Control and Compound with Darren Mitchell8 Mai 2025

The Truth About Group Insurance: High-Cost Drugs, Tax Benefits & What Employers Need to Know

Watch the webinar on the Rockefeller Method now: https://shorturl.at/14eAL

In this must-listen episode, Darren and Christina sit down with group insurance expert Pat McIver to unpack everything employers and employees need to know about group benefits. From the basics of coverage and cost-sharing to how high-cost medications like Ozempic and biologics are reshaping plans, this episode delivers practical insights you won't find in a brochure. Learn how to structure a tax-efficient benefits plan, why claims experience matters, and how the coming changes in pharmacare might impact your business. Whether you're managing a two-person team or a 100-person company, this conversation is packed with essential knowledge, tune in now!

Show notes:

00:00 - Introduction to Pat McIver

1:55 - Breaking down group benefits

7:30 - Is Ozempic and other new drugs covered?

12:30 - What types of claims will drive up the premium?

14:40 - Minimum number of employees needed to start a benefits plan

15:45 - Best practices from employer standpoint on long term disability coverage

18:40 - What is a health spending account?

22:15 - Tips for business owners on what to avoid and what they should be looking at

BOOK A CALL WITH US NOW: https://www.controlandcompound.com/contact-us

FIND US ON:

INSTAGRAM: https://www.instagram.com/controlandcompound/

TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en

FACEBOOK: https://www.facebook.com/controlandcompound

JOIN OUR FACEBOOK COMMUNITY: https://www.facebook.com/groups/controlandcompound

Denne episoden er hentet fra en åpen RSS-feed og er ikke publisert av Podme. Den kan derfor inneholde annonser.

Episoder(269)

Canada's $50 Billion EV Gamble: What Happens Now?

Check out our webinar for business owners: https://hub.controlandcompound.com/business-masterclass-webinar-replay Canada set out to become an electric vehicle superpower. Governments backed the str...

20 Jul 25min

If You Died Tomorrow... Would Your Family Know What to Do?

Check out our webinar for business owners: https://hub.controlandcompound.com/business-masterclass-webinar-replay Most people think their family knows where everything is. The reality? They usua...

13 Jul 27min

Entrepreneurship, Resilience & Building a Global Company with Travis McDonough

Check out our webinar for business owners: https://hub.controlandcompound.com/business-masterclass-webinar-replay What does it really take to build a global company from Atlantic Canada? In this ...

9 Jul 42min

The Hidden Crisis Facing Canada's Economy

Check out our webinar for business owners: https://hub.controlandcompound.com/business-masterclass-webinar-replay Canada has a problem... and it's bigger than inflation. On this month's economic upda...

6 Jul 42min

The Retirement Trap: Why the Retirement Plan Canadians Were Sold Is Breaking

Check out our webinar for business owners: https://hub.controlandcompound.com/business-masterclass-webinar-replay For decades, Canadians were told retirement was simple: ✔ Pay off your mortgage ✔...

29 Jun 25min

How John D. Rockefeller Built and Preserved Generational Wealth

https://hub.controlandcompound.com/business-masterclass-webinar-replay John D. Rockefeller didn't just build one of the largest fortunes in history – he built a system that allowed his wealth to las...

22 Jun 19min

Your Business Is Growing… So Why Are You More Stressed?

https://hub.controlandcompound.com/business-masterclass-webinar-replay Many entrepreneurs start their business believing success will eventually create freedom. But for a lot of business owners, the...

15 Jun 34min

The Biggest Money Mistake Most Canadians Make | Why Banks Always Win

https://hub.controlandcompound.com/business-masterclass-webinar-replay What if you woke up on a desert island with 100 other people and had to rebuild an economy from scratch? In this episode of C...

8 Jun 22min