Group insurance Connecting the Dots: Health trends and insights
The Health Report is meant to highlight the trends that are shaping group insurance. In this edition, you’ll learn about the taxing effect of financial pressure on health needs and group benefits plans, from generation to generation.
Workplace health impacts
Depending on where a person is in life, their financial situation will affect their health at work in different ways. Understanding the differences will help you adapt your benefits plan and better support your employees.
Ages 18-30
Young adults
Financial pressure begins early on and quickly influences their behaviour and health-related decisions.
Stressors
- High cost of living
- Job insecurity
- Social comparison and performance anxiety
Trends
- Growing demand for mental health services
- Medication remains the most common type of care
Solutions
- Providing easier access to mental health professionals
- Raising awarenss about the services available (EAPs, virtual healthcare, other assistance)
- Fostering prevention and prompt intervention
Ages 31-50
Mid-life adults
Daily stress sets in and gradually influences habits.
Stressors
- Personal and professional responsibility overlap
- Time pressure
- Financial pressure over time
Trends
- Care often delayed
- More complex health needs
Solutions
- More flexible group benefits plans
- Easier access to care
- Supportive work practices
Ages 51-65
Pre-retirees
Decisions matter more in a context where the time to act is limited.
Stressors
- Retirement planning
- Financial uncertainty
- Rising healthcare costs
Trends
- Higher rate of chronic illness
- Complex treatment harder to manage
Solutions
- Better support for chronic or complex health conditions
- Smoother transition to retirement with adapted coverage
All ages
Critical illness
Impacts concentrated in severity and duration, which makes recovery more complicated.
Stressors
- Sudden income disruption
- Out-of-pocket costs
- Higher caregiving demands
Trends
- Longer road to recovery
- Accrued financial pressure
Solutions
- Adapted financial support
- Recovery support
- Long-term assistance
Previous reports
Consult past reports to better understand health impacts and how group insurance evolves over time.