Diabetes is a key driver of benefit plan costs and can lead to reduced productivity, absenteeism and disability. Although plan sponsors are concerned about the impact of diabetes on their bottom line, they may not fully understand the complexities of diabetes and the implications for plan members.
Left unmanaged, diabetes can lead to significant short- and long-term health complications and may potentially be fatal. One in three Canadians lives with prediabetes or diabetes. There has been more than a 50% increase in diabetes prevalence over the past 10 years, and this figure is expected to continue to rise.
Although type 1 diabetes cannot be prevented or cured, it can be better managed, which can reduce the risk of related complications. Evidence shows that positive interventions may reduce the risk of developing or delay the onset of type 2 diabetes and associated complications.
The workplace can influence an employee’s ability to manage their health. Plan sponsors and insurers play an important role in helping members navigate their health and better manage or prevent diabetes, which can positively impact the bottom line while improving health outcomes.
This guide will help plan sponsors understand the importance of diabetes management and provide practical tips on how to provide a supportive environment for plan members with diabetes or caregivers of people with diabetes.