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Human Capital Benefits

Express Script 2013 Drug Trend Report Summary

2018-04-17T15:55:13+00:00

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?

2018-04-17T15:55:46+00:00

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

2018-04-17T15:55:46+00:00

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

Help Keep Your Prescription Drug Coverage Affordable

2018-04-17T15:55:46+00:00

Your benefits plan includes prescription drug coverage – a significant part of your overall benefits package, especially when you consider that each year, approximately 1 in 3 claimants have drug expenses over $1,000 and 1 in 25 claim more than $5,000. Here are some tips from Great-West Life on how you can make purchasing decisions to help [...]

Help Keep Your Prescription Drug Coverage Affordable2018-04-17T15:55:46+00:00

Critical Illness & Accident Benefits Taxable Jan. 2013

2018-04-17T15:55:46+00:00

Both accident benefits and critical illness benefits are taxable as of Jan. 2013. As per the Federal Budget released in March 2012, and the Notice of Ways & Means motion on October 15, 2012, employer contributions to group accident benefits and sickness insurance plans will be a taxable benefit to employees across Canada beginning January 1, [...]

Critical Illness & Accident Benefits Taxable Jan. 20132018-04-17T15:55:46+00:00
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