While employers strive to provide the right balance in their total rewards strategies, there’s sometimes a disconnect between what they offer their employees and what staff say they need and want. Employees are asking for more choice and the ability to customize their benefits from both a health and financial perspective. Adding a selection of […]
At 11.59%, the overall average health trend factor will continue in the same range this year as it has for the last four years, says the 2015 Accompass Guide to Health and Dental Trends, which polled nine insurers.
It’s 11:00 p.m. and you’ve survived another day of back-to-back meetings, endless emails, gridlock traffic, making dinner and getting the kids off to bed. Your head hits the pillow as you turn out the light, but your mind is still at the office, assessing the day’s events and speculating what tomorrow might hold in store. This is an all-too-familiar scenario that many of us encounter routinely.
A well-designed group benefits plan can be critical to attracting and retaining the right talent, as well as keeping employees healthy and productive at work. But for small employers, offering a benefits plan is easier said than done.
The future of medicine will be data-driven and focused on creating personalized medicine for each patient based on their individual molecular profile, according to a paper by The Personalized Medicine Initiative and PwC Canada.
The cost of prescription drugs has been rising fast. Driven by novel and improved treatments for illnesses such as hepatitis C and cancer, fewer drugs coming off patent than in prior years and our aging population, drug benefits costs have been increasing for several years.
There’s nothing like a number of employees from different generations to keep employers thinking about their benefits offering. "Now we have five different cohorts in the workforce," said Marilee Mark, vice-president, market development, group benefits, with Sun Life Financial.
According to PwC, by 2017, a new breed of consumer will dominate: the "digital native."
Genetic testing can significantly improve treatment strategies, but it also raises issues for plan sponsors and members
A chronic disease (such as high blood pressure, diabetes) is one that can be modified by behaviour. But behaviour modification isn’t easy. According to Green Shield Canada’s 2013/14 Age Band Study, results from respondents in their 20s through to their 60s showed that the use of drugs for chronic disease was not only prevalent in […]