Chris was invited to review and comment on the new IMC Cost Drivers Analysis of Private Drug Plans in Canada (2016-2019) with a handful of successful benefit consultants, in a series of virtual meetings. The meeting was intended to get our input on the new data and to answer some focused questions on key findings [...]
Recently, we looked at our client renewals from 2019, to question cost escalations based on Insurer trend factor surveys. These surveys suggested that benefit cost increases for health/dental were 8%-10% per annum. This number was the sticker price/MSRP, not the real rate of change. In 2019, we showed a +0.8% annual increase across all benefit [...]
Great article by Cassandra Williamson-Hopp on the moves taken by Ontario Power Generation in the area of virtual care. Providing leading edge benefits for their insured members and dependents is clearly a priority and we to see the uptake of these services as a landscape changer. For our part, we are recommending free services like [...]
Cassandra Williamson-Hopp | May 15, 2020 - Benefits Canada Quotes from Chris Pryce - Human Capital Benefits In the midst of the coronavirus crisis, virtual health care is taking center stage. But Ontario Power Generation was ahead of the curve, introducing a pilot project in 2019 to help employees with high mental-health incidences and absenteeism [...]
Yesterday, Sun Life was the first Insurer to announce that because of plan members inability to access Dental claims given COVID-19 mandated shutdowns of dental practices (and a subsequent move to emergency only services) that they were refunding their (non-refund/non self-funded) dental plans with a 50% premium credit retroactive to April. This billing premium credit [...]
