In time for Pride Month, Canadian insurance mutual Beneva has announced that it is expanding its group insurance offering by adding coverage for gender-affirming surgery.
The addition of a gender-affirming clause to the group health policy will cover for expenses from sex reassignment surgery that are not covered by the public insurance option. Beneva said that to be eligible, an insured must first be diagnosed with gender dysphoria.
“This new clause reflects Beneva’s fundamental values of equity, diversity and inclusion. We are proud to support plan members who are transitioning,” said Beneva executive vice president of group insurance Eric Trudel. “Since our objective is to provide plan sponsors and members with the best coverage possible, it’s important for us to adapt our offering to meet their needs.”
Also coinciding with Pride Month, Beneva announced that it had made a $50,000 donation to the Centraide of Greater Montreal’s Diversity, Equity, and Inclusion (DEI) Fund. The fund aims to help disenfranchised youth, including those with the LGBTQ2S+ community.
In February, Beneva chose Vitech’s administration solution, V3locity, to serve as its new integrated administration platform. The insurer will use V3locity’s onboarding, policy administration, billing, and digital self-service (for employees, plan sponsors, and advisors) applications.