Affordable benefit plans are an essential incentive for employees, but currently pose challenges for companies as costs continue to rise and health claims and prescription drug requirements become more complex.
As the population ages, the challenge for plan sponsors to balance the health of their members and the cost of offering competitive benefit and prescription drug coverage will continue to increase. According to the 2017 Drug Trend Report by Express Scripts Canada 20% of employees are claiming almost 80% of prescriptions drug costs from their employer-offered benefit plan. This imbalance raises complications in terms of productivity, plan costs and the overall health of these individuals.