Benefit Costs

A survey of 12 Canadian Health Insurers, by Mellon Human Resources & Investor Solutions Canada found that health costs are forecasted to rise 13.7% in 2005, down from 15.1% in 2004. Inflation on prescription drugs is expected to drop to 15.13% from 15.6%, due to the removal from the market of certain blockbuster drugs over [...]

    The addition of a deductible equivalent to dispensing fee on prescription drug coverage is proving to be an effective way to empower plan members to make wise consumption decisions. Professional dispensing fees can range from $4.11 at Costco to $12.00 at Shoppers Drug Mart. By obtaining medications at lower cost providers, plan members [...]