Keyword: cost management

193 results found
Friends with health benefits

Drug benefits are the most significant cost component in most employer-sponsored health benefits plans. Drug costs range between 40% and 70% of an organization’s total health benefits costs, and they are set to rise.

Poll finds curbing pension costs a priority for 2013

Morneau Shepell's 30th annual Compensation - Trends and Projections survey results found that pension plan sponsors intend to get more serious about pension and benefits costs next year.

  • By: Staff
  • August 29, 2012 September 13, 2019
  • 11:23
Turning employees into consumers

In honour of Benefits Canada’s 35th anniversary, we took the opportunity to go back to the source to explore why employers offer employee benefits programs. Our research looks at the past, present and future of employee benefits—and shows how much senior business leaders value them. Cost concerns and the desire to more directly connect investment […]

Generic drug prices to drop in Nova Scotia

Small business owners in Nova Scotia will likely be saving money on their prescription drug costs this year.

Trust and transparency when choosing a consultant

Finding the right benefits consultant is as important a task as selecting your firm’s lawyer or accountant. These professionals play an integral role in the direction your company takes and help to ensure the long-term sustainability of your most precious resource: your people.

  • July 26, 2012 September 13, 2019
  • 13:32
Healthcare cost increases slowing: Survey

It may seem too good to be true, but it looks like increases in health benefits plan costs are slowing.

  • By: Staff
  • July 24, 2012 September 13, 2019
  • 09:58
Putting benefits costs in context

Perhaps not surprisingly, cost is the main driver for senior decision-makers when it comes to their pension and benefits plans.

Few employers measure ROI of benefits

Canadian employers may intuitively understand the benefits of investing in prevention and health promotion programs for their employees, but they’re still struggling to demonstrate a clear, positive return on investment (ROI) for such programs.

  • By: Staff
  • July 16, 2012 September 13, 2019
  • 10:28
Moving carriers for solutions, not savings

The lure of better rates, better service, streamlined administration, faster claims reimbursement and a more client focused service platform are the focal points used by carriers to attract employee benefits plan business.

It’s not just the biologics

While biologic drugs can represent a significant percentage of a plan’s drug costs, a Green Shield report says they are not the only thing driving up costs. Of course, plan sponsors need to actively manage biologics as use continues to grow, but they need to look for other places to also control drugs costs.