April 08, 2015
According to a recent survey conducted by Green Shield Canada, the offerings of Canadian workplace benefits plans don’t always reflect Canada’s predominant health challenges. The study collected data from prescription drugs, eyewear, and paramedical services and compared it in relation with how benefits programs were being used and the dollars spent dollars spent did not align.
Major employer concerns highlighted by the study:
March 31, 2015
Prescription drugs have always been and will continue to be a cost driver to all benefit plans. Last week at the TELUS Health’s Annual Conference held in Toronto, speakers identified three key drug trends that they think everybody should know about.
Drug Costs Are On the Rise
“We’re starting to see signs of a period of renewed drug cost growth.” said Vincent Ng, a senior manager with TELUS Health. Although employers and...
March 26, 2015
When an employee is looking for a new career opportunity the most common things that are always considered is the company’s reputation, their opportunity for growth within the organization, as well as the benefits plan that is offered. Employers need to be more competitive and offer more flexible programs that cater to the needs and appeal to different demographics of employees.Here are some ways to make your benefit plans more flexible....
March 19, 2015
This year marks the 11th anniversary of the annual education and awareness campaign that the Competition Bureau of Canada started in 2004 encouraging Canadians to recognize report and stop fraud. Over the past few weeks, approximately 125 law enforcement agencies and public/private sector organizations have come together to combat fraud and spread the message of fraud prevention.
Fraud can occur in many ways and forms. It could be identity theft...
February 19, 2015
With 2015 well underway, many companies have been making important changes to their benefits plans. A recent Wells Fargo Insurance survey found that while companies design their benefits programs with employee productivity and controlling costs in mind, benefits plans are also important when it comes to improving employee loyalty. Some highlights from the survey include:
Managing costs and maintaining productivity are the most important...
December 05, 2014
What does it take to make an employee benefits plan work? Are there companies that are "doing it right"? If so, what does it look like?
The truth is, different companies have different employees, and therefore require different plans to meet different needs. That said, there are a few best practices which, if a company can meet them, is a pretty good indication that they are, in fact, "doing it right"....