employee benefits – 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 49% of executive leaders say financial stress preventing frontline staff from doing best work: survey https://www.benefitscanada.com/benefits/health-wellness/49-of-executive-leaders-say-financial-stress-preventing-frontline-staff-from-doing-best-work-survey/ Mon, 15 Jul 2024 19:00:59 +0000 https://www.benefitscanada.com/?p=158117 Nearly half (49 per cent) of executive leaders say financial stress often or very often prevents their frontline workers from doing their best work, according to a new survey by Dayforce Inc. The survey, which polled more than 6,900 workers, managers and executives from companies with frontline workers across the globe, found 62 per cent of […]

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]]> Employers considering dropping dental from benefits plan should think twice: expert https://www.benefitscanada.com/benefits/health-benefits/employers-considering-dropping-dental-from-benefits-plan-should-think-twice-expert/ Fri, 12 Jul 2024 13:00:58 +0000 https://www.benefitscanada.com/?p=157994 Employers that are considering dropping dental coverage from their benefits plan following the launch of the national dental care program are advised to think twice, says Graham Young, director of employee benefits at Capcorp Financial Corp. The national plan — administered by Health Canada, with support from a third-party benefits administrator — provides dental coverage for uninsured Canadians with […]

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]]> Top 5 HR, benefits, pension and investment stories of the week https://www.benefitscanada.com/benefits/health-benefits/top-5-hr-benefits-pension-and-investment-stories-of-the-week-90/ Fri, 12 Jul 2024 13:00:18 +0000 https://www.benefitscanada.com/?p=158072 A story on how group insurers can help plan sponsors provide adequate coverage and ensure appropriate use of treatments for rare diseases was the most-read article on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. Sounding Board: How employers can mitigate cost of […]

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]]> 70% of U.S. employers say benefits critical to attraction, retention efforts: report https://www.benefitscanada.com/benefits/health-benefits/70-of-u-s-employers-say-benefits-critical-to-attraction-retention-efforts-report/ Wed, 10 Jul 2024 13:00:49 +0000 https://www.benefitscanada.com/?p=157955 Nearly three-quarters (70 per cent) of U.S. employers say their company’s benefits package is critical to attracting and retaining the best workers, according to a new report by LIMRA. It found half (51 per cent) of employers believe their company will be offering more benefits in the future than it does today and another six […]

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]]> Sounding Board: How employers can mitigate cost of drugs for rare diseases https://www.benefitscanada.com/benefits/health-benefits/sounding-board-how-employers-can-mitigate-cost-of-drugs-for-rare-diseases/ Mon, 08 Jul 2024 13:00:22 +0000 https://www.benefitscanada.com/?p=157855 The World Health Organization defines a rare disease as having a prevalence of 65 or less per 100,000 individuals. It recognizes some 5,500 rare diseases, the majority being of genetic origin and often life-threatening. Medical research has yielded significant drug development for the treatment of rare diseases, increasing life expectancy and improving quality of life. However, […]

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]]> 47% of Canadians have had an injury preventing them from functioning at work: survey https://www.benefitscanada.com/benefits/health-benefits/47-of-canadians-have-had-an-injury-preventing-them-from-functioning-at-work-survey/ Wed, 03 Jul 2024 13:00:11 +0000 https://www.benefitscanada.com/?p=157680 Nearly half (47 per cent) of Canadians say they’ve been injured in a way that impedes or has impeded them from being fully functional at work, at home or at play, according to a new survey by Ipsos on behalf of the Canadian Athletic Therapists Association. The survey, which polled 1,000 Canadian workers aged 18 and […]

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]]> U.S. workplace supplemental health product sales increase 3% to $1.3BN in Q1 2024: report https://www.benefitscanada.com/benefits/health-benefits/u-s-workplace-supplemental-health-product-sales-increase-3-to-1-3bn-in-q1-2024-report/ Tue, 02 Jul 2024 13:00:57 +0000 https://www.benefitscanada.com/?p=157620 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 […]

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]]> Mental-health claims by Canadians up 132% since pandemic: report https://www.benefitscanada.com/benefits/health-benefits/mental-health-claims-by-canadians-up-132-since-pandemic-report/ Thu, 27 Jun 2024 19:00:57 +0000 https://www.benefitscanada.com/?p=157536 Mental-health claims by Canadians have increased by 132 per cent since the onset of the coronavirus pandemic, according to a new report by GreenShield. The report, which compiled data from the insurer’s claims database between 2020 to 2023, found women and younger generations account for the majority of mental-health services accessed. Among those accessing mental-health services, stress […]

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]]> Sounding Board: What plan sponsors should know about pharmacare https://www.benefitscanada.com/benefits/health-benefits/sounding-board-what-plan-sponsors-should-know-about-pharmacare/ Thu, 27 Jun 2024 13:00:06 +0000 https://www.benefitscanada.com/?p=157451 Plan sponsors worried about the expense and sustainability of their drug plan might initially embrace a pharmacare plan, hoping to shift drug costs to a new program funded by provincial and federal governments. However, this may not be the solution it seems. A single-payer universal pharmacare system might limit medication access for individuals with employer-sponsored benefits […]

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]]> Hunting for discounts and deals? Don’t forget to check perks through your workplace https://www.benefitscanada.com/benefits/health-benefits/hunting-for-discounts-and-deals-dont-forget-to-check-perks-through-your-workplace/ Tue, 25 Jun 2024 19:00:38 +0000 https://www.benefitscanada.com/?p=157422 Everyone loves a deal, but many Canadians either forget or don’t realize they can find discounts through their workplace. “There really are a lot [of perks] that employees just don’t seem to know about,” says Debby Carreau, chief executive officer and founder of Inspired HR, a human resources consultancy with offices across Canada. “Those things […]

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