long-term disability – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Mon, 04 Nov 2024 20:00:35 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Sounding Board: How hybrid, remote working arrangements can impact compensation https://www.benefitscanada.com/news/bencan/sounding-board-how-hybrid-remote-working-arrangements-can-impact-compensation/ Thu, 10 Oct 2024 13:00:49 +0000 https://www.benefitscanada.com/?p=161167 Although jobs that involve working remotely have been around for decades in some form or another, the coronavirus pandemic brought them front and centre. There are several issues regarding salary and these working arrangements. The first is whether such jobs should be paid the same as the same job in the office. Generally, hybrid and remote […]

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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 Mental Health Summit: What’s contributing to declining percentage of LTD claims? https://www.benefitscanada.com/events/conference-coverage/2024-mental-health-summit-whats-contributing-to-declining-percentage-of-ltd-claims/ Tue, 16 Jul 2024 11:55:40 +0000 https://www.benefitscanada.com/?p=157926 A decline in the number of long-term disability claims over the past three years may be the result of some employees prioritizing their financial health over physical and mental wellness, said William Lindsay, senior disability management advisor for Desjardins Insurance’s disability management and prevention team, during Benefits Canada’s 2024 Mental Health Summit in June. The […]

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2024 Mental Health Summit: Early intervention, integrated solutions key to managing disability https://www.benefitscanada.com/events/conference-coverage/2024-mental-health-summit-early-intervention-integrated-solutions-key-to-managing-disability/ Tue, 16 Jul 2024 11:54:46 +0000 https://www.benefitscanada.com/?p=157935 Mental health and musculoskeletal problems are currently two of the main drivers of disability claims and it isn’t uncommon for plan members with a mental-health diagnosis to also have a secondary physical condition or vice-versa, said Rebecca Smith, director of group life and disability services at Medavie Blue Cross, during Benefits Canada’s 2024 Mental Health […]

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2024 Vancouver Benefits Summit: The role of rehabilitation consultants in disability management https://www.benefitscanada.com/events/conference-coverage/2024-vancouver-benefits-summit-the-role-of-rehabilitation-consultants-in-disability-management/ Mon, 08 Jul 2024 11:54:40 +0000 https://www.benefitscanada.com/?p=157529 While disability management poses many challenges to plan sponsors, rehabilitation consultants can address many of these hurdles, said Francis Marois, manager of the rehabilitation team at iA Financial Group, during a session at Benefits Canada’s 2024 Vancouver Benefits Summit in May.   Plan sponsors often don’t communicate with an employee on leave to ensure they […]

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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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Claims for obesity drugs increased 42% in 2023, 92% since 2020: report https://www.benefitscanada.com/benefits/health-benefits/claims-for-anti-obesity-drugs-increased-42-in-2023-92-since-2020-report/ Fri, 07 Jun 2024 13:00:23 +0000 https://www.benefitscanada.com/?p=156565 The use of obesity medications among Canadian employer-sponsored benefits plan members has grown substantially, with claims increasing 42 per cent in 2023 and roughly 92 per cent since 2020, according to a new report by Manulife Financial Corp. The report, based on aggregate claims data, found more women are using obesity drugs than men (79 […]

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CAA Club Group’s Workplace Benefits Award win demonstrating commitment to employee well-being https://www.benefitscanada.com/benefits/health-benefits/caa-club-groups-workplace-benefits-award-win-demonstrating-commitment-to-employee-well-being/ Mon, 03 Jun 2024 13:00:55 +0000 https://www.benefitscanada.com/?p=156280 CAA Club Group’s award-winning health and wellness strategy is showing employees, as well as potential candidates, that the organization is focused on supporting the holistic well-being needs of its workforce. Last year, the organization’s extensive employee well-being program led it to win Benefits Canada’s 2023 Workplace Benefits Awards in the Health/wellness program category for employers […]

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Top 5 HR, benefits, pensions and investment stories of the week https://www.benefitscanada.com/news/bencan/top-5-hr-benefits-pensions-and-investment-stories-of-the-week/ Fri, 09 Feb 2024 14:00:22 +0000 https://www.benefitscanada.com/?p=151793 An article on the Ontario Court of Appeal’s affirmation of a $1.5 million punitive damages award was the most-read article on BenefitsCanada.com this week. Here are the top five human resources, benefits, pensions and investment articles of the past week: 1. Court of Appeal upholds $1.5 million punitive damages award in LTD claims case 2. N.B. transferring 5 public […]

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How 5 employers are broadening the scope of mental-health support https://www.benefitscanada.com/archives_/benefits-canada-archive/how-5-employers-are-broadening-the-scope-of-mental-health-support/ Fri, 09 Feb 2024 13:59:16 +0000 https://www.benefitscanada.com/?p=151496 Nearly four years after a global health crisis sparked an enduring spotlight on Canadians’ mental health, employees are increasingly making use of their workplace benefits while employers continue to push the boundaries in the programs and support they offer. Two-thirds (67 per cent) of Canadian benefits plan members used their mental-health benefits in the last […]

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