How COVID-19 Changed Employee Benefits
While the way offices operated daily was one of the most noticeable impacts of COVID-19, you may not have realized how much the pandemic has altered the employee benefits landscape.
The Pros and Cons of Offering a Comprehensive Benefits Package
A comprehensive benefits package can attract and retain the talent your company needs. Still, it’s important to understand the potential downsides of offering comprehensive coverage.
Managing the Cost of Chronic Illness Medications for Your Employees
Chronic disease medications accounted for nearly 70% percent of drug plan claims costs in the preceding year. This means that costs must be effectively managed in order to offer coverage to all of your employees.
The Top 3 Mistakes Employers Make When Implementing Group Health Benefits
Despite the unique nature of each company’s group health plan, there are several common pitfalls that many companies fall into when implementing their benefits. Taking the time to understand and avoid these issues can ensure your group health benefits plan’s long-term success and sustainability.
The Importance of Employee Mental Health Benefits in 2023
COVID-19 has changed Canadian workplaces in many ways. From the proliferation of remote and hybrid work opportunities to updated sickness policies, employers have adapted to the new state of the world. The pandemic has also highlighted the critical nature of staying mentally healthy in the workplace and beyond.
News: Ontario Pharmacists Can Now Treat Common Ailments and Renew Most Prescriptions
Pharmacists in Ontario are now allowed to treat and prescribe medication for thirteen of the most common types of medical ailments and renew most prescriptions.
Should You Offer Dental Coverage to Your Employees?
When choosing which benefits to offset employee expenses, finding a balance between coverage and affordability is essential for any organization. While some benefits are common to expect, others are seen by many employers as impractical luxuries. Although it can be tempting to exclude ‘extras’ like dental coverage, it’s important to understand all sides of the need versus luxury equation.
Why Sharing Extended Health Premiums with Employees Increases Your Company’s Costs
When it comes to setting up benefits plans, one of the most common mistakes employers make is sharing the cost of health and dental premiums with employees. While it may seem like a simple way to offer extended benefits without footing the entire cost, cost-sharing almost inevitably leads to climbing prices for employers and employees …
The Danger of Not Having a Continuation of Benefits Policy
For many smaller companies, having a dedicated Human Resources team is not feasible. HR tasks are often handled by someone working double-duty from another position or directly by company leadership as needed. With lots of things to take care of, important things can fall through the cracks. One important aspect that many companies overlook is …
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Benefit Plan Sustainability
According to the 2021 Benefits Canada Healthcare Survey, 71% of plan sponsors are concerned about the long-term impact of COVID-19 on the cost of their health benefits plan. Are you one of them? If you’re like these plan sponsors, benefit plan sustainability is likely a growing concern for the overall health of your workforce and …