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The Benefits by Design Advantage — Benefits for Employers and Employees

By: Benefits by Design | Wednesday February 22, 2017

Updated : Friday December 11, 2020

Two Women Talking at a Desk and taking notes | Benefits by Design

We usually don’t like to toot our own horn, but just this once, we will:

Benefits by Design (BBD) Inc. has the experience, knowledge, staff, service, and the products to be among the best Canadian companies providing employee benefits to small-, medium-, and large-sized businesses. (Toot, toot!)

There — we said it. Now let us prove it!

Who is Benefits by Design?

Benefits by Design (BBD) Inc. is a Third Party Administrator (TPA) providing best-in-class employee benefits for over twenty years.

We’re on a mission to promote and protect the health, wealth, and happiness of working Canadians through the delivery of benefits by design. (See, it’s all in the name).

But that’s what we do — it’s not who we are. This is who are!

Allow Us to Introduce Ourselves:

20+ years in the business as a proudly Canadian company. We insure over 4,000 groups which accounts for 46,000 working Canadians. We help the communities we live and work in. Using our online service portals, we're able to go green - including paperless invoices.

Now that we are properly introduced, let us back up the claim we made earlier. Here are some of the key advantages of working with Benefits by Design and the big ways in which we support the growth and success of your small-, medium-, or large-sized business.

#1. Sustainable Plans that Grow With Your Organization

If you’ve ever had an employee benefits plan before, you’re likely somewhat familiar with the process of a renewal.

For those that aren’t, we’ll explain it very quickly. A benefits plan is set up for a predetermined amount of time, where premium payments and rates remain the same, based on projected usage. If usage is higher than projected, rates will go up. If the usage is lower than projected, rates will go down. The entire renewal process can be very complicated and nuanced, but that’s the basic gist.

Large increases at renewal can become very unsustainable very quickly, particularly for small businesses where budgets may be tight. Many Insurers deliberately reduce their rates and premiums for the first year (think of it as a discount), which can seem very attractive at first glance.

However, when it comes time for renewal, you will likely be facing a large and often unsustainable increase, as the rates and premiums you were paying up until that point were not reflective of actual usage. This is where Benefits by Design shines.

Why Focusing on Employee Benefits Sustainability is Your Best Shot at Success

We price our plans with sustainability and longevity in mind right from the beginning. Why? Because we believe in the value of an employee benefits plan, and that means we’re not always the cheapest solution upfront.

However, our belief is that employee benefits plans should be a long-term solution — something you want to stick around for years to come.

If that’s a value you share, we’re meant to be.

#2. We Put People First (and We’re Not Just Saying That)

When you call us with a question, you speak with a real person — never a robot. We pride ourselves on our customer service and our ability to answer questions in-house with knowledgeable staff. No long holds, no automated phone systems — just people, happy to help.

Whenever you call us, you’ll be getting real, genuine, and — most of all —tailored help just for you. I think we both know you can’t say that about just any insurance company.

#3. Benefits Administration Made Easy with Dedicated Support and Resources

As a Third Party Administrator (TPA), we manage employee benefits on behalf of you, the employer, which makes benefits administration our specialty.

When you choose Benefits by Design, you’ll be assigned your own Client Manager who acts as your advocate for the health, stability, and smooth operation of your benefits plan. You’ll have the same contact with detailed knowledge of your plan, experience, and employees.

As a Third Party Administrator (TPA), we manage employee benefits on behalf of the employer. TPAs have relationships with many insurance providers. In other words, we can provide volume discount advantages as well as a direct connection to insurers! This can be critical when a difficult claims situation arises.

TPAs also have the ability to select the best products from various insurers and combine them into one plan to suit a client’s needs.

#4. Flexible Products and Services for Just About Any Business

Today’s workforce is the most diverse we’ve ever seen, with five different generations working together, all with different wants and needs, values, and even working and management styles.

That means that “one-size-fits-all” benefits plans just aren’t cutting it anymore. Benefits by Design has prioritized creating flexible solutions that grow with your business and your needs and that directly mirror the trends and shifts we’re seeing in the industry.

That means that we have benefits solutions no matter your situation — from one employee to a hundred, or more.