health-care costs – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Thu, 21 Nov 2024 22:24:05 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 U.S. employers projecting health benefits cost increase of 8% for 2025: survey https://www.benefitscanada.com/benefits/health-benefits/u-s-employers-projecting-health-benefits-cost-increase-of-8-for-2025-survey/ Mon, 26 Aug 2024 13:00:24 +0000 https://www.benefitscanada.com/?p=159445 U.S. employers are projecting health benefits costs to increase by eight per cent for 2025, up from seven per cent in 2023, according to a new survey by the International Foundation of Employee Benefit Plans. It found employers cited several factors in rising costs, including catastrophic claims (20 per cent, up from 19 per cent […]

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]]> Top 5 HR, benefits, pension and investment stories of the week https://www.benefitscanada.com/news/bencan/top-5-hr-benefits-pension-and-investment-stories-of-the-week-86/ Fri, 14 Jun 2024 13:00:22 +0000 https://www.benefitscanada.com/?p=156970 An article detailing a stark increase in the use of obesity medications among Canadian employer-sponsored benefits plan members was the most-read article on BenefitsCanada.com this week. Here are the top five human resources, benefits, pension and investment stories of the past week: 1. Claims for obesity drugs increased 42% in 2023, 92% since 2020: report 2. How […]

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]]> Survey finds U.S. employers are targeting health-care costs, mental health for 2024 https://www.benefitscanada.com/benefits/health-benefits/survey-finds-u-s-employers-are-targeting-health-care-costs-mental-health-for-2024/ Wed, 25 Oct 2023 13:00:55 +0000 https://www.benefitscanada.com/?p=145780 More than two-thirds (69 per cent) of U.S. employers say they’re focused on managing health-care plan costs, following a projected cost increase of 6.4 per cent in 2024, according to a new survey by WTW. The survey, which polled more than 450 U.S. employers, found 63 per cent said they’re focused on enhancing mental-health and […]

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]]> A closer look at how chronic conditions are impacting benefits plans https://www.benefitscanada.com/archives_/benefits-canada-archive/a-closer-look-at-how-chronic-conditions-are-impacting-benefits-plans/ Fri, 13 Oct 2023 12:56:25 +0000 https://www.benefitscanada.com/?p=145031 In 2022, some of the top chronic conditions affecting group benefits plans were diabetes, obesity, depression and arthritis. Diabetes was the No. 1 ranked condition for drug claims in 2022, knocking rheumatoid arthritis down to the No. 2 spot, according to Telus Health’s annual drug plan trends report. And the 2023 Benefits Canada Healthcare Survey […]

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]]> Average cost of employer-sponsored health benefits expected to decline to 5% in 2024: report https://www.benefitscanada.com/benefits/health-benefits/average-cost-of-employer-sponsored-health-benefits-expected-to-decline-to-5-in-2024-report/ Mon, 02 Oct 2023 19:00:07 +0000 https://www.benefitscanada.com/?p=144402 The average cost of employer-sponsored health benefits in Canada is expected to decline to five per cent in 2024, down from 7.5 per cent in 2023, according to a report by Aon. The report, which is based on insights from more than 100 global Aon offices that broker, administer or advise on employer-sponsored medical plans, found […]

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]]> U.S. employer-sponsored health benefits costs expected to rise 7% in 2024: survey https://www.benefitscanada.com/benefits/health-benefits/u-s-employer-sponsored-health-benefits-costs-expected-to-rise-7-in-2024-survey/ Mon, 21 Aug 2023 19:00:21 +0000 https://www.benefitscanada.com/?p=142401 The costs of U.S. employer-sponsored medical benefits are expected to rise seven per cent in 2024, according to a new survey by the International Foundation of Employee Benefit Plans. The survey found 79 per cent of U.S. employers’ benefits plans are self-funded (with or without stop-loss coverage), while 21 per cent are fully insured. The […]

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]]> Employer-sponsored health benefits costs projected to rise 7.5% in 2023: report https://www.benefitscanada.com/benefits/health-benefits/employer-sponsored-health-benefits-costs-projected-to-rise-7-5-in-2023-report/ Fri, 13 Jan 2023 14:00:02 +0000 https://www.benefitscanada.com/?p=132427 The costs of employer-sponsored medical benefits in Canada are expected to rise 7.5 per cent in 2023, according to a new report by Aon. The report analyzed responses from more than 100 Aon offices that broker, administer or advise on employer-sponsored medical plans across the world. Consistent with last year, it found the medical conditions […]

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]]> Survey finds Canadian employees delaying retirement due to rising cost of living https://www.benefitscanada.com/pensions/retirement/survey-finds-canadian-employees-delaying-retirement-due-to-rising-cost-of-living/ Thu, 17 Nov 2022 14:00:00 +0000 https://www.benefitscanada.com/?p=129916 Nearly two-thirds (62 per cent) of Canadian pre-retirees say the rising cost of living is preventing them from retiring when they’d like to, up from 56 per cent in 2021, according to a new survey by Fidelity Canada. The survey, which polled more than 1,900 Canadians aged 45 and older, found 55 per cent said […]

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]]> Employers prioritizing mental, physical health in return-to-workplace plans: survey https://www.benefitscanada.com/benefits/health-wellness/employers-prioritizing-mental-physical-health-in-return-to-workplace-plans-survey/ Mon, 04 Apr 2022 13:00:47 +0000 https://www.benefitscanada.com/?p=118990 As employers prepare to bring employees back to their physical workplaces in 2022, they’re planning to position mental health (91 per cent), physical health (60 per cent) and work-life balance (57 per cent) initiatives as integral components of the transition, according to a new survey by Fidelity Investments Inc. and Business Group on Health. The […]

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