Not your daddy’s benefit package

By David Brown
|Canadian HR Reporter|Last Updated: 09/04/2003

Two pressing issues have moved front and centre for benefit plan managers — rising costs and the need for greater flexibility. As a result, more employers are considering revamping benefit plans, and when they do, they should think about introducing a health spending account.

“As we’re seeing a greater shortage of workers, employers are dusting off their benefit plans,” says Cindy Arcand, a benefits instructor and senior negotiator in employee relations with the City of Edmonton. And more employers are looking at health spending accounts as the solution for cost-containment challenges, she says. The accounts also give employees more say in how their benefit dollars are spent.

Rising costs