Recently, we looked at our client renewals from 2019, to question cost escalations based on Insurer trend factor surveys. These surveys suggested that benefit cost increases for health/dental were 8%-10% per annum. This number was the sticker price/MSRP, not the real rate of change. In 2019, we showed a +0.8% annual increase across all benefit [...]
Great article by Cassandra Williamson-Hopp on the moves taken by Ontario Power Generation in the area of virtual care. Providing leading edge benefits for their insured members and dependents is clearly a priority and we to see the uptake of these services as a landscape changer. For our part, we are recommending free services like [...]
Cassandra Williamson-Hopp | May 15, 2020 - Benefits Canada Quotes from Chris Pryce - Human Capital Benefits In the midst of the coronavirus crisis, virtual health care is taking center stage. But Ontario Power Generation was ahead of the curve, introducing a pilot project in 2019 to help employees with high mental-health incidences and absenteeism [...]
Yesterday, Sun Life was the first Insurer to announce that because of plan members inability to access Dental claims given COVID-19 mandated shutdowns of dental practices (and a subsequent move to emergency only services) that they were refunding their (non-refund/non self-funded) dental plans with a 50% premium credit retroactive to April. This billing premium credit [...]
Rayaz Khan | April 14, 2020 | Benefits Canada The COVID-19 pandemic has created many complicated issues for employers. Prudent employers should ensure they’re aware of the resources that may be available during this uncertain time when information regarding government support is rapidly changing. Canada Emergency Wage Subsidy On March 30, the federal government announced [...]
