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Hi there, we hope you have enjoyed the outdoors and spending time with friends and family. Before the busy fall season, take some time to catch up on top industry news in this summer edition of the Smart Benefits Newsletter. Find out about the exciting new joint venture between SEB and EP Financial, how the new right-to-disconnect laws will impact worker safety, and more from the world of benefits.
SEB & Everyday People Financial Partner to Launch Health Spending Account Mastercard® Program Across North America
Everyday People Financial Inc. and SEB Administrative Services Inc. have partnered to form a joint venture: “Smart Everyday People”. The venture aims to transform how employers take care of their employees by providing easy access to health and wellness benefits. Its main product Everyday HSA is a bespoke healthcare spending account program. Members of this HSA program are issued a spending account for health care and wellness services tied to a Mastercard®. Everyday HSA offers lower corporate cash requirements for employers while eliminating out-of-pocket expenses for employees.
Young Canadians more inclined to switch jobs over work benefits
Canadians are giving employer-provided benefits programs more weight in the face of a tight labor market.
According to a recent RBC Insurance survey, young Canadians between the ages of 18 and 34 (73%) and 35 and 44 (69%) are substantially more inclined to leave their present company for one that provides what they would regard to be superior benefits.
Read more.
Significant Security Update - Two-Factored Authentication for FlexPlus® Users
SEB has introduced Two-Factor Authentication (2FA) to provide an extra layer of security to SEB’s FlexPlus accounts. The 2FA feature was deployed on August 13, 2022, for system Administrators and will extend to all plan members by Fall 2022. This new security feature is a mandatory continuous improvement effort that we are implementing to protect our clients and their employees from hackers and cybercrime.
Retirement crisis is in the works amid inflation: survey
More Canadians are facing challenges in saving for retirement security as inflation continues to soar and markets decline, a new study by the Healthcare of Ontario Pension Plan (HOOPP) has found.
How Can You Make Your Benefits Administration System Work for All Genders?
Diversity, equity, and inclusion are complex and evolving matters that have been hot topics for companies for quite some time. Find out how top companies are making their Benefits Administration System Work for All Genders.
How new right-to-disconnect law impacts worker safety
Ontario’s right-to-disconnect law is now fully in effect. Under the new legislation, employers with 25 or more employees (as of Jan 1, 2022) were to have put into place a written policy on disconnecting from work by June 2, 2022. Despite this deadline, because the law is so recent, employers still have questions about compliance and best practices.
In January 2022, SEB achieved ISO 27001 certification for Information and Security Management. As part of our ISO certification, we are subject to annual audits to ensure that we maintain our operations within our ISO framework and the highest security standard. At SEB, data and system security is a continuous effort and our top priority.
101 Productivity Tips to Help You Get More Done Every Day
Productivity is an amalgamation of your habits, working strategies, physical condition and environment, and of course, mentality. And helpful productivity tips are always welcome.
How life and health insurance landscape is evolving for LGBTQ2+ clients
Insurers are making sure to address policyholders by their chosen name, removing honorifics from written messages, and avoid misgendering clients on any part of the underwriting or application process, but more must be done.
Read more.
SEB Administrative Services Inc., 5500 Explorer Dr, Mississauga, ON L4W 5C7, Canada