Group benefits cost calculator
Your numbers
Your result
- Estimated monthly cost per employeeStandard plan
- $215
- Total annual plan cost
- $30,960
- Your share at a 75/25 splitEmployer-paid premiums are a deductible business expense
- $23,220
- People you replace each yearAt 25% turnover
- 3.0
- What that turnover costs youRecruiting, onboarding and lost productivity at ~33% of salary
- $77,220
- Turnover saved if you keep one more in four
- $19,305
- Net cost after retention effect
- $3,915
Your share works out to about $1,935 a month. A wage bump big enough to hold the same crew would cost several times that — and unlike a raise, premiums are deductible and can't be matched by the shop down the road with one phone call.
How this is calculated
- Per-employee premium estimates reflect typical Ontario small-group pricing at the time of writing; your actual quote depends on group size, age mix, industry and claims history.
- Assumes a 75/25 employer/employee premium split — a common structure, easily adjusted.
- Turnover replacement cost estimated at 33% of annual salary, a widely used planning benchmark covering recruiting, onboarding and lost productivity.
- Assumes benefits reduce voluntary turnover by 25%, deliberately conservative.
- Employer-paid premiums are generally a deductible business expense; taxable-benefit treatment varies by coverage type.
This is an estimate for planning discussion only — not tax, legal or investment advice. Your actual result depends on your full situation.
What we do with your number
An estimate gets you to the right conversation; it doesn't get you a plan. We take your census — ages, dependants, roles — to market across carriers, benchmark what you're paying today if you already have coverage, and show the trade-offs in plain language: what a richer dental grid actually costs, where a health spending account beats a traditional plan, and when a group retirement match does more for retention than another point of premium.