employer-provided benefits plan – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Fri, 03 May 2024 21:03:19 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 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-81/ Fri, 03 May 2024 13:00:52 +0000 https://www.benefitscanada.com/?p=155136 A story on how private payers are implementing preferred pharmacy networks to reduce benefits plan costs was the most-read story on BenefitsCanada.com this week. Here are the top five human resources, benefits, pension and investment stories of the past week: 1. More private payers seeking to reduce costs turning to preferred pharmacy networks: expert 2. Chipotle expanding […]

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40% of U.S. workers with employer-provided health benefits delayed care due to costs: survey https://www.benefitscanada.com/benefits/health-benefits/40-of-u-s-workers-with-employer-provided-health-benefits-delayed-care-due-to-costs-survey/ Tue, 30 Apr 2024 19:00:36 +0000 https://www.benefitscanada.com/?p=155031 Two-fifths (40 per cent) of U.S. workers with employer-provided health benefits reported delaying care due to cost, which negatively impacted their mental health, workplace culture and productivity, according to a new survey by research group Nonfiction on behalf of health-care provider Paytient. The survey, which polled more than 1,500 U.S. workers with health insurance through […]

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What’s the ROI of employee well-being support tools? https://www.benefitscanada.com/benefits/health-benefits/whats-the-roi-of-employee-well-being-support-tools/ Wed, 03 Apr 2024 13:00:37 +0000 https://www.benefitscanada.com/?p=153767 Four years after the coronavirus pandemic fuelled increased usage of employee well-being interventions, some employers are questioning whether these support tools are actually beneficial to workers. A recent study by Oxford University’s Wellbeing Research Center found little evidence that these interventions actually provide any benefits to workers. Indeed, the study found there was a “small […]

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Liberals table bill paving way for future pharmacare program a day before deadline https://www.benefitscanada.com/news/bencan/liberals-table-bill-paving-way-for-future-pharmacare-program-a-day-before-deadline/ Thu, 29 Feb 2024 20:00:25 +0000 https://www.benefitscanada.com/?p=152559 Health Minister Mark Holland tabled a long-awaited bill Thursday meant to pave the way for national pharmacare and preserve a deal that secures the New Democratic Party’s support for the government in the House of Commons. The bill includes a program to cover birth control as well as diabetes drugs and supplies for anyone with […]

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Competition minister raises concerns over Manulife, Loblaw pharmacy deal https://www.benefitscanada.com/benefits/health-benefits/competition-minister-raises-concerns-over-manulife-loblaw-pharmacy-deal/ Fri, 02 Feb 2024 20:00:47 +0000 https://www.benefitscanada.com/?p=151545 The federal minister in charge of promoting competition says he’s concerned about a deal between Manulife Financial Corp. and Loblaw Cos. Ltd. that restricts patients from filling prescriptions for specialty drugs at other pharmacies under their insurance plans. Industry Minister François-Philippe Champagne said Wednesday the government is reviewing the arrangement, which affects around 260 medications […]

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Manulife, Loblaw deal to deliver specialty drugs sparks access, competition concerns https://www.benefitscanada.com/benefits/health-benefits/manulife-loblaw-deal-to-deliver-specialty-drugs-sparks-access-competition-concerns/ Wed, 31 Jan 2024 14:00:44 +0000 https://www.benefitscanada.com/?p=151370 Some pharmacare policy experts are raising concerns about competition and patient access to much-needed medication after Manulife Financial Corp. announced its coverage of certain prescription drugs will only apply at Loblaw Cos. Ltd. pharmacies. The new arrangement, details of which were shared with plan holders earlier this month, affects around 260 medications under the insurance […]

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Sounding Board: Employee feedback, research key to developing and enhancing benefits programs https://www.benefitscanada.com/benefits/health-benefits/sounding-board-employee-feedback-research-key-to-developing-and-enhancing-benefits-programs/ Wed, 03 Jan 2024 14:00:37 +0000 https://www.benefitscanada.com/?p=149578 Any employer focused on attracting and retaining great people understands the importance of providing a competitive benefits program that supports employees through all stages of their health and well-being. The Healthcare of Ontario Pension Plan’s annual Canadian employer pension survey found a growing number of businesses are opting to improve benefits as a means to […]

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U.S. employers’ health benefits costs projected to increase 8.5% in 2024: survey https://www.benefitscanada.com/benefits/health-benefits/u-s-employers-health-benefits-costs-projected-to-increase-8-5-in-2024-survey/ Thu, 31 Aug 2023 13:00:51 +0000 https://www.benefitscanada.com/?p=142751 U.S. employers are expecting health benefits costs to increase by an average of 8.5 per cent to more than $15,000 per employee in 2024, according to a new survey by Aon. The survey, which polled 800 U.S. employers, found the projected increase is nearly double the budgeted amount that employers experienced from 2022 to 2023 (4.5 per cent). […]

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Survey finds 74% of U.S. employers offering hybrid work arrangements https://www.benefitscanada.com/benefits/health-wellness/74-of-u-s-employers-offering-hybrid-work-arrangements-survey/ Tue, 20 Dec 2022 14:00:26 +0000 https://www.benefitscanada.com/?p=131649 Nearly three-quarters (74 per cent) of U.S. employers say they offer hybrid work arrangements, according to a new survey by the International Foundation of Employee Benefit Plans. The survey, which polled more than 500 employers, found 55 per cent said they offer fully remote working arrangements while 57 per cent offer flexible work hours. In […]

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48% of U.S. workers say inflation is making it difficult to pay for benefits: survey https://www.benefitscanada.com/benefits/health-benefits/48-of-u-s-workers-say-inflation-is-making-it-difficult-to-pay-for-benefits-survey/ Thu, 01 Sep 2022 13:00:41 +0000 https://www.benefitscanada.com/?p=126209 Nearly half (48 per cent) of U.S. workers say inflation is making it difficult for them to pay for their employee benefits, according to a survey by the Hartford Financial Services Group Inc. The survey, which polled 900 employees, found although more than a third (39 per cent) said their overall health has improved thanks to […]

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