{"id":398962,"date":"2020-04-17T10:36:19","date_gmt":"2020-04-17T14:36:19","guid":{"rendered":"https:\/\/www.investmentexecutive.com\/?p=398962"},"modified":"2020-04-17T10:37:05","modified_gmt":"2020-04-17T14:37:05","slug":"canada-life-cuts-group-health-insurance-plan-premiums","status":"publish","type":"post","link":"https:\/\/www.investmentexecutive.com\/news\/industry-news\/canada-life-cuts-group-health-insurance-plan-premiums\/","title":{"rendered":"Canada Life cuts premiums for group health insurance plans"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\">The Canada Life Assurance Co. is cutting group health insurance premiums for its employer-sponsored group benefits plans in a bid to help small- and medium-sized businesses dealing with Covid-19.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The company says that beginning in May it will apply premium reduction adjustments for the month of April, retroactive to April 1.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The credits will be applied to May invoices.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The reductions will be 50% for dental and 20% for vision and extended health care benefits, excluding prescription drugs.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Canada Life says prescription drugs are not included as the services are essential and the number of claims have not dropped.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The insurer says the premium reductions will help more than 26,000 of its business customers.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reductions will help more than 26,000 business customers, insurer says<\/p>\n","protected":false},"author":173895,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1,2318,2312],"tags":[2845,2603],"yst_prominent_words":[6044,59752,33918,17668,14925,14703,12090,9092,8060,6878,5140,2116,11],"acf":[],"_links":{"self":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/398962"}],"collection":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/users\/173895"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/comments?post=398962"}],"version-history":[{"count":4,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/398962\/revisions"}],"predecessor-version":[{"id":398969,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/398962\/revisions\/398969"}],"wp:attachment":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/media?parent=398962"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/categories?post=398962"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/tags?post=398962"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/yst_prominent_words?post=398962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}