Benefits plan design – Benefits Canada.com

38% of plan sponsors planning to update benefits plan design in 2021: survey

lbailey — Wed, 03 Nov 2021 13:00:57 +0000

More than a third (38 per cent) of plan sponsors are planning to update their benefits plan design by the end of this year, on par with those that did so in 2020 (39 per cent), according to a survey by Arthur J. Gallagher Canada Ltd. The survey, which polled more than 500 Canadian plan […]

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Plan sponsors, members embracing virtual health-care services: survey

bwolfe — Thu, 28 Oct 2021 13:00:53 +0000

Roughly two-fifths (41 per cent) of plan sponsors reported offering virtual health-care services through their benefits plan, according to the 2021 Benefits Canada Healthcare Survey. Among these plan sponsors, 33 per cent said they paid extra to add virtual care to their plan, while 67 per cent said it was part of their standard plan at […]

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Survey finds cost of employer benefits in Canada set to rise 7% in 2022

mdunne — Wed, 13 Oct 2021 13:00:40 +0000

Employer-provided medical benefits costs in Canada will rise seven per cent in 2022, according to a new survey by Aon. The annual global medical trend rates survey found the expected increase for Canadian employer-sponsored medical plan costs is due to a combination of higher costs for dental care, paramedical expenses and prescription drugs. It was conducted […]

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Why Rogers continually evolves its benefits program

mdunne — Thu, 15 Apr 2021 13:00:55 +0000

Employees of Rogers Communications Inc. don’t have to look far if they’re searching for new home or car insurance — their employer has multiple discounts available for them. Beyond its traditional benefits package, the company has a website where it “capitalize[s] on the relationships we [hold] as an organization” by providing a range of discounts […]

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Plan sponsors focusing on well-being, virtual health care in year two of pandemic: survey

bwolfe — Mon, 15 Mar 2021 11:00:31 +0000

Canadian employers are increasing their focus on employee well-being as a result of the coronavirus pandemic, according to a new survey from Aon. It found approximately 60 per cent expressed the need to evaluate and improve their mental-health offering, either with new services or by closing coverage or delivery gaps (47 per cent) identified during […]

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To achieve DEI goals, plan sponsors can start by reviewing benefits plans

mschmit — Fri, 05 Feb 2021 05:00:25 +0000

After a turbulent 2020 brought with it the coronavirus pandemic and a global call for social justice, companies prioritizing diversity, equity and inclusion in its wake should start by reviewing their benefits plans to ensure there’s enough flexibility to meet the needs of these times and inclusivity for employees from all backgrounds, says Kim Siddall, […]

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Fertility benefits coverage is limited, outdated in Canada: report

mschmit — Wed, 03 Feb 2021 05:00:59 +0000

Only five per cent of Canadian employers provide coverage for both fertility drugs and related costs such as in-vitro fertilization procedures and testing, according to a new report commissioned by Conceivable Dreams and Fertility Matters Canada. It found more than 85 per cent of benefit plans that covered fertility-related issues had lifetime maximums in place […]

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Plan member’s adoption dream becoming reality thanks to benefits offering

mschmit — Fri, 15 Jan 2021 05:01:05 +0000

Mandy Kwasnica and her husband so desperately wanted to adopt they were ready to sink all of their money (and then some) into making their dream a reality. “Adoption is very, very expensive, but we knew in our hearts that this was the right move we were making,” recalls the manager of mortgage sales support at […]

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Biosimilars, pharmacogenetics helping to shape future of pharmacy benefits management

mschmit — Fri, 15 Jan 2021 05:00:06 +0000

Plan sponsors with growing concerns about benefits plan sustainability should focus on a few strategic pharmacy benefits plan issues, said Mark Rolnick, executive vice-president of pharmacy innovation and patient experience at Green Shield Canada, during a session at Benefits Canada’s Face to Face Drug Plan Management Forum on Dec. 9, 2020. He recommended that plans […]

Specialty drug prior authorization a useful tool for plan sponsors

mschmit — Fri, 15 Jan 2021 04:54:35 +0000

Analysis by Telus Health found specialty drugs have grown from 11 per cent of total private drug plan claims costs in 2008 to 30 per cent in 2019 and require effective management to ensure sustainability of health benefits plans, said Suzanne Lepage, private health plan strategist, during a session at Benefits Canada’s Face to Face […]

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