Financial stress and mental health | Thoughts from our expert

The 27th annual Benefits Canada Healthcare Survey¹ illustrates the key role group insurance plans play in organizations.

In this second of a three-part series, our expert Eveline Keable discusses the importance of financial health in the management of mental health issues.

By:

Our expert

In their detailed annual survey, Benefits Canada included questions for the first time about plan members:

• Social health
• Workplace health
• Financial health
• Work-life balance

The survey paints a sweeping portrait of how these factors affect overall health, allowing us to draw key conclusions about financial and mental health.

One finding that caught our attention is the increase in daily stress levels compared to the 2023 survey. Stress levels have risen to 57% among people with poor mental health and 52% among people with poor financial health. In this article, we focus primarily on the relationship between financial stress and mental health.

In this new article, available on our thought leadership space Insights, we focus primarily on the relationship between financial stress and mental health.

We take stock of:

• The growing financial pressure on plan members
• The importance of financial stress management for plan sponsors
• The impact of financial stress on mental health
• The role of plan sponsors
• The solutions we can offer

For our complete analysis, read the article:

Financial stress and mental health | Thoughts from our expert

Stay tuned!

Watch for our third article on the 2024 Benefits Canada Healthcare Survey in the next edition of iAtoday.