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Key findings1:
- Canadians (18-34) on long-term disability for mental illness
have increased 22% since 2019
- Canadians (18-34) submitting claims for mental health
reasons has increased 27% since 2021
- Canadians under the age of 44, made up 19% of workers who
submitted diabetes claims in 2022, up from 13% in 2019
TORONTO, Nov. 17,
2022 /CNW/ - New health insights from Manulife show
younger Canadian workers are going on sick leave for mental health
issues more frequently, and growing numbers are seeking treatment
for diabetes.
"We're seeing concerning trends among young Canadians,
particularly in cases of mental illness and diabetes," says
Ashesh Desai, Head of Group Benefits
for Manulife Canada. "To help employers, we're giving them new
insights into their benefit plans, so they have better data to
design their future employee health programs. Companies can use
these insights to ensure their benefits are structured adequately
to support employees' increasing needs. Equally important, we're
very focused on deploying digital experiences that help our
customers leverage their benefit plans, and get the right care, at
the right time."
According to Manulife Group Benefits claims data, the number of
Canadian employees between ages 18 and 34 going on long-term
disability for mental illness has increased by 22% since 2019.
Overall, the number of workers in this age group submitting claims
for mental health reasons, including therapy, medication, and
disability, is up 27% in just the past year.
___________________________
1Manulife Group Benefits Aggregate Data
|
Manulife's health insights also show more employees under the
age of 44 are seeking treatment for diabetes than in the past.
Those under the age of 44 made up 19% of workers who submitted
claims for diabetes in 2022, up from 13% in 2019.
Manulife provides Health Insight
reports to help employers tailor benefit plans
As one of the largest and longest-serving providers of Group
Benefits in Canada, Manulife has
powerful insights from millions of claims transactions each
year, to help organizations identify, track, and manage the
growth of health issues facing Canadians and their
families.
Providing health insight information on an aggregate basis
allows Manulife's experts to help employers tailor their benefit
and wellness programs to the specific needs of their employees.
"Employers play a significant role in the wellness of their
workforces and it's more important than ever they be aware of
emerging health trends," says Michael Lanteigne, VP Life & Disability,
Manulife Group Benefits. "We've developed an innovative program
that gives employers insights into key health trends, so they can
deliver the right wellness support, at the right time, in the right
way."
The program is currently available to select Manulife Group
Benefits clients and will be rolled out to other large companies in
2023.
"It's time to take the guesswork out of workforce wellness
and to deliver employee health solutions—by design," says
Desai. "The benefits industry needs to innovate alongside
employers, and with other partners in the healthcare space to find
new ways to help make workforces healthier."
About Manulife
Manulife Financial Corporation is a leading international
financial services provider that helps people make their decisions
easier and lives better. With our global headquarters in
Toronto, Canada, we provide
financial advice and insurance, operating as Manulife across
Canada, Asia, and Europe, and primarily as John Hancock in the
United States. Through Manulife Investment Management, the
global brand for our global wealth and asset management segment, we
serve individuals, institutions, and retirement plan members
worldwide. At the end of 2021, we had more than 38,000 employees,
over 119,000 agents, and thousands of distribution partners,
serving over 33 million customers. Our principal operations are in
Asia and Canada, and the
United States, where we have served customers for more than
160 years. We trade as 'MFC' on the Toronto, New
York, and the Philippine stock exchanges and under '945' in
Hong Kong. In the previous 12
months we made CAD$32.7 billion in
payments to our customers.
Not all offerings are available in all jurisdictions. For
additional information, please visit Manulife.ca
SOURCE Manulife Financial Corporation