Chris Pryce

Using Health Spending Accounts


How Do Health Spending Accounts Work? Plan members can be reimbursed from their Health Spending Accounts for deductibles, coinsurance amounts, or amounts in excess of plan maximums that would otherwise be paid out-of-pocket. Funds in a Health Spending Account can also be used to pay for items not covered under an employee’s health or dental plan [...]

Using Health Spending Accounts2018-04-17T15:55:13+00:00

The health is wealth approach


Top 4 findings (from the Manulife/Ipsos Reid Health & Wealth Wellness Study - 2014) Based on the theory that health is wealth, Manulife Financial conducted research with Ipsos Reid to help their clients connect the dots between workplace productivity, health and financial wellness.  Below, they summarized the research into a few key findings: 1. Financially [...]

The health is wealth approach2018-04-17T15:55:13+00:00

Express Script 2013 Drug Trend Report Summary


The Express Script report is 86 pages and although it makes for great reading, the skinny essentials were noted on the 1st couple of pages of the report (excerpted below): Executive Summary / Trends and a Glance According to the Express Script report, prescription drugs play an important and increasingly essential role in reducing the impact [...]

Express Script 2013 Drug Trend Report Summary2018-04-17T15:55:13+00:00

Employees on disability – does your plan cover them forever?


One of the most frequently asked questions by Plan Sponsors is the following.  We have an employee who is on our health and dental benefits plan and is not actively at work, what is our obligation to this member?  Unfortunately, when a plan sponsor asks this question, we know that it is too late as [...]

Employees on disability – does your plan cover them forever?2018-04-17T15:55:46+00:00

Group Benefits – Tax and Procedural Tips


Did you know that a member could divert wages to pre-fund their HSA's An employee can utilize a compensation adjustment agreement between them and their employer at the end of their employment contract (annually, or at the expiry of a Collective Agreement) to use pre-tax dollars that would have been paid to them as ‘gross wages’ [...]

Group Benefits – Tax and Procedural Tips2018-04-17T15:55:46+00:00
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