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Member, Beacon International Group, Ltd.
More than half of Canadian employers currently offer or plan to offer flexible benefit plans in the next two years, according to a new Hewitt Associates survey.
In a survey of nearly 200 Canadian employers, Hewitt found that 52% currently offer or plan to offer flex plans in the next two years, while another 33% anticipate offering them in the future.
The most popular benefit options that companies offer through flex plans continue to be medical (83.5%) and dental benefits (85.6%). Eight-five percent of Canadian employers also provide health-spending accounts in which employees can receive tax-free reimbursement for health care expenses.
An increasing number of Canadian companies are offering flexible benefit options to retirees36%, more than double the number of employers offering such options three years ago, according to the study.
Of those employers offering flex plans, 80.8% said the plans are meeting expectations in addressing employee needs, while 19.2% said the plans exceeded expectations.