group benefits – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Thu, 21 Nov 2024 20:48:06 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Beneva achieves legacy recognition for industry leadership with award win https://www.benefitscanada.com/benefits/health-benefits/beneva-achieves-legacy-recognition-for-industry-leadership-with-award-win/ Mon, 04 Nov 2024 14:00:35 +0000 https://www.benefitscanada.com/?p=161930 Éric Trudel’s long leadership and oversight tenure across roles in the insurance industry resulted in a win at Benefits Canada’s 2024 Workplace Benefits Awards on Oct. 18. The executive vice-president and leader of group insurance at Beneva Inc. won the Industry Leadership award for his commitment to resourceful solutions for both benefits plan members and […]

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]]> Who are the winners of the 2024 Workplace Benefits Awards? https://www.benefitscanada.com/news/bencan/who-are-the-winners-of-the-2024-workplace-benefits-awards/ Mon, 21 Oct 2024 13:00:07 +0000 https://www.benefitscanada.com/?p=161342 Benefits Canada is thrilled to announce the winners of the 2024 Workplace Benefits Awards. The awards, which were presented at the end of the 2024 Healthy Outcomes Conference in Toronto on Oct. 18, recognized employers that are making a substantial difference in their employees’ financial, mental and physical well-being. This year, Benefits Canada presented awards across […]

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]]> New technologies, industry partnerships stemming the tide of benefits fraud https://www.benefitscanada.com/archives_/benefits-canada-archive/how-are-new-technologies-industry-partnerships-helping-to-prevent-benefits-fraud/ Fri, 11 Oct 2024 12:56:36 +0000 https://www.benefitscanada.com/?p=161061 In 2016, the Toronto Transit Commission sued its insurer for allegedly not having appropriate benefits fraud controls in place to detect unusual trends or patterns. The lawsuit was settled three years later. In the meantime, 10 people, including nine TTC employees, were convicted in relation to the scheme and more than 250 TTC staff resigned […]

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]]> Canadian insurers paid out record $128BN in health, retirement benefits in 2023: CLHIA https://www.benefitscanada.com/news/bencan/canadian-insurers-paid-out-record-128bn-in-health-retirement-benefits-in-2023-clhia/ Thu, 03 Oct 2024 19:00:15 +0000 https://www.benefitscanada.com/?p=160845 Canada’s life and health insurers paid out a record $128 billion in health and retirement benefits last year, up from $114 billion in 2022, according to the Canadian Life and Health Insurance Association’s annual fact book. “The benefits that life and health insurers provide through workplace plans and individual policies contributed significantly to Canadians’ health […]

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]]> 2024 Group Benefits Providers Report: Leveraging AI to streamline benefits https://www.benefitscanada.com/archives_/benefits-canada-archive/2024-group-benefits-providers-report-leveraging-ai-to-streamline-benefits/ Fri, 12 Apr 2024 12:57:54 +0000 https://www.benefitscanada.com/?p=154136 While there are multiple opportunities for the use of artificial intelligence in the employee benefits space — including making the claims process more efficient and personalizing the plan member experience — one of the biggest advantages of the technology is the ability to streamline administrative tasks, allowing employees to focus on more value-added work in […]

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]]> Canadian insurers paid out record $114BN in health, retirement benefits in 2022: CLHIA https://www.benefitscanada.com/news/bencan/canadian-insurers-paid-out-record-114bn-in-health-retirement-benefits-in-2022-clhia/ Fri, 29 Sep 2023 13:00:39 +0000 https://www.benefitscanada.com/?p=144232 Canada’s life and health insurers paid out a record $114 billion in health and retirement benefits last year, up $11 billion since before the coronavirus pandemic and up 60 per cent from a decade ago, according to the Canadian Life and Health Insurance Association’s annual fact book. “During a year when many households faced higher […]

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]]> Navacord, Belay Advisory partnering to expand national presence https://www.benefitscanada.com/news/bencan/navacord-belay-advisory-partnering-to-expand-national-presence/ Fri, 14 Jul 2023 17:36:42 +0000 https://www.benefitscanada.com/?p=141094 Navacord Corp. is partnering with Belay Advisory, an Edmonton- and Calgary-based benefits consulting and wealth advisory firm. “We were drawn to Navacord because of their decentralized model that fosters strong entrepreneurial spirit, which has always been a cornerstone of our success at Belay,” said John Goode, a partner at Belay Advisory, in a press release. […]

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]]> A look at Accenture’s pioneering gender affirmation coverage, DEI evolution https://www.benefitscanada.com/archives_/benefits-canada-archive/a-look-at-accentures-pioneering-gender-affirmation-coverage-dei-evolution/ Fri, 23 Jun 2023 12:56:12 +0000 https://www.benefitscanada.com/?p=140109 After leading the way in supporting transgender employees, Accenture is continuing to expand its diversity, equity and inclusion offerings to meet workers’ evolving needs. In 2011, the professional services company was one of the first employers in Canada to support transgender employees through its benefits offerings. “At the time of [the benefit’s] inception, Accenture worked […]

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]]> Half of Canadian benefits providers include gender affirmation, fertility benefits in some plans: exclusive survey https://www.benefitscanada.com/benefits/health-benefits/half-of-canadian-benefits-providers-include-gender-affirmation-fertility-benefits-in-all-plans-exclusive-survey/ Tue, 18 Apr 2023 13:00:44 +0000 https://www.benefitscanada.com/?p=136669 While gender affirmation and fertility benefits coverage still isn’t included in all group benefits plans, around half of Canada’s group benefits providers include gender affirmation coverage (50 per cent) or fertility benefits coverage (59 per cent) in some of their plan offers, according to an exclusive survey by Benefits Canada. The survey, which polled Canada’s […]

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]]> 2023 Group Benefits Providers Report: Prioritizing partnerships, personalization and prevention https://www.benefitscanada.com/archives_/benefits-canada-archive/2023-group-benefits-providers-report-prioritizing-partnerships-personalization-and-prevention/ Fri, 14 Apr 2023 12:56:19 +0000 https://www.benefitscanada.com/?p=136341 As technology advances and plan members’ needs become more diverse, the relationship between benefits plan sponsors and providers is adapting to fit these changes. Sarah Beech, chief executive officer of benefits and consulting at Arthur J. Gallagher & Co., believes the trend of employees wanting more from their employers is the starting point for this […]

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