Sales of U.S. workplace supplemental health products totalled nearly US$1.3 billion in new annualized premiums in the first quarter of 2024 ― a three per cent increase year over year, according to a new report by LIMRA. It found major product lines of accident, critical illness and hospital indemnity insurance combined grew four per cent from […]
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 […]
The Canadian Life and Health Insurance Association has released a critical illness insurance guide to help Canadians better understand the benefits of critical illness insurance and how it works. Critical illness insurance is less well known than other types of insurance, so the guide helps to fill in the blanks for Canadians who may have […]
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 […]
Eight in 10 (80 per cent) small- and medium-sized employers in Eastern Canada say they don’t provide employee benefits, according to a new survey for Medavie Blue Cross by Abacus Data. The survey, which polled SMEs and SME workers in Ontario, Quebec and Atlantic Canada, found a third (35 per cent) of SMEs that don’t […]
In the first quarter of 2022, new annual premiums for supplemental health insurance products totalled $1.1 billion in the U.S., a six per cent increase from the same period last year, according to LIMRA’s latest workplace benefits sales surveys. Most workplace supplemental health insurance product lines ― accident, critical illness, cancer and hospital indemnity insurance ― […]
While more than half (58 per cent) of Canadian employers provide top-up pay for maternity leave benefits, just 33 per cent offer top-ups for parental leave benefits, according to a new survey by Aon. The survey, conducted among 207 Canadian employers, found 53 per cent provide income replacement of 95 per cent to 100 per […]
In an art gallery, people often recognize and appreciate the arrangement of the pieces as much as the works of art themselves. When employers offer voluntary benefits, they’re hoping that employees appreciate the offering. Above and beyond that, if plan members recognize the program as a customized suite of benefits that supports their unique needs, even better. Another conclusion […]
Sun Life is making a mental-health navigator available to plan members, aiming to help them find support during the coronavirus pandemic. The navigator, provided by Teladoc Health Inc.’s Best Doctors, connects plan members with a case manager who will assess their health history, set up a consultation with a psychologist or psychiatrist and keep in touch to make […]
Allstate Benefits is rolling out its critical illness coverage with medical care support services for Canadian employers and employees. When a plan member is diagnosed with a covered critical illness, they receive a cash benefit based on the percentage payable for that condition. The cash benefit can be used for any example; for instance, to cover […]