plan member behaviour – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Fri, 03 May 2024 21:03:19 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 AI tools helping insurers manage plan costs by weeding out instances of benefits fraud https://www.benefitscanada.com/benefits/health-benefits/ai-tools-helping-insurers-manage-plan-costs-by-weeding-out-instances-of-benefits-fraud/ Wed, 06 Sep 2023 13:00:31 +0000 https://www.benefitscanada.com/?p=142721 In 2022, Beneva Inc.’s fraud management department noticed unusual activity under a plan member’s account. The insurer’s artificial intelligence tool, used to analyze millions of benefits claims, flagged that a plan member and the person’s dependant had used up all their maximum coverages within a short period of time. When the plan coverage rolled over […]

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]]> How Rolls Royce Canada is reducing drug plan costs while maintaining benefits offering https://www.benefitscanada.com/archives_/benefits-canada-archive/how-rolls-royce-canada-is-reducing-drug-plan-costs-while-maintaining-benefits-offering/ Fri, 15 Oct 2021 12:58:34 +0000 https://www.benefitscanada.com/?p=109159 As innovative medicines become more widely covered in workplace drug plans, employers are tasked with finding new ways to control costs while ensuring members receive the best value. “Obviously, this is good because such offers provide more treatments for employees and their families that can help get them back to the workplace sooner rather than […]

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]]> DC plan member education increasingly important: report https://www.benefitscanada.com/pensions/cap/dc-plan-member-education-increasingly-important-report/ https://www.benefitscanada.com/pensions/cap/dc-plan-member-education-increasingly-important-report/#respond Wed, 05 Aug 2020 04:38:52 +0000 https://cumulus.benefitscanada.com/uncategorized/dc-plan-member-education-increasingly-important-report/ Defined contribution plan members saw a bounce-back in equity markets in the second quarter of 2020, boosting their gross income replacement ratios from the lows of the first quarter, according to Eckler Ltd.’s latest capital accumulation plan income tracker report. A typical male DC plan member retiring at age 65 at the end of June […]

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