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Bank Mental Health Benefits

Scotiabank Expands Mental Health Benefit to $10,000 Per Year

— November 11, 2021 — Lifestyle
The societal dialogue around mental health has increased dramatically in recent years and made it more acceptable to talk openly about issues. This shift has prompted Canadian bank Scotiabank to expand its mental health coverage from $3,000 to $10,000 beginning April 1, 2022. In addition to the increased mental health benefits, the bank is also launching live mental health workshops on November 17 to all people leaders in Canada.

"We were concerned as we were seeing an increased uptake in [the] use of mental health benefits and know employees are seeking support from their team and employer when it comes to mental health," said Dominic Cole-Morgan, Senior Vice President, Total Rewards. The increased benefits will go to services like clinical counselors, internet-based cognitive behavioral therapy, psychologists, and more.
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