P. 2
Benefits costs are rising.
The cost of helping employees and plan members get healthy and stay healthy is on the
rise. In fact, benefits costs in Canada and globally are expected to increase by 7% in
2022, driven by trends including higher dental and paramedical fees and rising drug costs.
This means in the next five years, employers are likely to see their average monthly
cost per certificate rise to $124, versus $97 in 2021. And with inflation creeping up,
employees are feeling the pinch and looking to employers to support them on their
wellness journeys.
This ebook is for plan sponsors and carriers looking to keep costs under control, while
offering competitive benefits and supporting great health outcomes. It looks at how
adding a virtual pharmacy benefit can support a holistic, sustainable group health
benefits strategy.
Top five medical conditions
affecting Canadians.
There are a number of factors that are making it more expensive than ever to support
a healthy workforce.
Musculoskeletal
and back
concerns
Cardiovascular
disease
Mental
health
issues
Diabetes Cancer
Mental health issues alone account for between
30% and 40% of short-term disability claims,
and 30% of long-term disability claims.
