With insurers increasingly adopting preferred pharmacy networks to cut costs, some plan members are pushing back, finding it inconvenient and challenging to switch pharmacy providers, not to mention the lack of variety. That’s not without the Ontario Financial Services Regulatory Authority (FSRA) stepping up to ensure fairness in this evolving space by widening its oversight… Continue reading Cost Control vs. Patient Choice: A Delicate Balance When Navigating Preferred Pharmacy Networks
The debate over public versus private healthcare is intensifying. As virtual care has become a critical resource for many, particularly in the wake of the pandemic, the debate now centers on integrating virtual care into the public system without disadvantaging those who rely on employer-funded benefits in order to meet the demand for accessible, timely… Continue reading The Battle Over Virtual Care: And Why It Will Impact The Future Of Healthcare In Canada
Employee financial health isn’t just an individual problem—it has significant implications for all businesses. Your team deserves to feel confident about their financial future with a secure retirement strategy. All Canadians deserve financial wellness. Rising costs, inflation, and increasing grocery bills are placing a heavy burden on working individuals. The constant pressure to stretch their… Continue reading Financial Stress Is At Alarming Levels – And It’s Impacting Workplace Performance
Canadians are relying more and more on employer-sponsored health benefits to support their everyday lives, which is a reassuring sign that they’re being properly used. However the overwhelming majority of workers say they don’t meet their needs, and plan sponsors say that it’s impossible to offer every every benefit. So where can plan sponsors go… Continue reading Canadians Rely More On Employer-Sponsored Health Benefits — But Are They Meeting Their Needs?
One thing is undeniably clear about today’s workforce: employees are far more empowered than ever. The shift in perspective regarding employees is a welcome change. It highlights the importance of employers and plan sponsors adapting to this shift and reshaping what their employees seek from their personal and professional lives. Despite constant macroeconomic changes, a… Continue reading The Future of Employee Benefits is Here: Unlocking The Crucial Role They Play in a Startup’s Success
Summer is approaching, and in the employee benefits industry, we eagerly await the annual report on the top employee benefits providers from the previous year. We’re excited to explore the many interesting insights that emerged from an unprecedented year — so let’s dive in and look at the numbers and insights in 2023. The Shift… Continue reading Canada’s Top 20 Employee Benefits Providers — 2023
A Tailored Employee Benefits Product Offering Flexibility And Control For Tech Startups TORONTO, ON—Orchard Benefits announced today the launch of WellTech+, an innovative employee benefits insurance product for tech startups. It was developed through a collaboration with Medavie Blue Cross to address the evolving demands of the tech industry. This is the first product launch… Continue reading Orchard Benefits Launches WellTech+
Family-building practices have been evolving for decades, and while several viable options are now available to those in the family planning stage, they often come with a hefty price tag. Modern family-building can be an expensive journey, and employee benefits have a vital role to play in helping working professionals achieve their dreams of growing… Continue reading Family Building And Fertility Benefits: Transforming The Landscape Of Employee Benefits
Let’s face it – dealing with formulas, percentages, administration costs, and loss ratios probably lies somewhere between mundane and daunting on the spectrum of HR responsibilities for most team leaders. Dealing with rate adjustments while controlling costs can be tricky when calculating employee benefits renewals. We’ve pulled together some key elements of the benefits renewal… Continue reading How Carriers Calculate Benefit Renewals: A Simplified Review
2024 is set to be a year filled with exciting changes to look forward to in the world of benefits. We’ve put together a short list of some of the top trends to anticipate in the next twelve months. While some trends exhibit new industry breakthroughs, others reflect developments in ongoing challenges faced by employees… Continue reading Top 5 Developments In Employee Benefits To Watch in 2024
