2021 CDA Dental Fee Guide Increases (playing catch up)

2021-02-23T14:46:49+00:00

In 2020, plan sponsors benefited from Covid-19 induced reductions in dental claims, that because of closed dental offices during the initial pandemic closures, resulted in an overall reduction of some -10% to -15% in claims activity.  So, in 2021, the Canadian Dental Association is doing its best to help offset some of that lost revenue [...]

2021 CDA Dental Fee Guide Increases (playing catch up)2021-02-23T14:46:49+00:00

Long Term Disability – Incidence Gap – What is it?

2020-09-24T16:31:04+00:00

Disability incidence rates have increased continually over the past 5 years. This incidence trend, which is the rate at which new claims are changing compared to the past, is industry wide and affects everyone. Based on published reports from industry leaders, Manulife and Sun Life, current Long-Term Disability (LTD) pricing, is not reflective of this [...]

Long Term Disability – Incidence Gap – What is it?2020-09-24T16:31:04+00:00

2020 YTD Annual Renewal Changes at +1.2%

2020-06-29T15:57:20+00:00

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 [...]

2020 YTD Annual Renewal Changes at +1.2%2020-06-29T15:57:20+00:00

Employee Benefit Plan Premium Relief – Coming as early as May

2020-04-18T11:12:44+00:00

Yesterday, Sun Life was the first Insurer to announce that because of plan members inability to access Dental claims given COVID-19 mandated shutdowns of dental practices (and a subsequent move to emergency only services) that they were refunding their (non-refund/non self-funded) dental plans with a 50% premium credit retroactive to April.  This billing premium credit [...]

Employee Benefit Plan Premium Relief – Coming as early as May2020-04-18T11:12:44+00:00

Drug Dispensing Fees – Ontario (July to Dec. 2017)

2018-11-23T15:48:04+00:00

Although, these figures are historical (not released regularly), it is easy to see that Plan Sponsors should be encouraging plan members to be wise consumers and to look at the cost that pharmacist are charging for professional drug dispensing fees. Since guidelines were enacted a number of years ago, aimed at eliminating certain incentives/rebates to [...]

Drug Dispensing Fees – Ontario (July to Dec. 2017)2018-11-23T15:48:04+00:00
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