health insurance – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Mon, 15 Jul 2024 20:34:28 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 U.S. workplace supplemental health product sales increase 3% to $1.3BN in Q1 2024: report https://www.benefitscanada.com/benefits/health-benefits/u-s-workplace-supplemental-health-product-sales-increase-3-to-1-3bn-in-q1-2024-report/ Tue, 02 Jul 2024 13:00:57 +0000 https://www.benefitscanada.com/?p=157620 Sales of U.S. workplace supplemental health products totalled nearly US$1.3 billion in new annualized premiums in the first quarter of 2024 ― a three per cent increase year over year, according to a new report by LIMRA. It found major product lines of accident, critical illness and hospital indemnity insurance combined grew four per cent from […]

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]]> CLHIA releases critical illness insurance guide to provide clarity, highlight benefits https://www.benefitscanada.com/benefits/health-benefits/clhia-releases-critical-illness-insurance-guide-to-provide-clarity-highlight-benefits/ Fri, 15 Mar 2024 13:00:57 +0000 https://www.benefitscanada.com/?p=153151 The Canadian Life and Health Insurance Association has released a critical illness insurance guide to help Canadians better understand the benefits of critical illness insurance and how it works. Critical illness insurance is less well known than other types of insurance, so the guide helps to fill in the blanks for Canadians who may have […]

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]]> Hub International acquiring Oakville, Ont.-based Mitchell Sandham https://www.benefitscanada.com/news/bencan/hub-international-acquiring-oakville-ont-based-mitchell-sandham/ Tue, 27 Feb 2024 20:00:50 +0000 https://www.benefitscanada.com/?p=152456 Hub International Ltd. is acquiring Oakville, Ont.-based Mitchell Sandham Inc., an independently owned insurance brokerage company that provides commercial and personal insurance and employee benefits services. The merger will provide Mitchell Sandham’s clients with enhanced resources and expertise, including a broader geographical reach across Canada and the U.S., said Mitchell Sandham’s chief executive officer, Aaron […]

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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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]]> 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-50/ Fri, 01 Sep 2023 13:00:15 +0000 https://www.benefitscanada.com/?p=142854 An article on the Ontario Court of Appeal upholding its decision in the Brewers Retail Inc. pension case was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Court of Appeal upholds decision in Brewers Retail pension case 2. Are insurers updating their benefits policies to include […]

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]]> Are insurers updating their benefits policies to include the evolving role of NPs? https://www.benefitscanada.com/benefits/health-benefits/are-insurers-updating-their-benefits-policies-to-include-the-evolving-role-of-nps/ Fri, 25 Aug 2023 13:00:11 +0000 https://www.benefitscanada.com/?p=142386 Last year, a benefits plan member in British Columbia was shocked when his insurance provider rejected an orthotics claim because the prescriber was a nurse practitioner rather than a “physician.” In the story, reported by the Victoria, B.C.-based Times Colonist, the chief executive officer of Nurses and Nurse Practitioners of B.C. said it wasn’t the […]

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]]> More U.S. employers offering fertility benefits, but care still out of reach for many workers https://www.benefitscanada.com/benefits/health-benefits/more-u-s-employers-offering-fertility-benefits-but-care-still-out-of-reach-for-many-workers/ Wed, 17 May 2023 19:00:11 +0000 https://www.benefitscanada.com/?p=138420 Jessica Tincopa may leave the photography business she spent 14 years building for one reason — to find coverage for fertility treatment. After six miscarriages, Tincopa and her husband started saving for in vitro fertilization, which can cost more than US$20,000. But the coronavirus pandemic wiped out their savings and they can’t find coverage for IVF in their state’s health insurance marketplace. So the California couple is saving again and […]

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]]> Just 61% of U.S. workers satisfied with their employer-sponsored benefits: survey https://www.benefitscanada.com/benefits/health-benefits/just-61-of-u-s-workers-satisfied-with-their-employer-sponsored-benefits-survey/ Fri, 24 Mar 2023 13:00:12 +0000 https://www.benefitscanada.com/?p=135558 Although a majority (83 per cent) of U.S. employers say their employees are satisfied with their current benefits offerings, fewer than two-thirds (61 per cent) of workers agree, according to a new survey by MetLife Inc. The survey, which polled more than 2,800 employers and more than 2,800 full-time employees, found the No. 1 reason […]

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]]> Rethinking risk management and the future of private drug insurance https://www.benefitscanada.com/events/conference-coverage/rethinking-risk-management-and-the-future-of-private-drug-insurance/ Mon, 23 Jan 2023 12:59:49 +0000 https://www.benefitscanada.com/?p=132520 With cost of private drug plan claims rising about 5.5 per cent each year, pooling is one solution that could be beneficial for benefits plan sponsors. “Theoretically, if these claims could be shared across a broader group, such as the complete private insurance industry, plan costs could be less volatile for individual plan sponsors,” said […]

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]]> Acera Insurance merging with Calgary-based Fairfield Watson https://www.benefitscanada.com/news/bencan/acera-insurance-merging-with-calgary-based-fairfield-watson/ Wed, 18 Jan 2023 20:00:25 +0000 https://www.benefitscanada.com/?p=132773 Acera Insurance is merging with Fairfield Watson Inc., a Calgary-based consulting firm specializing in employee benefits, insurance and retirement. The new company will retain the Acera name with Tony Fairfield, founding partner of Fairfield Watson, serving as president of group benefits. The merger will strengthen Acera’s ability to provide insurance, group benefits and risk mitigation solutions across Canada, […]

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