Connex Health

Blog #6 – We’re Aging…. And Other Things

Blog #6 – We’re Aging…. And Other Things

On January 29, 2020, Posted by , In Blog, With No Comments

The Benefits Breakfast Club

The Changing Risk Landscape: Influencing the Pharmacare Agenda
Sandman Hotel, Oakville

Register now to take advantage of our early bird rate. Members save more.



  • Joan Weir, Director, Health and Disability Policy, CLHIA
  • Warren Xu, Payer Solutions Strategist, GlaxoSmithKline
  • Andrew Fitzpatrick, Assistant Vice-President, Government Relations and Public Policy, Canada Life
  • Sandra Ventin, Associate Vice-President, Gallagher (was Accompass)

Explore the road to pharmacare, including the most likely models, how to prepare and how to action to influence outcomes.

We’re Aging

Anyone remember Boom, Bust and Echo by David K. Foot circa 1996 with an updated 2000 edition? There was a lot of good stuff in those books and I expect there will be new insights in John Ibbitson’s book Empty Planet: The Shock of Global Population Decline.


In Ibbitson’s Globe & Mail article of January 26, 2020 Older, longer: The super-aging of Canadians has taken everyone by surprise I am reminded just how important it is to understand and be mindful of demographics. Ibbitson delivers a big reality check on the economic and healthcare burden of aging and retirement in Canada.


Uncomfortable truths

  • Our society is rapidly aging, with a median age of 41 now versus 30 in 1982
  • We’re heading into the thick of it
    • The oldest boomers turn 75 next year, the youngest will be 65 in 2031
    • Those age 65 now will likely live 20 years or so, versus 4 years in the 1950s
  • Canadians are having less children, 1.5 on average today
  • In 1950 – 30% were under 14 and 7% over 65, by 2060 it will reversed
  • Median retirement savings for those with no workplace pension is $3,000. That’s it!

What this means

  • The tax base is shrinking
  • There won’t be enough family members, usually women, for unpaid elder care
  • Public healthcare and caregiver services will need to expand, which is costly
  • Canada will need to increasingly rely on immigration, particularly of younger people

What to do

Ibbitson suggests reinforcing the importance of retirement savings to employees as well as introducing insurance for long term care and home care. It is clearly time to have a serious discussion about these issues with your clients.

  • Start group RRSP plans
  • Look at the demographics of employees in the plan now and tailor benefits accordingly
  • Lobby insurance carriers to improve products for an aging population, including pre and post retirement long-term care, nursing, home care and specialized vision care services

This is a wake up call to all of us about the importance of understanding influences and trends in our industry and pushing for new solutions.


For more opportunities to earn CE credits and learn about trends in our industry see upcoming events below – in person and online.


The Benefits Breakfast Club

The Changing Face of Chronic Disease and Management in the Workplace: Obesity & Diabetes – Prevention, Treatment and Management

BPHA at Lunch 

Benefits Fraud: Prevention, Detection and Action
The Benefits Contract: How to Read, Interpret and Negotiate
Sandman Hotel, Oakville

The Benefits Breakfast Club

The Impact and Management of Pain in the Workplace: Cannabis and the Opioid Crisis
Cambridge Hotel and Conference Centre


Benefits & Private Healthcare Associate Program

Earn 35 CE credits and learn.

Several of the 33 modules for the BPHA are going through updates in Q1 2020. The remaining modules are still available to take online. You can find out more about the program here.


Connex Canadian Benefits Network – open membership February 2020

We’re updating the CCBN with new content. During the month of February you will have free access to our member zone to see what the CCBN has to offer.

  • Registration discounts
  • Regular blog
  • Resource library
  • Ask the Expert

Join the CCBN now and save on all BBC and BPHA registrations.


Thank you to all of our sponsors for the BBC and BPHA!


Your questions or comments are welcome. Contact me at or call 905 220 4260. Have a great week!



Denise Balch, Principal Consultant and President, Connex Health

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