Canadian residents without dental coverage will be excited to learn about the new Federal Canadian Dental Care Plan (CDCP), which builds on the Canada Dental Benefit (CDB) launched in December 2022 for children under 12. The CDCP is not intended to replace existing dental plans through employer/pension or private sponsored plans, but it is [...]
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 [...]
Employee benefit plan sponsors will note that with each renewal, their Provider will assign a trend/inflation increase to their dental renewal rates for the upcoming period. Dental trend is broken down into two components; one being utilization, whereby there is an expectation of increased usage of the plan as members become more aware of their dental benefits and suppliers [...]
