Benefits plans matter to employees. Research from the 2011 sanofi-aventis Healthcare Survey shows that 59% of employees would choose to keep their benefits plan if given the option to trade it for $10,000 in cash. But as much as employers want to provide these benefits to their workforce, they are struggling to manage plan costs. […]
I was talking to a client recently about the potential implications of a particular biologic drug on their future benefits plan costs. The client listened intently but at the end of the discussion indicated they understood the issue but couldn’t do anything about it. At that moment it struck me—most employers manage benefits plan risks […]
Manulife Financial has launched Health Management Services, a new service to help plan sponsors manage their benefits costs. The new service offers employers a “unique and practical solution that takes the traditional approach of promoting employee health and wellness two steps further,” according to a release from the company. Health Management Services creates an analysis […]
In most recent article on BenefitsCanada.com, entitled Benefits cost management: myth or reality, one of the key messages was that despite a lot of discussion over the years there really isn’t a lot of active cost management built into many benefit plans. Based on the feedback I have received to the article, the message seemed […]