Company responding to growing demand for health benefits solutions that
meet the diverse needs of Canadian entrepreneurs.
TORONTO, June 25, 2012 /CNW/ - Benecaid Health Benefit Solutions, a
Canadian provider of employee benefit solutions for small and medium
sized businesses, has been ranked among the top companies in the "24th
annual PROFIT 200 ranking of Canada's Fastest-Growing Company's by
PROFIT Magazine". This is the fourth consecutive year the Benecaid has
been recognized in the PROFIT 200.
In the last three years, revenues have grown from $5.8 million to $8.7
million. Benecaid continues to serve the entrepreneurial market which
has been the main growth driver.
Benecaid's Health Benefits Solutions
Benecaid continues to serve the entrepreneurial market.
With Benecaid's self insurance solution - FlexStyle®; an employer funds
a reserve account to pay routine employee health claims. Benecaid
administers the payment of claims, and returns unused funds to the
employer. Since Benecaid pools claims with its other clients, it can
mitigate the impact of significant health claims.
The Company also offers the Benecaid Health Spending Account® (HSA)
which allows users to use tax-free dollars to cover their medical
costs. Employers make the contributions on a pre-tax basis on behalf of
themselves, and/or employees and families. As a stand-alone solution,
or combined with hsacomplete™ drug and catastrophic health insurance, the Benecaid Health Spending
Account is an ideal solution for self-employed individuals and small
businesses to realize significant savings on their expected healthcare
costs, and access insurance for unexpected health costs.
About PROFIT Magazine:
PROFIT: Your Guide to Business Success is Canada's preeminent
publication dedicated to the management issues and opportunities facing
small and mid-sized businesses. For 29 years, Canadian entrepreneurs and senior managers across a vast
array of economic sectors have remained loyal to PROFIT because it's a
timely and reliable source of actionable information that helps them
achieve business success and get the recognition they deserve for
generating positive economic and social change. Visit PROFIT online at www.PROFITguide.com.
Benecaid is a Canadian financial services company focused on the
delivery and administration of leading-edge employee benefit solutions
to small and medium sized enterprises. Their innovative solutions
deliver best-in-class benefit programs while managing the bottom line,
and are designed to put control of health benefit costs back into the
hands of the employer. Today, they are the premiere managers and
administrators of Health Spending Accounts (HSA) and administrative
services only (ASO) solutions for clients in a wide range of
industries. With over 5,000 companies and 50,000 individuals now
covered through Benecaid's solutions, Benecaid is one of the fastest
growing health benefits companies in Canada.
SOURCE Benecaid Health Benefit Solutions Inc
For further information:
416 626 8786 ext 7248