Although you may have heard of medical tourism—travelling to another country to have a medical procedure or treatment – did you know that dental tourism follows a similar model and is also gaining momentum? The motivation for taking this route is typically some combination of cost savings as well as better and quicker access to [...]
"My benefits"- an assistance package that most employees have negotiated at hiring. We believe that every medium to large employer should invest in an Employee Assistance Plan. For $3.00 to $6.00 per employee per month, an employer stands to gain much more in productivity, retraining and other soft costs, than the relatively small premium expenditure. [...]
In simplest terms, traditional drugs are single-molecule formulations typically developed through chemical processes, whereas biologic drugs are large, complex molecules developed from or through the action of living organisms. Drug reform has definitely been the theme of the day for many days in fact, keeping most industry stakeholders transfixed. However, is our preoccupation with the [...]
Keeping group benefits costs to a minimum is a challenge for all employers. But according to a survey by the International Foundation of Employee Benefit Plans (IFEBP) earlier this year, more and more plan sponsors are turning to wellness programs and cost-sharing measures to help. The IFEBP survey uncovered the approaches plan sponsors currently use [...]
To remain eligible for benefits, an employee's coverage must be inforce at the start of disability. Most plan sponsors are aware that they are mandated to continue benefit coverage for the full duration of an employee’sr Maternity/Paternity leave, as long as the employee continues to fulfill their commitment as relates to any premium cost sharing with the employer. [...]
