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 […]
Navacord Corp. is partnering with Belay Advisory, an Edmonton- and Calgary-based benefits consulting and wealth advisory firm. “We were drawn to Navacord because of their decentralized model that fosters strong entrepreneurial spirit, which has always been a cornerstone of our success at Belay,” said John Goode, a partner at Belay Advisory, in a press release. […]
After leading the way in supporting transgender employees, Accenture is continuing to expand its diversity, equity and inclusion offerings to meet workers’ evolving needs. In 2011, the professional services company was one of the first employers in Canada to support transgender employees through its benefits offerings. “At the time of [the benefit’s] inception, Accenture worked […]
While gender affirmation and fertility benefits coverage still isn’t included in all group benefits plans, around half of Canada’s group benefits providers include gender affirmation coverage (50 per cent) or fertility benefits coverage (59 per cent) in some of their plan offers, according to an exclusive survey by Benefits Canada. The survey, which polled Canada’s […]
As technology advances and plan members’ needs become more diverse, the relationship between benefits plan sponsors and providers is adapting to fit these changes. Sarah Beech, chief executive officer of benefits and consulting at Arthur J. Gallagher & Co., believes the trend of employees wanting more from their employers is the starting point for this […]
A 2023 federal budget proposal to require employers to report dental coverage as part of the national dental-care program will be onerous on plan sponsors and still leaves more questions than answers, says Pam Martin, vice-president and senior consultant at Baynes & White Inc. Since dental benefits are important to an individual’s mental health, the federal government […]
We live in an information ecosystem — especially when talking about obesity — that’s full of misinformation, fads and gimmicks, said Ian Patton, director of advocacy and public engagement at Obesity Canada, during a session at Benefits Canada’s 2023 Chronic Disease at Work conference in early February. In the session, supported by Desjardins Insurance, he noted […]
When it comes to chronic conditions, there’s a difference in understanding and appreciating — “and this difference goes a long way in helping employers navigate their disability claims and accommodations,” said Yvonne Murphy, director of disability claims and group benefits at Sun Life Financial Inc., during a session at Benefits Canada’s 2023 Chronic Disease at Work conference. […]
Ten former National Football League players have filed a class action lawsuit against the organization, claiming their disability claims were denied. In the filing, the plaintiffs said they’re “seeking redress for the wrongful denial of benefits, the denial of statutorily mandated full and fair review of benefits denials, violations of plan terms or governing regulations and […]
The union representing 450 employees at Domtar Corp. in Dryden, Ont. has ratified three collective agreements that include benefits and pension gains. The agreements include several group benefits enhancements, including $100 for vision, a $200 increase for dental and orthodontics, a $10,000 increase in life insurance, $1,000 for eye surgery and improvements in short- and […]