rd NW
Are we the best employee benefit brokers in Edmonton & area?
Our clients think so, and we think you will too.
Please contact us to arrange a no-risk, no
obligation employee benefit plan review.
We utilize ASO and flexible benefits to provide the most progressive, comprehensive and flexible benefit plan for the money, and we ensure it stays that way, year after year.
Group Employee Benefits Consulting - Edmonton & Area
Like many other industries, group employee benefits insurance has become very specialized. This is largely a result of how the group benefits insurance industry is set up. Though there are some fundamental common conventions, each insurance company comes up with their own cost structure, using their own metrics, for five or more benefit coverage categories under one group benefits policy. Add to this a changing legislative landscape, taxation, new technology, and the increasing need for HR related liability protection, and you can see why enlisting the services of a benefits specialist is smart business.
When it comes to high-quality employee benefit plan advice and expertise, primarily life insurance generalists have effectively had their day; attempting to be all things to all companies is now impractical and costly to the company's they are servicing employee benefit plan's for. This is easily borne out in any review analysis done by an experienced employee benefits specialist. As with many industries, you can choose to be really good at one thing, or be mediocre at many... we choose the first approach.
We Can Negotiate Significant Group Employee Benefit Savings For You
Many company's looking for employee benefits coverage think they can simply call an insurer and request a plan quotation, like getting a quote for hardwood, inventory items, etc. The reality is, you will always be referred to either an internal direct representative (as with Alberta Blue Cross) or a preferred group employee benefits broker that works with that particular insurer. And, unless the broker you're put in touch with has the tools, experience and expertise to be able to provide you with a proper, apples-to-apples, plan comparison from every relevant group benefit insurer, you will end up getting five+ different plan designs, with different cost structures, from five+ different insurers. For this reason, and many others, it is strongly advised that you enlist a knowledgeable and experienced group benefits broker from the start. A skilled and experienced group benefits broker will be able to provide you a true apples-to-apples quotation from all relevant group insurers, as well as common sense & current era alternate plan options which you may not have considered.
As a general rule, no nationwide group employee benefits insurer will quote directly to companies. Alberta Blue Cross, a provincially based group employee benefits insurer, has direct representatives, but they still incorporate a standard advisor compensation fee structure into their rates for the sales employee generating the quotation . Why would you limit your options by only dealing directly with one insurance company option, when you could get access to the entire group insurer marketplace by dealing with an established employee benefits brokerage advisory?
Furthermore, group employee benefits insurance is really the only financial or insurance service that can still be effectively negotiated in a way that yields significant savings because of the many variables in play that impact the pricing of the various coverage's provided, but it takes the technical tools, experience, expertise and connections of a credible employee benefits broker to do so.
At HFI Benefits, we start with a group employee benefit plan review
Allowing us to complete a no obligation 'lay of the land' benefit plan review is the simplest, easiest, no-risk way to determine where you currently stand, so we can advise you on any changes or additions that should be considered. All we require is an electronic copy of your most recent renewal report and the plan summary or booklet. No letters are signed, nor any phone calls made to any supplier at any level. If you don't currently have a benefit plan, all we need is an employee census data sheet and a general idea of what coverage options you're looking for in order for us to secure quotations for you.
MORE INFORMATION: See our benefit plan review page for more details.
- Employee and Family Assistance programs or EAP’s or EFAP’s
- FollowMe or CoverMe individual Health & Dental plans
- Out of Canada or Emergency travel insurance plans
- Group Critical Illness (CI) plans
- Group Optional Life insurance plans
- Business Buy-Sell Agreement Life Insurance
- Business based Key-Person Life Insurance
- Executive Health Savings Plan with Life or & Critical Illness Insurance
- Corporate Estate Bond with Life Insurance
- Group RRSP & company Pension plans
Frequently Asked Questions
We Provide Expertise, Recommendations, and Ongoing Service & Support
Group Employee Benefit Brokers - Edmonton & area
Executive Benefit Plan Brokers
Employee Benefits Advisory
Edmonton Office
780-705-7800
#200 - 6904 Roper Rd NW
Are we the best employee benefit brokers in Edmonton & area?
Our clients think so, and we hope you will too.
Please contact us to arrange a no-risk, no
obligation employee benefit plan review.
Our Services
ASO (Admin Services Only)
For HFI Benefits, ASO is a tool that reduces the processing, inflation and risk expenses of a group plan while also eliminating ultra-conservative insurer reserves
Benefit Plan Reviews
Over the years we’ve found the best way to ensure you have the most progressive and comprehensive benefit plan possible is to complete a two to three-year financial analysis along with a full plan design review
Health and Wellness Spending Accounts
Our flexible HSAs and WSAs are administered through web and smartphone applications. Your employees receive “flex-credits” (dollars) which they are able to allocate according to their own needs. They then submit claims through the QubeFlex 2.0 website or myHSA smartphone applications
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We have been chosen one of the 5 best Group Employee Benefit Brokers in Edmonton - click here