We gave over $200,000 back to business owners in 2020!
The challenges we have all faced this year was something we never expected, especially businesses who took a devastating financial hit. We wanted to do our part to help and are happy to celebrate giving businesses an extra financial boost by doubling our dividend returns from last year.
We are proud to announce we have given $215,757 back to business owners through the Mansha Co-operative Group Benefits Plan from 2020 dividends.
Over the last several years our dividend returns have grown as the program gets larger. To date Mansha Plan has given back over $545,654 in refunds to serval industries.
This sounds too good to be true for employers – but we are here to tell you it’s just as great as it sounds. Let’s break down how the program works, the many benefits and how to qualify:
What is the Mansha Co-operative?
The Mansha Co-operative is a unique and exclusive employee benefits co-op.
Using the power of data, this Hybrid ASO Group Health Benefits model outperforms traditional plans. It actively monitors every member’s plan usage, and refunds the collective unused benefits back.
How to qualify for the Mansha Co-operative?
To be accepted into this exclusive program you need:
· Minimum of 10 employees
· Minimum of 3 years claims experience
· EHC and Dental Incurred Loss Ratio not higher than 120%
· Approval to participate in the pool subject to underwriting review
What are the advantages of this exclusive program?
The advantages of the Mansha Co-operative include:
· Cost savings through large purchasing volume
· One-of-a-kind hybrid ASO model
· Pharmacogenetics testing
· HR consulting services
· Drug advocacy services
· Your own dedicated benefits consultant and client service rep
How the refund model works:
Our program is the only one in Canada to offer dividend cheques when claims are lower than premiums and cover deficits when claims exceed premiums. This applies to experience rated benefits: EHC, Dental, Life & Disability products. On average, 80% of our clients receive refunds.
2020’s dividend returns to business owners shows the results:
If you’re a Business Owner or Executive looking for a one-of-a-kind group benefits plan – reach out to our team to learn more about this exclusive opportunity.
This is a sophisticated strategy that should be implemented with the guidance of your group benefits advisor. There is a vetting process to qualify for this plan to ensure top quality candidates are chosen. Make sure to talk to contact your group benefits provider to learn more about this program, the benefits and if your business qualifies.