Few Canadian Employees
realize how much their employers spend on their benefit
plans every year. And half are willing to pay
higher premiums to maintain their current level of
healthcare coverage in the face of rising costs.
Sponsored by the
pharmaceutical company, Hoechst Marion Roussel, The
Canadian Survey on Healthcare examines the way Canadian
workers view and use the benefits they receive from
their employers. The Angus Reid Group, which
conducted the survey in November and December of last
year, interviewed a random sample of 1,508 primary
group insurance plan members who had a medical benefits
portion to their plan.
The cost of benefits
Standard prescription
plans
According to the survey,
almost four in ten respondents were able to offer
no answer at all when asked about how much their own
medical benefits cost their employer each year.
Of those that did provide a response, 15% said the
figure was less than $250, 16% said it was between
$251 and $500, and 15% said it was between $501 and
$1,200. The remaining 14% offered figures greater
than $1,200.
The value of group
insurance benefits
The survey also reinforced
that fact that Canadian employees are happy with their
benefit plans, and that they place a great deal of
value in them. Seventy-three percent of the
respondents said the medical portion of their company’s
benefit plan meets their needs “very well” or “extremely
well.”
More than 80% of
respondents said each of their benefits are important
to them. Drug plans ranked number one, with
68% of respondents rating them as “very important.”
Disability and dental plans were close behind; each
received “very important” ratings from 66% of respondents.
Source: The
Canadian Consumer Survey on Healthcare 1999; Canadians
and their Group Healthcare Benefits, Hoechst Marion
Roussel.