Better insurance programs for employees at a more competitive cost to Ontario healthcare providers are some of the most significant benefits of a new insurance partnership between the Ontario Hospital Association (OHA) and Desjardins Financial Security, the OHA announced today.

“Our new agreement with Desjardins Financial Security will ensure that healthcare organizations have access to more competitive group insurance rates, help reduce administrative costs and provide greater value-for-money for taxpayers.” said Hilary Short, president and CEO of the OHA, in a news release.

OHA sponsored group benefit programs were created in 1962 to provide cost-effective insurance services to Ontario’s hospitals and other healthcare providers. In early 2007, the OHA undertook a market study review of these programs. After an extensive review of the marketplace, DFS was selected as the OHA Benefit Plans provider.

“We are honoured by the confidence the OHA put in us by choosing DFS as the carrier for their group benefits,” said Alain Thauvette, senior vp of group and business insurance for DFS. “Our intention is to provide the best service and attention to detail in servicing the needs of the OHA, its members and their employees.”

The OHA Benefit Plans currently provide long term disability, basic and voluntary life, and accidental death and dismemberment coverage for approximately 185 Ontario healthcare employers representing 70,000 employees. Health and dental insurance coverage is also offered under this program.