Latest news in Health benefits

U.S. PBM usage on the rise due to increasing drug costs

U.S. PBM usage on the rise due to increasing drug costs

A U.S. study released by Buck Consultants indicates that the use of third-party pharmacy benefit managers (PBMs) has increased by 10% in the past two…

  • By: Staff
  • June 17, 2011 September 13, 2019
  • 13:17
Don’t underestimate communication efforts

Don’t underestimate communication efforts

The importance of the communication of an employee benefits plan cannot be undervalued. It creates employee awareness of the available benefits, plan restrictions and general…

Employees prefer benefits to cash

Employees prefer benefits to cash

Every Canadian wants a little more money. But what if you were offered more money in lieu of your health benefits plan? According to the…

  • By: Staff
  • June 16, 2011 September 13, 2019
  • 13:52
Three keys to sustainable healthcare

Three keys to sustainable healthcare

How can we preserve and protect the Canadian healthcare system for future generations? The Honourable Deb Matthews, Minister of Health and Long-Term Care with the…

Steps to better benefits plan risk management

Steps to better benefits plan risk management

I was talking to a client recently about the potential implications of a particular biologic drug on their future benefits plan costs. The client listened…

Manulife launches new cost management tool

Manulife Financial has launched Health Management Services, a new service to help plan sponsors manage their benefits costs. The new service offers employers a “unique…

  • By: Staff
  • June 2, 2011 September 13, 2019
  • 12:46
GWL brings drug app to market

GWL brings drug app to market

Great-West Life has introduced a new smart-phone app to help plan members better manage their prescription medications. DrugHub, which is available for the iPhone, iPad…

  • By: Staff
  • June 2, 2011 September 13, 2019
  • 12:45
ELHTs: tax issues employers need to know about

ELHTs: tax issues employers need to know about

A new type of employee benefit trust — the employee life and health trust (ELHT) — was created recently after amendments to the Income Tax…

Video: Campbell’s talks about new health programs

What’s cooking for employees at Campbell Company of Canada? A lot, according to Fanny Karolev, Campbell’s manager of health and wellness, who we caught on…

  • By: Staff
  • June 1, 2011 September 13, 2019
  • 12:43
Non-traditional approaches that get more bang for benefits bucks

Non-traditional approaches that get more bang for benefits bucks

Many of today’s employees work in an environment where companies fight to hire the best. In its February 2010 review of hiring trends, HRinfodesk.com (a…

Generic drug pricing not paying off for private plans

Generic drug pricing not paying off for private plans

A great deal of the potential that has been touted about the impact of lower generic drug prices on the private sector has yet to…

  • May 27, 2011 September 13, 2019
  • 07:44
Attraction and retention in Canada’s oil patch

Attraction and retention in Canada’s oil patch

In 2009, there were almost 58,000 oil patch jobs in Alberta. Analysts say if oil prices continue to rise, there would be about 102,000 jobs…

  • By: Liz Brown
  • May 26, 2011 September 13, 2019
  • 08:32
The healthcare system needs an overhaul

The healthcare system needs an overhaul

Canadians are paying into one of the world’s most expensive healthcare systems but aren’t getting full value for that investment, according to a new report…

U.S. health costs increasing

U.S. health costs increasing

Healthcare costs south of the border are scheduled to further increase in 2012, and that jump will be met by increased deductibles for employees, according…

  • By: Staff
  • May 19, 2011 September 13, 2019
  • 11:14
Plan sponsors not utilizing cost-containment strategies

Plan sponsors not utilizing cost-containment strategies

READER POLL: Do you have mandatory generic drug substitution in your plan? Vote now. Canadian organizations are considering innovative strategies as a means to better…

  • By: Staff
  • May 19, 2011 September 13, 2019
  • 11:09
Less talk, more action: managing drug costs

Less talk, more action: managing drug costs

Ever-increasing prescription drug prices have generated much discussion about how best to control these escalating costs. However, the results of a recent Aon Hewitt Rapid…

  • By: Tim Clarke
  • May 18, 2011 September 13, 2019
  • 13:13
Long-term health spending to triple by 2050: OECD

Long-term health spending to triple by 2050: OECD

Long-term care spending in the Organisation for Economic Co-operation and Development (OECD) countries is set to double, or even triple, by 2050, led by aging…

  • By: Staff
  • May 18, 2011 September 13, 2019
  • 11:25
Sun Life launches Wellness Institute

Sun Life launches Wellness Institute

Sun Life Financial has announced the launch of the new Sun Life Wellness Institute, which will act as a health and wellness knowledge exchange for…

  • By: Staff
  • May 16, 2011 September 13, 2019
  • 12:42
Healthcare costs a concern, but not out of control

Healthcare costs a concern, but not out of control

In any discussion about healthcare in Canada, there are some basic assumptions, health policy analyst Michael Rachlis told a group of members of the International…

Canada not getting bang for healthcare buck

Canada not getting bang for healthcare buck

Canada’s health spending per capita is the fourth-highest of 17 countries assessed in The Conference Board recent study looking at whether or not countries get…

  • By: Staff
  • May 12, 2011 September 13, 2019
  • 13:35
Variety and compromise is the future of benefits

Variety and compromise is the future of benefits

Today’s workforce is made up of four different generations—gen X, gen Y, boomers and traditionalists—but that is only one aspect of workforce diversity. Family units…

More companies must take steps to curb drug plan costs

More companies must take steps to curb drug plan costs

Canadian companies should ask some tough questions and take a closer look at the way their employee drug plans are being managed or risk further…

  • By: Staff
  • May 12, 2011 September 13, 2019
  • 10:42
Desjardins launches new healthcare platform

Desjardins launches new healthcare platform

Desjardins Financial has launched a new healthcare platform. The Health is Cool 360º platform will give eligible group insurance plan members 24/7 access to the…

  • By: Staff
  • May 11, 2011 September 13, 2019
  • 11:44
Best practices make perfect

Best practices make perfect

Why worry about details? You are just being overcautious. That has never happened in the 20 years I have been administering the plan, and I…

Sun Life launching new app

Sun Life launching new app

Sun Life Financial plans to offer a free mobile application for group benefits and group retirement and savings plan members. Submitting benefit claims and saving…