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 […]
In response to the coronavirus pandemic, more than half of Canadian employers (53 per cent) are enhancing their well-being programs, while 27 per cent are planning to make changes to improve health benefits, according to a new survey by Willis Towers Watson. The survey, which polled nearly 150 Canadian employers with more than 800,000 employees, […]
While the vast majority of Canadians say the coronavirus pandemic is impacting their mental health, just 60 per cent are receiving the treatment or social support they need. “We’ve asked them, what are the barriers? Why aren’t they accessing the resources?” said Sophie Ouellet, vice-president of business development at Sun Life Canada, during a session on […]
The City of Mississauga’s acting senior manager of total rewards talks virtual health care, pension communications and spending time with family. Q. What top challenges do you face in your role? A. I think we can say there are two worlds: pre-coronavirus and post-coronavirus. In the current situation, the top challenge is making sure our […]
The pandemic changed our world and our jobs overnight and stretched compassion, empathy and flexibility to the limit. There has never been a better time to reconsider everything about employee benefits. For me as a benefits consultant, the crisis has highlighted how unprepared the typical benefits plan is to truly support the needs of employees in […]
Most (79 per cent) plan sponsors said they have at least one major concern about their health benefits plan, with this increasing to 89 per cent for employers with 500 or more workers, according to the 2020 Sanofi Canada health-care survey. The top concerns include drug plan sustainability (42 per cent), dental plan sustainability (39 […]
On May 12, Benefits Canada hosted a webinar to discuss the pharmaceutical industry’s efforts during the coronavirus crisis, as well as some key policy issues for Canadian insurers and their potential impact from the private-payer perspective. Since the end of April, 139 coronavirus treatments have been under investigation and Health Canada has approved several clinical trials […]
The Ontario government is giving health-care providers, including dentists, massage therapists, optometrists and psychologists, the green light to gradually reopen their practices. The order from the province’s chief medical officer of health also included chiropractors, physiotherapists, dieticians, naturopaths and acupuncturists. However, it stipulated that the approved health-care providers can only reopen if their regulatory colleges allow them to do so […]
Plan sponsors have seen significant decreases in their extended health and dental claims over the past three months, according to new data by Eckler Ltd. While the consultancy’s analysis of its large self-insured clients found plan sponsors saw an up to five per cent increase in extended health claims between February and March 2020, these […]
Even as provinces prepare to gradually re-open, Canadians are feeling a little skittish about receiving in-person health care before a vaccine for the coronavirus is developed, according to a new survey by Green Shield Canada. The survey, which polled more than 500 benefits plan members, found that while 62 per cent said they’d be open to visiting […]