Helping you take car of your whole self thumbnail
Helping You Take Care of Your Whole Self
OMA Insurance
12/11/2020

The pandemic continues to impact the mental health of many Canadians. Physicians have additional pressures from battling COVID-19¹ on the front lines. At OMA Insurance, our goal is to provide a comprehensive benefit program that protects you and your families’ mental, physical, and financial wellness. 

OMA Insurance developed group benefit plans to make it easy and affordable to take care of yourself and your family with three pillars of coverage: medical, disability, and life insurance. Here’s what we’re doing to protect you and get you back on your feet: 

 

Medical Insurance

OMA’s group medical plans protect over 21,000 members, and our mental health benefits are among the country’s best.  

In January 2020, we enhanced our program to provide every plan holder coverage for up to $10,000 for mental health treatment per year. In a nine-month year-over-year comparison, the number of members, their spouses and children using this benefit increased by 36%, and the total amount paid for claims increased by 460%.  

Thanks to your valuable feedback, in January 2021, we are expanding the mental health benefit to include the services of Registered Clinical Counsellors and mental health treatments conducted virtually, providing full panel profile pharmacogenomics testing, and adding semi-private and private room coverage in rehabilitative facilities. These enhancements offer flexibility and will make it easier for more doctors and their families to access the supports they may need. 

 

Disability Insurance

Disability claims related to mental health diagnoses continue to rise, and we anticipate the stress associated with the pandemic will impact members for a long time.  

We asked Sun Life Financial, administrator of the OMA group disability program, to benchmark our claims experience against similar groups. We learned that our plan holders are trending with more psychological claims that start at a younger age.  

The pandemic continues to impact the mental health of many Canadians. Physicians have additional pressures from battling COVID-19¹ on the front lines. At OMA Insurance, our goal is to provide a comprehensive benefit program that protects you and your families’ mental, physical, and financial wellness.

Accessing appropriate care and support sooner rather than later can make a monumental difference. The OMA offers the Physician Health Program, a confidential service for those struggling with substance abuse, stress, burnout, and other mental health concerns that are impacting work and home life. OMA Insurance also encourages you to use the enhanced mental health benefits from your OMA group medical insurance mentioned above to connect with the supports you need when you need it. 

 

Life Insurance

It’s often difficult to think of the purpose of life insurance, but you are your most valuable asset.   

Protecting yourself will ensure that your loved ones continue to live the lifestyle you want for them. OMA Insurance offers several group term life insurance options with New York Life. In addition to our OMA Group plans, members have the option of working with a team of life licensed advisors to understand what additional third-party life insurance products are available to complete their life insurance needs.  

Our mission at OMA Insurance is to listen, educate and provide options that protect our members, their families, and their practices. We want to continue to be your trusted choice for financial wellness. 

 

Contact Us 

If you’d like to learn more about the group benefit plan enhancements or would like to speak to an OMA Insurance Advisor, please email info@omainsurance.com or call 1.800.758.1641.