MP Benefits Inc.’s Post

Sun Life says mental health practitioner claims surged nearly 70% percent "According to the insurer, from 2019 to 2022, the number of members making mental health practitioner claims under their group benefits plan surged nearly 70%, with claims volume also seeing sustained growth in 2023. Based on insights from Sun Life’s “Designed for Health” report, which analyzed paramedical and drug claims of over 3 million Canadians, some trends that emerged include a notable increase in mental health practitioner claims among individuals aged 30 to 39." https://ow.ly/Y34E50RuT9y Sometimes getting to “DONE” is as simple as coffee & conversation. How about we have a chat… #groupbenefits #employeebenefits #consulting #leadership #communication #culture #compensation #wellness #employeeengagement #cgib Humans serving Humans

Today is World Mental Health Day and this year’s theme is - ‘It is Time to Prioritise Mental Health in the Workplace’. We are well placed to support our corporate clients in meeting this goal, as all our policies for businesses, with as little as 2 employees only, can incorporate mental health cover. Not only do our plans offer the ability to provide employees with mental health consultations, talking therapies and other effective treatments, we can also provide some inpatient/day patient cover as well. To further bolster Mental Health Support for employees, we can also include a 24/7 Employee Assistance Programme, with different levels of Face to Face counselling that is available to staff for free. Mental health services on the NHS are difficult and slow to access. Providing Private Medical Insurance to your staff enables them to get quick access to Specialists and Treatments to aid their recovery. Did you know that more than 1 in 7 UK adults say their mental health is the worst it’s ever been? Remember, mental health affects us all, and it’s crucial to prioritise prevention, early intervention, and easily accessible care. If you’d like more details or have specific questions, please contact us! [email protected] 07954 402863 #healthinsurance #privatemedical #health #WorldMentalHealthDay

This Mental Health Week and beyond, employers can support employee mental health using digital toolkits, mental-health coaching and by providing adequate coverage, says Marie-Chantal Côtè, senior vice-president of group benefits at Sun Life Financial Inc. Mental-health practitioner claims more than doubled between 2019 and 2023, according to a recent report by Sun Life that examined claims made through benefits plans administered by the insurer. Between 2019 and 2022, the percentage of plan members making mental-health claims grew by almost 70 per cent. It also found mental health was the leading cause of disability claims, accounting for 40 per cent of long-term disability claims by women and 30 per cent of claims made by men. Côtè notes there’s no one-size-fits-all solution when it comes to mental health, so it’s important employers equip themselves with a digital toolkit that can provide resources to support the mental health of their entire workforce. Is your company prepared. Let's have a conversation to find out how we at Group M Bacal can assist you.

1 in 4 individuals avoid mental health services due to cost! Understanding the barriers to mental health care is crucial for making informed decisions in both personal and professional settings. Axios recently published an insightful piece on the rising costs and challenges faced by individuals seeking mental health services. Key takeaways include: - Increasing costs remain a significant hurdle for many. - Insurance coverage gaps often exacerbate accessibility issues. - The impact of these barriers on overall well-being and productivity. It's essential for HR professionals, policymakers, and leaders to prioritize mental health solutions and support systems. Let's work together to bridge these gaps and ensure comprehensive care for all. Read more here: [Axios Article](https://lnkd.in/gAb_cqhK) #MentalHealth #Healthcare #EmployeeWellbeing #HR #Policy #Leadership

Learn how sharing stories in the workplace can make a big difference and why just saying "it's private" might not be enough. The most recent research from Harvard Business Review explores how mental health at work is changing and explains why some employees don't ask for help even though there are many ways to get support. Excellent weekend reading 🔖 #mentalhealth #employeebenefits #insurance #humanresources #hr

During #mentalhealthawarenessmonth and beyond, ERIC will continue to urge the Congress to prioritize policies that ensure Americans have access to mental health services and resources without excess financial burden. Read ERIC’s top 10 Mental Health Solutions for Congress below.

Learn how sharing stories in the workplace can make a big difference and why just saying "it's private" might not be enough. The most recent research from Harvard Business Review explores how mental health at work is changing and explains why some employees don't ask for help even though there are many ways to get support. Excellent weekend reading 🔖 #mentalhealth #employeebenefits #insurance #humanresources #hr

I am of the opinion that we all have our challenges with mental health. We are all different and the world today sometimes is not the easiest to understand. Why the doom and the gloom and concern about getting something right that has been a challenge for a long time? #thinkingdifferently #cfoinsights #ceoinsights #hr #hrbenefits #employee experience #ESOPCG

This is great news! The Biden administration releases Mental Health Parity Final Rule. It is a significant step towards ensuring equitable access to mental health and substance use disorder services. This rule mandates that health plans provide mental health and substance use disorder benefits on par with medical and surgical benefits, eliminating discriminatory practices, such as prior authorization requirements and reimbursement rate inequity. This is crucial for fostering a healthcare system that supports the overall well-being of individuals, recognizing that mental health is as important as physical health. The rule is set to go into effect on January 1, 2025, with some further amendments expected by January 1, 2026.

This is great news! The Biden administration releases Mental Health Parity Final Rule. It is a significant step towards ensuring equitable access to mental health and substance use disorder services. This rule mandates that health plans provide mental health and substance use disorder benefits on par with medical and surgical benefits, eliminating discriminatory practices, such as prior authorization requirements and reimbursement rate inequity. This is crucial for fostering a healthcare system that supports the overall well-being of individuals, recognizing that mental health is as important as physical health. https://lnkd.in/eRVfGAsV