More than 5,600 Ford of Canada workers have voted in favour of ratifying a three-year collective agreement that includes improvements to the defined contribution and defined benefit pension plans. The agreement “fundamentally transforms pension plans,” said Lana Payne, Unifor national president, in a press release. Under the agreement, the DB plan’s basic monthly benefit rate […]
Three-fifths (60 per cent) of benefits plan sponsors say the costs of their health benefits plan increased in the past three years, according to the 2023 Benefits Canada Healthcare Survey. It found this percentage decreased from 66 per cent when the question was last asked in 2016 and was unchanged from 2015 (60 per cent). […]
An article on the 2023 Benefits Canada Healthcare Survey’s findings on plan members’ appreciation of health benefits was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. 72% of plan members appreciate health benefits more today than before pandemic: survey 2. 54% of benefits plan members currently live […]
Half (51 per cent) of plan members say the coverage levels of at least one of their health benefits limit their ability to seek necessary treatment, jumping to 84 per cent among those with a major injury in the past 12 months, according to the 2023 Benefits Canada Healthcare Survey. It found this percentage increased […]
A third (34 per cent) of benefits plan members say they’ve received health-care services virtually by phone or computer over the past year, down from 41 per cent in 2022 and 43 per cent in 2021, according to the 2023 Benefits Canada Healthcare Survey. It found members recovering from a major injury (68 per cent) were […]
A recent report by the Patented Medicine Prices Review Board shows increased growth for private drug plan costs but promising pharmaceutical innovation, says Joe Farago, executive director of private payers and investment at Innovative Medicines Canada. The report also found the number of new medicines launched in Canada was higher than the median for Organisation for […]
Half (51 per cent) of Canadian benefits plan members say they understand their plan extremely or very well, down from 65 per cent in 2018, according to the 2023 Benefits Canada Healthcare Survey. It found plan members’ top sources for information about their benefits plan were websites (69 per cent), followed at some distance by […]
More than half (54 per cent) of Canadian benefits plan members currently live with at least one diagnosed chronic health condition, according to the 2023 Benefits Canada Healthcare Survey. It found the top current diagnoses were a mental-health condition such as depression or anxiety (18 per cent), high cholesterol (12 per cent), arthritis (12 per […]
More than a quarter (38 per cent) of plan members say they’ve experienced a high level of stress on a typical day over the past three months, up from 27 per cent in 2022 and exceeding the previous high mark recorded in 2021 (35 per cent), according to the 2023 Benefits Canada Healthcare Survey. The […]
Nearly three-quarters (72 per cent) of Canadian benefits plan members say they appreciate their health benefits more today than they did before the coronavirus pandemic, according to the 2023 Benefits Canada Healthcare Survey. It found while this result is generally consistent across all cross tabulations, the biggest variation occurred regionally, with a high of 85 […]