There are many essential qualities that people look for in a job when they are on the hunt for employment. In most cases, the main priority of most people is to find a job that will financially support them and allow them to provide for their family if they have one. But a regular paycheck at the end of the week is often not sufficient enough to fully support someone. That is why the most desirable jobs are those that offer decent employee benefits such as health insurance.
Because of the costs of medical care of any kind, people usually seek jobs that can offer them health insurance. The issue, though, is that not all employers are able to offer health insurance benefits to their employees. For example, small business health insurance benefits are quite hard to come by because of the typically limited budgets of small businesses. Health insurance companies in Canada, however, are making small business health benefits possible through strategies such as flexible health spending accounts.
Adopted in 1984, the Canada Health Act is a piece of federal legislation which specifies which specifies the conditions and criteria with which the provincial and territorial health insurance programs must conform in order to receive federal transfer payments under the Canada Health Transfer. Health care costs in Canada are paid through a publicly funded health care system, with funding coming from income taxes. The health care system is mostly free, are the majority of services are provided by private entities.
Surveys conducted by the Strategic Counsel found that 91 percent of Canadian citizens prefer their healthcare system to the style of system used by the United States. Traditional employee benefit plans require employees to pay for costs such as deductibles, co pays, and other services that are not covered by traditional plans. By strategically implementing a flexible health spending account through the guidance of an insurance company, however, small businesses in Canada may be able to provide their employees with sufficient health insurance benefits.