February 1, 2022
Increase premiums or reduce coverage?
As group insurance premiums continue to rise, many employers are hesitating between increasing the employee share or reducing the scope of their plan coverage.
Sanofi Canada' s latest survey reveals a clear trend. When asked if they would prefer to increase their group insurance premium or reduce benefits, employees are increasingly likely to want to reduce their coverage.
Between 2009 and 2020, the proportion of employees willing to take on an increased contribution to their group insurance plan fell from 43% to 29%. How to interpret these results?
One thing is certain: the ability of employees to contribute to the group insurance plan premium is saturated. Employers now need to be creative in order to offer suitable benefits at a reasonable price.
Fortunately, Tedy offers solutions tailored to your employees' needs, while keeping costs to a minimum. Why not try Tedy for free today?
