Johnston Group Inc. and the Empire Life Insurance Co. are introducing a benefits program designed for employers with 25 to 200 employees. The product, which includes the essentials of a benefits plan, can be integrated with Payworks Inc.’s payroll services and offers bundled pricing on additional human resources tools. It also includes offerings from Teladoc […]
Canadians who’ve experienced mental-health challenges, or have taken time off for disabilities, are more likely to view a mental-health illness as a disability, according to a new survey by RBC Insurance. Half (51 per cent) of Canadians said they see mental-health issues, such as depression or anxiety, as a disability. That number rose to 59 per cent among those familiar […]
Osler Hoskin and Harcourt LLP is appointing Andrea Boctor as a partner in its pensions and benefits group. Boctor’s practice encompasses all areas of pensions and benefits law, including pension administration, investment structuring and compliance and pension issues that arise in the context of transactions, lending and restructurings. In addition, her practice has a particular […]
Over the past four years, total drug costs adjudicated by HBM+ have risen from about $1.2 billion to $1.5 billion, while the number of claimants has increased from 1.7 million to more than two million. The inaugural drug trends and strategic insights report by the health benefits manager, a division of Green Shield Canada, examined drug […]
U.S. employers are planning to maintain core health benefits but are exploring other changes to preserve jobs and manage expenses, according to new a new survey by Arthur J. Gallagher & Co. The survey, which looked at data from nearly 4,000 employers over several months, found close to half have planned salary freezes for management and executives (43 per cent) and non-management […]
The coronavirus pandemic has altered the landscape of Canadian workplaces. Now, more than ever, communication and compassion are imperative for employees to feel secure and supported by their employers. Before the pandemic arrived in Canada, Hyundai Auto Canada Corp. accelerated its emphasis on mental wellness in January 2020 by tripling its mental-health coverage (from an […]
As the coronavirus pandemic spread across the world, employee health came into sharp relief. Employers took action to provide creative solutions to ensure staff remained healthy, with the quick implementation of virtual programs to allow plan members easy access to health-care professionals through online channels. That same solutions-based attitude of adaptability is useful when considering […]
Claims for medications treating mental-health issues like anxiety and depression reached 97 per cent of 2019’s total claims volume by the end of August 2020, according to new data from Express Scripts Canada. In addition, 2020 has seen a 20 per cent increase in claimants for medications relating to depression compared to 2019. “For the remainder of […]
Canadians received a record $103 billion in benefits from life and health insurers last year, up 60 per cent from a decade earlier, according to the Canadian Life and Health Insurance Association’s annual fact book. The benefits include $53.3 billion in pension annuity payments, $38.1 billion in health benefits for prescription drugs and supplementary health […]
Even before the coronavirus pandemic, technology was blurring the lines between work and home life. An unhealthy attachment to our mobile phones made it easy to get lured back into our work worlds when we were supposed to be on vacation, socializing with family and friends or just enjoying some downtime. During the pandemic, millions […]