More than three-quarters (78 per cent) of plan sponsors say they’re concerned about the coronavirus pandemic’s long-term impact on the cost of health benefits plans, up from 71 per cent in 2021, according to the 2022 Benefits Canada Healthcare Survey. Among these respondents, 31 per cent strongly agreed with this statement, up from 23 per cent […]
A majority of plan sponsors (80 per cent) and plan members (77 per cent) described the quality of their health benefits plans as excellent or good, according to the 2022 Benefits Canada Healthcare Survey. Employers with 500 or more employees (86 per cent) were more likely than those with fewer than 50 employees (72 per […]
Walmart Inc. is teaming up with a fertility startup to offer benefits under its insurance plan that will help its U.S. workers expand their families. The retail giant is partnering with New York-based Kindbody to offer benefits such as in-vitro fertilization, as well as fertility testing regardless of sex, sexual orientation, gender identity or marital […]
An article on virtual health-care findings in the 2022 Benefits Canada Healthcare Survey was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. 88% of benefits plan sponsors satisfied with virtual health-care offerings: BCHS 2. OTG Management using earned-wage access cards to help employees contend with […]
The vast majority (91 per cent) of plan sponsors believe they promote and support a diverse and inclusive workplace, with 44 per cent strongly agreeing with this statement, according to the 2022 Benefits Canada Healthcare Survey. The results were consistent among employers in both the public (89 per cent) and private (92 per cent) sectors, as […]
Amid rising inflation, airport hospitality services provider OTG Management is supporting employees’ financial wellness through an earned-wage access card. Nearly a third (30 per cent) of the organization’s Canadian employees have accessed the benefit, which allows employees to access their pay and manage their finances whenever and however they prefer, says Alan House, OTG’s executive […]
Three-quarters (76 per cent) of benefits plan members agreed the overall culture or environment of their workplace encourages health and wellness, unchanged from 2021 and comparable with previous years, according to the 2022 Benefits Canada Healthcare Survey. The survey found a wellness culture appeared to consistently influence results in other areas, including job satisfaction (91 […]
A fifth (22 per cent) of Canadian benefits plan members report their mental health over the past year was generally poor, more than twice the percentage (11 per cent) who said their overall health was poor, according to the 2022 Benefits Canada Healthcare Survey. The survey, which is celebrating its 25th anniversary this year, found […]
Ontario-based StoneRidge Insurance Brokers Corp. is acquiring employee benefits consultancy MultiCare Group. The acquisition will allow StoneRidge to provide a full range of insurance, risk advisory and benefits services to employer clients, according to a press release. Adam Lewis, president of MultiCare, will join StoneRidge and Scott Studley has been appointed executive vice-president of the company’s […]
Insurance broker Lussier Inc. is acquiring human resources consultancy Matière Grise. The acquisition will allow the Quebec-based broker to expand its employee benefits consulting services, including compensation, occupational health and safety, safety groups, group insurance and pension plans, according to a press release. Read: Telus completes acquisition of LifeWorks “Through its recognized expertise and its […]