Latest news in Health benefits

Retirees sue Labatt over health benefits

A group of non-unionized retirees—including some former executives—have filed a lawsuit against Labatt, claiming the company broke a promise to provide almost unlimited health benefits.…

Creating the “best” benefit plans

The June issue of Benefits Canada includes a list of 30 organizations cited as having Canada’s best pension and benefit plans, based on employee feedback.…

Sun Life completes acquisition of Genworth assets

Sun Life has completed the acquisition of Genworth Financial’s U.S. employee benefits group. That follows approval by all required regulatory authorities in the United States…

The People’s Choice

The only way to know something is to ask. And Canadian employees have spoken as to which employers rank among Canada’s 30 Best Pension and…

Dollars & Drugs

The introduction of new drugs and the increase of patient use will most certainly add to the health costs faced by plan sponsors. Canadians owe…

  • By: Cory Cowan
  • June 1, 2007 September 13, 2019
  • 00:00

The Side Effects

Drug legislation in the provinces will change the way plan sponsors and plan members think about cost controls. Recent drug legislation introduced in both Quebec…

A Matter of Time

Plan sponsors will have a break from high-cost trends within their drug plans. The key is to use the time wisely to keep costs down…

Benefits Trends: Boom, Bust or Benefits

Employers are looking to the future but still have to contend with an aging workforce and their benefits needs. Large-type fonts, special website sections and…

Here’s to Their Health

Today’s 30-year-olds value their health benefit plans now—and in the future. A majority of today’s 30-year-olds may live in the moment, but they’re looking to…

National strategy needed for catastrophic drugs

There’s a growing controversy over the coverage of very high cost drugs used to treat cancer and other catastrophic diseases in Canada. Most recently, Cancer…

Manulife launches group critical illness insurance

Manulife has unveiled new group insurance to offer lump-sum benefits to plan members and their families diagnosed with a critical illness. “For employers, offering critical…

Out of reach

With an ageing workforce and the rising costs of healthcare, is the possibility of a prefunded healthcare benefit a viable one? As of March, Bell…

Great-West buying stake in health plan administrator

Great-West Lifeco’s U.S. subsidiary plans to buy a stake in a Montana-based third-party administrator of employee health plans. It will acquire an 80% interest in…

It’s time. We need some muscle…

What has become transparent as a result of The Transparent Drug System for Patients Act (TDSPA)is employers’ immediate need for collective purchasing power in the…

Benefits Trends: Brushing up

Employees rate dental plans quite high on their benefit scale. Employers should take note and look for ways to contain costs. April is National Oral…

A foot in the door

In the competitive group insurance market, third-party administrators are positioning themselves to enhance services for employers and increase their own market share. Consolidation and economies…

Bell cutting post-retirement health benefits

Bell Canada plans to eliminate supplemental health benefits for future retirees over the next decade. Starting in 2012, new retirees over the age of 55…

Rise in healthcare cost trends stabilizing: survey

The increase in healthcare cost trends is stabilizing, according to a survey by ACS/Buck. The rise in the trend has stayed relatively flat for the…

Benefits Trends: Booster shot

The majority of Canadian employers are missing an opportunity when it comes to vaccine coverage policies. There appears to be a lack of strategy or…

Towers Perrin buys ISR

Towers Perrin has acquired Chicago-based ISR, an employee research and consulting firm. “The union of Towers Perrin and ISR will greatly energize our research and…

Dentist to be monitored after misleading billing

An Owen Sound, Ontario dentist’s practice will be monitored for three years after submitting false/misleading billings and claims to insurers seeking reimbursement of about $300,000.…

Sun Life acquiring Genworth’s U.S. group benefits business

Sun Life Financial is buying Genworth Financial’s U.S. group benefits business for US$650 million. The business provides group life, disability, medical stop loss and dental…

Nova Scotia pension changes important, plan sponsor says

Recent changes to solvency requirements for municipal pension plans in Nova Scotia are significant, says Terri Troy, CEO of the Halifax Regional Municipality Pension Plan.…

Juggling act

It’s not surprising for Sylvain Carrier to hear that one of his plan members is in Mexico with her spine bent so severely that the…

Benefits Trends: Cholesterol attack

LIPITOR IS THE TOP-SELLING DRUG IN THE WORLD, ACCORDING to the Canadian Medical Association, with 9.8 million prescriptions last year in Canada. And at a…