benefits premiums – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Mon, 15 Jul 2024 20:34:28 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 CAA Club Group’s Workplace Benefits Award win demonstrating commitment to employee well-being https://www.benefitscanada.com/benefits/health-benefits/caa-club-groups-workplace-benefits-award-win-demonstrating-commitment-to-employee-well-being/ Mon, 03 Jun 2024 13:00:55 +0000 https://www.benefitscanada.com/?p=156280 CAA Club Group’s award-winning health and wellness strategy is showing employees, as well as potential candidates, that the organization is focused on supporting the holistic well-being needs of its workforce. Last year, the organization’s extensive employee well-being program led it to win Benefits Canada’s 2023 Workplace Benefits Awards in the Health/wellness program category for employers […]

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]]> Expert warns against urging employees to use up benefits by end of year https://www.benefitscanada.com/benefits/health-benefits/expert-warns-against-urging-employees-to-use-up-benefits-by-end-of-year/ Tue, 19 Dec 2023 14:00:09 +0000 https://www.benefitscanada.com/?p=149031 With the end of the year approaching, some employers and health practitioners may feel the need to tell employees to use up their benefits, but Rob Van De Cappelle, national benefits consultant at Cowan Insurance Group, cautions against this approach. “I tell employers and employees the benefits plan is there to keep you healthy and […]

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]]> U.S. employers’ health benefits costs expected to rise 5.4% per employee: survey https://www.benefitscanada.com/benefits/health-benefits/u-s-employers-health-benefits-costs-expected-to-rise-5-4-per-employee-survey/ Tue, 12 Sep 2023 13:00:53 +0000 https://www.benefitscanada.com/?p=143210 U.S. employers say they’re expecting their total health benefits plan costs to rise by an average of 5.4 per cent per employee in 2024, according to a new survey by Mercer. The survey, which polled more than 1,900 employers, found the projected increase comes after more than a decade of annual cost increases typically averaging […]

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]]> U.S. employers’ health benefits costs projected to increase 8.5% in 2024: survey https://www.benefitscanada.com/benefits/health-benefits/u-s-employers-health-benefits-costs-projected-to-increase-8-5-in-2024-survey/ Thu, 31 Aug 2023 13:00:51 +0000 https://www.benefitscanada.com/?p=142751 U.S. employers are expecting health benefits costs to increase by an average of 8.5 per cent to more than $15,000 per employee in 2024, according to a new survey by Aon. The survey, which polled 800 U.S. employers, found the projected increase is nearly double the budgeted amount that employers experienced from 2022 to 2023 (4.5 per cent). […]

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]]> U.S. workplace disability insurance premiums reach $1.7BN in Q1 2023: report https://www.benefitscanada.com/benefits/health-benefits/u-s-workplace-disability-insurance-premiums-reach-1-7bn-in-q1-2023-report/ Mon, 10 Jul 2023 19:00:44 +0000 https://www.benefitscanada.com/?p=140863 Total U.S. sales of workplace disability insurance premiums reached $1.7 billion in the first quarter of 2023 — a year-over-year increase of five per cent — driven by a 17 per cent increase in short-term disability insurance sales, according to a new report by LIMRA. It also found sales of long-term disability insurance premiums were down five […]

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]]> More U.S. employers offering fertility benefits, but care still out of reach for many workers https://www.benefitscanada.com/benefits/health-benefits/more-u-s-employers-offering-fertility-benefits-but-care-still-out-of-reach-for-many-workers/ Wed, 17 May 2023 19:00:11 +0000 https://www.benefitscanada.com/?p=138420 Jessica Tincopa may leave the photography business she spent 14 years building for one reason — to find coverage for fertility treatment. After six miscarriages, Tincopa and her husband started saving for in vitro fertilization, which can cost more than US$20,000. But the coronavirus pandemic wiped out their savings and they can’t find coverage for IVF in their state’s health insurance marketplace. So the California couple is saving again and […]

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]]> Gesco, Unifor agreement includes retirement, paid leave gains https://www.benefitscanada.com/pensions/cap/gesco-unifor-agreement-includes-retirement-paid-leave-gains/ Mon, 27 Mar 2023 13:00:43 +0000 https://www.benefitscanada.com/?p=135642 The union representing employees at Ontario-based flooring company Gesco Ltd. Partnership has ratified a three-year collective agreement that includes retirement and paid leave gains. The company will now match all regular employees’ contributions to the group registered retirement savings plan to a maximum of four per cent of their basic annual earnings. The agreement also […]

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]]> Survey finds sales of U.S. supplemental health insurance products increasing https://www.benefitscanada.com/benefits/health-benefits/survey-finds-sales-of-u-s-supplemental-health-insurance-products-increasing/ Tue, 17 Jan 2023 14:00:16 +0000 https://www.benefitscanada.com/?p=132608 Sales of U.S. workplace supplemental health insurance products totalled US$2.1 billion in the first nine months of 2022, rising 11 per cent year over year, according to a new survey by LIMRA. It also found workplace supplemental health insurers reported a combined total of $453 million in the third quarter of 2022, three per cent […]

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]]> How employers can incentivize non-smoking employees https://www.benefitscanada.com/benefits/health-benefits/how-employers-can-incentivize-non-smoking-employees/ Wed, 07 Dec 2022 14:00:06 +0000 https://www.benefitscanada.com/?p=130160 Employers planning to incentivize non-smoking employees should align these perks with a broader health and well-being strategy and ensure the rewards are significant enough to make behaviour change appealing for smokers, says Kim Siddall, vice-president of enterprise consulting for the West at People Corporation. Possible incentives include additional vacation time, increased credits in a health-care […]

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]]> How Bill Gosling used pandemic conditions to redesign its benefits plan https://www.benefitscanada.com/archives_/benefits-canada-archive/how-bill-gosling-used-pandemic-conditions-to-redesign-benefits-plan/ Fri, 18 Nov 2022 13:58:46 +0000 https://www.benefitscanada.com/?p=129503 In March 2020, Bill Gosling Outsourcing’s benefits plan was facing unsustainable costs, as well as a deficit due to incoming premium increases. The coronavirus pandemic, which was declared at the same time, presented an opportunity for the organization to make significant changes. “During the pandemic, people were housebound, so they weren’t going to the dentist […]

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