PR FEED

Designed for our business partners—brokers, benefits consultants, employers, associations, and unions—this bulletin delivers clear, comprehensive insights to aid in informed decision-making and strategic planning. 

Highlights from our Inaugural Edition: 

• Rising Costs of High-Value Medications: The proportion of medications exceeding $100,000 annually has significantly increased, primarily due to the introduction of innovative new treatments. In this bulletin, we outline Beneva’s strategies for managing escalating costs, including implementing prior authorization programs and promoting the use of biosimilars. Additionally, we touch on the growing impact of anti-obesity drugs, setting the stage for a more comprehensive analysis in our next edition coming early 2025. 
• Mental Health as a Growing Priority: Demand for psychological support services continues to rise, including a notable increase in long-term disability claims related to mental health. Beneva is strengthening our support and prevention initiatives to better address these needs. 
• Breakthrough Treatments: New treatments for conditions such as migraines and ADHD are proving to be highly effective, but they also come with increased costs. Connecting the Dots explores how Beneva is addressing these challenges, ensuring cost-effective solutions for both employers and their insured members. 

• Fraud Prevention: Beneva takes a proactive approach to fraud prevention, leveraging advanced technology and enhanced monitoring to ensure the responsible management of group insurance plans. 

   

We invite you to explore the first edition of Connecting the Dots, a valuable resource for understanding key issues and trends impacting group insurance. Initiatives such as this bulletin helps Beneva reaffirms its commitment to supporting the well-being of Canadians while ensuring the long-term sustainability of group insurance plans. 

Discover the health bulletin Connecting the dots. 

About Beneva  

Created by the coming together of La Capitale and SSQ Insurance, Beneva is the largest insurance mutual in Canada with more than 3.5 million members and customers. Beneva employs over 5,500 dedicated employees: people looking out for people. Its human approach is rooted in mutualist values that are shared by its employees. With $25.2 billion in assets, Beneva positions itself as a major player in the insurance and financial services industry. Its head office is located in Quebec City. For more information, please consult beneva.ca.