January 23, 2012 - Equitable Life of Canada is proud to announce the launch of a
new Drug Plan Management Toolkit.
"Our clients have consistently told us that drug benefit costs
are a growing concern," says Karen Mason, Senior Vice President,
Group - Equitable Life of Canada. "With the launch of our Drug Plan
Management Toolkit, Equitable Life enables Advisors and Plan
Sponsors to thoughtfully manage drug benefits with highly
customized tools and end-to-end solutions that matter."
The drug landscape in Canada is clearly shifting. Examples
include generic price regulations, demand shift driven by
demographics and drug innovation in the treatment of common and
rarer diseases. Small and mid-sized employers, in particular, value
improved access to comprehensive, yet simple methods to better
understand the nature of their drug plan risks and opportunities
that allow them to implement tailored solutions based on fact-based
insights.
Fully integrated with the Equitable Life HealthConnector® platform, the new Drug Plan
Management Toolkit includes a number of advantages, for
example:
- Unique, practical and highly customized diagnostic drug reports
designed to highlight key drug plan performance metrics. The
reports include practical guides to interpret results and robust
support data to enable fact-based decisions that are specific to
the client's health environment.
- A suite of user-friendly communication tools for Plan Sponsors
and Plan Members that defines and illustrates the value of drug
plan management and various drug plan design options. These
communication tools bridge the key stages of change: awareness,
assessment, education and implementation from both the Plan Sponsor
and Plan Member perspective.
"The relevance of drug plan management has been recognized
for many years," explains Martin Chung, Assistant Vice President
Strategic Health Management - Equitable Life of Canada. "When it
comes to addressing their increasing healthcare challenges, Plan
Sponsors have often been limited by the absence of practical,
client-specific insights that illustrate why a thoughtful approach
to drug plan management matters, plan options that make strategic
sense and direction on how to implement efficiently and with
sensitivity to Plan Member needs."
"The Drug Plan Management Toolkit is the latest example of how
Equitable Life provides insightful end-to-end Group Benefit
management solutions," adds Mason. "We continue to provide these
solutions so that our clients can capitalize on the changing
economies of employee benefits and the rapidly changing broader
healthcare environment."
About Equitable Life of Canada
Since 1920, customers have been depending on Equitable Life of
Canada for financial protection. As one of the largest mutual life
insurance companies in Canada, Equitable Life® is dedicated solely
to its policyholders. Everything we do is focused on providing them
with personalized service, security and wellbeing. Through
partnerships with Managing General Agencies and Advisors, Equitable
Life offers a wide selection of competitive Individual Life and
Health, Savings and Retirement and Group Benefits products to meet
a range of financial planning and health needs.
www.equitable.ca
Media Relations Contact
Mike Waechter
Director, Group Marketing
Direct Line: 519.904.8090
Email: mwaechter@equitable.ca
