Tag Archive: prescription

Great West Life – Containing Rising Prescription Drug Costs

For years, employers with employee benefits plans in place have watched as the costs for prescription drugs (for their staff members & dependents) have sky-rocketed. In particular, the cost of biologic drugs (for conditions such as Cancer, Crohn’s, and Osteoarthritis) have impacted benefits plans. Now, one insurance company has taken steps that they believe will…

Average Dispensing Fees – July-December, 2011

Every 6 months, Telus Health Solutions, one of the largest “drug compensation claims” providers in the country, publish a list of the average dispensing fees for each pharmacy chain for the past 6 months. They operate “the largest private electronic insurance claims network for transporting and adjudicating drug claims and transporting dental claims in Canada”….

Benefits By Design/Costco “Agreement” – Sign Of Things To Come?

Could this be a sign of things to come? “BBD (Benefits By Design) is proud to announce our new benefits arrangement with Costco Pharmacy as of November 1st, 2011.” BBD will be offering Green Shield Canada plan members a $5 discount per prescription filled at a Costco pharmacy. Before I go any further, for those…

Cost Of Drugs Increasing??

There was a news piece today about the cost of drugs potentially going up. Yes, you read that correctly. It seems that the Canadian government is working on a trade agreement with the European Union. As part of the agreement, the E.U. wants the patent protection on brand-name drugs to be increased by 3 1/2…

B.C. Drug Reductions – What This Means

There were two recent events in British Columbia which are now starting to affect employee benefits, and in particular, benefits premiums. First off, the H.S.T. Ah, three letters that can overthrow a government leader. Back on July 1st, the B.C. government rolled out their Harmonized Sales Tax (H.S.T.). As a result, claims for services provided…

The Future Of Dispensing Fees

First off, it’s been a while since my last post – my apologies. Since Ontario and B.C. made the changes to their provincial drug plans, something has, well, been bothering me about the changes. I haven’t said much on it (a blog posting back in May did touch briefly on it). But, twice in the…

Quebec Announces Universal Procreation Program

Back in 2008, the Quebec government made a commitment to pay the costs related to assisted procreation for couples who need this treatment. This change came into effect August 5th, 2010. Fertility treatments will now be paid for all women of child bearing age living in Quebec. Cetrotide, Ovidrel, Gonal-F, Puregon, Orgalutran, Latrepulse, Repronex, Menopur,…

Taxes On Employee Benefits – Post July 1st, 2010

By now, most of you know about the HST changes that recently came into effect in Ontario and British Columbia.  One of the things that the Canada Revenue Agency did was clarify how taxes are to be applied, especially for employers with employees in different provinces. In early June, Sun Life published a summary of…

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