Between 2019 and 2023, chronic disease drug claims increased much faster among younger plan members compared to older generations, according to a new report by Sun Life. The report, which analyzed drug claims data of more than 3 million plan members over a five-year period, found across all age groups, nearly half (45.1 per cent) of […]
Peel Region’s extensive collection of data and strong results led to a win in the Mental Health Program category for employers with more than 1,000 employees at Benefits Canada’s 2024 Workplace Benefits Awards on Oct. 18. In 2019, Peel Region developed a psychological health and safety framework — the Me-We-Us Framework — and committed to adopting the Canadian […]
Canadian health benefits plan members are increasingly feeling financially strained, according to the 2024 Benefits Canada Healthcare Survey — a finding that experts say should be a call to action to employers to include more financial wellness supports in benefits plans. Personal finances has remained plan members’ top stressor for the past two years, with […]
Three-fifths (60 per cent) of working women believe health issues around menstruation, menopause and reproductive health can affect their career advancement abilities, according to a new report by Sun Life Financial Inc. It found four in 10 working women said they’ve made career-limiting decisions for health-related concerns or to care for their family and 10 […]
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 […]
The use of obesity medications among Canadian employer-sponsored benefits plan members has grown substantially, with claims increasing 42 per cent in 2023 and roughly 92 per cent since 2020, according to a new report by Manulife Financial Corp. The report, based on aggregate claims data, found more women are using obesity drugs than men (79 […]
This Mental Health Week and beyond, employers can support employee mental health using digital toolkits, mental-health coaching and by providing adequate coverage, says Marie-Chantal Côtè, senior vice-president of group benefits at Sun Life Financial Inc. Mental-health practitioner claims more than doubled between 2019 and 2023, according to a recent report by Sun Life that examined claims […]
While the coronavirus pandemic may be in the rearview mirror for most employers, the Ontario-based Workplace Safety and Insurance Board knows all too well that the shadow pandemic that emerged from the health crisis is still impacting employees in the workplace. At a time when some employers are considering cutting back on mental-health benefits, the […]
The Ontario Court of Appeal’s affirmation of a $1.5 million punitive damages award — reportedly the largest award of its kind in a Canadian long-term disability case — may signal greater exposure for employers and insurers that fail in their duty to treat such claims in good faith. “The court had no problem with the […]
Many plan members are experiencing risk factors related to poor mental, physical and financial well-being, but often don’t know they can turn to their benefits plans for help. Indeed, when Canada Life’s disability claims report asked plan members going on disability whether they sought out counselling through their benefits plans, more than half said they […]