February 15, 2013 -
Equitable Life of Canada, in partnership with Pharmex
Direct Inc., is proud to introduce its new Equitable
Life-Pharmex Direct Mail-Order Program to provide customers with
savings on their prescription drugs.
The Direct Mail-Order Drug Program is the latest solution
offered through the Equitable Life Drug Plan Management Toolkit. It
is an alternative and voluntary method for Plan Members of
Equitable Life to receive their prescriptions by mail, saving time
and money, while benefiting from the highest level of patient care.
Plan Members will find this program simple and easy to use.
"The cost of prescription drugs continues to increase and Plan
Sponsors are looking for simple and cost-effective drug plan
designs," says Karen Mason, Senior Vice President, Group at
Equitable Life of Canada. "This voluntary program is a value-based
approach that improves generic drug penetration in the workplace
and delivers savings to both the Plan Sponsor and Plan Member."
"Compared to just a few years ago, most drugs used to treat
common chronic diseases now have an interchangeable generic
available at a significantly lower cost," explains Martin Chung,
Assistant Vice President, Strategic Health Management at Equitable
Life of Canada. "However, the majority of Plan Sponsors are not
fully capitalizing on aggressive generic price regulations now in
place in most provinces. We can help Plan Sponsors capitalize
through our mail-order program."
"Our Drug Plan Management Toolkit is an example of how Equitable
Life provides insightful end-to-end Group Benefit management
solutions," adds Mason. "We are dedicated to developing and
delivering these solutions to help our customers capitalize on the
changing economies of employee benefits and the rapidly changing
Canadian healthcare environment."
About Pharmex Direct Inc.
Established in 1992, Pharmex Direct is a mail-order pharmacy
that delivers quality care, convenience and savings for Plan
Members and Sponsors alike. Pharmex Direct is committed to the
highest level of patient care combined with promotion of the
appropriate use of medications. Pharmex Direct and its pharmacists
are fully accredited by the Ontario College of Pharmacists.
Pharmacists are easily accessible for confidential counseling by
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 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.
Media Relations Contact
Director, Group Marketing
Direct Line: 519.904.8090