Navigating the care path for health-care issues can be overwhelming and confusing — so much so, it can act as a deterrent to people seeking help. In terms of mental-health support, the Bank of Montreal launched a digital navigation guide in May to point staff in the right direction. The tool, which is available to […]
Canadian plan sponsors and insurers are revisiting how they classify obesity drugs under their benefits plans, amid plan members’ rising demand for Ozempic as a weight-loss treatment. Ozempic, also known under the generic name semaglutide, is a drug used to treat type 2 diabetes. However, the medication has also been credited as a weight-loss treatment, […]
Canadian employers are investing in innovative financial, physical and mental-health benefits to drive their attraction and retention efforts, according to a new survey by Mercer. The survey, which polled more than 300 employers, found 59 per cent said they’ve invested in employee discount programs, followed by budgeting and other financial wellness education and supports (51 […]
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 […]
The annual Benefits & Pension Summit, which was hosted virtually on June 1, is the only Benefits Canada event that brings together health benefits and capital accumulation plans in one event. This year, delegates heard the results of Benefits Canada‘s exclusive CAP Member Survey with a panel of experts discussing the findings, case studies from two leading […]
Toyota Motor Manufacturing Canada Inc. is providing employees and their dependants with $10,000 in lifetime gender affirmation coverage. The additional coverage complements existing benefits that support transitioning employees, including prescription drug coverage for hormone therapy, mental-health coverage, disability insurance and medical leaves for employees who are recovering from surgeries. The new coverage is also extended to […]
More than half (57 per cent) of employees say they’re seriously considering quitting their current jobs for one that’s more supportive, while nearly seven out of 10 executives are thinking about taking this leap, according to a survey by Deloitte. The survey, which polled more than 1,000 C-suite leaders and more than 1,000 employees, found […]
It has been called “the change.” Menopause. That time, occurring roughly between the ages of 45 and 55, when a female’s reproductive life ends and any number of incapacitating symptoms appear. These symptoms — from hot flashes to memory issues to muscle and joint pain — can impact physical health, mental health and, inevitably, performance […]
Sixty per cent of Canadian employees say they’d consider leaving their jobs for a role that offers more inclusive benefits, according to a new survey by Medavie Blue Cross. The survey, which polled 1,000 employees and 500 employers in Ontario, Quebec and Atlantic Canada, also found employees want to work for an organization that supports […]
Just half (50 per cent) of employees say they’re able to completely disconnect from work while on vacation, according to a new survey by the Harris Poll and Ceridian HCM Inc. The survey, which polled more than 600 employees — including more than 300 who work remotely in some capacity — found 45 per cent said they […]