New OHA-Desjardins Financial Security insurance plan provides value-for-money for taxpayers

    TORONTO, June 27 /CNW/ - 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.
    "Ontario's hospitals are national leaders when it comes to efficiency and
using the taxpayer's resources wisely," said Hilary Short, President and CEO
of the OHA. "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."
    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, Desjardins Financial
Security 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 Vice
President of Group and Business Insurance for Desjardins Financial Security.
"Our intention is to provide the best service and attention to detail in
servicing the needs of the OHA, its members and their employees."
    "With such a large workforce in Ontario hospitals and across the
healthcare system, we have a responsibility to help ensure that insurance
spending is as cost-effective as possible," said Short. "There is a great
financial advantage for hospitals in participating in this province-wide group
benefits program."
    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.

    About the OHA:

    Representing Ontario's 158 public hospitals, the Ontario Hospital
Association (OHA) advocates on behalf of its Members for an innovative,
sustainable health system that provides world-class patient care. For more
information about the OHA, please visit

    About Desjardins Financial Security

    Desjardins Financial Security, a subsidiary of Desjardins Group, the
largest integrated cooperative financial group in Canada, specializes in
individual and group life and health insurance, as well as retirement savings
products and services. Every day, over 5 million Canadians rely on Desjardins
Financial Security to ensure their financial security. Desjardins Financial
Security employs more than 3,700 people and administers over $22.0 billion in
assets from offices in several cities across the country including Vancouver,
Calgary, Winnipeg, Toronto, Ottawa, Montreal, Quebec City, Levis, Halifax and

For further information:

For further information: OHA Public Affairs, (416) 205-1433; Shannon
Bowness, Desjardins Financial Security, (416) 926-2700 x. 2015,

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