Claims Trend Study 2014
Read the full report and what the facts reveal >
One of our primary benefits partners, Green Shield Canada, recently completed a study of health claiming patterns by age category.
The results are very interesting and may have impact on how you, as an employer, view your health plan. Until recently, extended health care costs (excluding drugs) did not constitute a large percentage of overall costs.
More recently, the average has increased to 1/3 of overall claim costs. Even within our block, we have seen a higher than ever incidence of extended health claims exceeding drugs!
Interestingly, plan maximums and plan designs haven't changed much over the past decade yet the claim costs are on the rise.