Does Your Broker Have You on the Price Rise and Fall Merry-Go-Round?

If you’re a business owner with a health benefits plan, you may feel like you’re on a never-ending merry-go-round of price fluctuation. But the truth is, you don’t have to be stuck in this pricey cycle.

Your broker should be helping you navigate the ups and downs of the market and finding you the best options for your business and employees.
It’s important to design benefit solutions that work for everyone involved. Let’s have a look at your plan.

Is Your Plan Sustainable?

Employee health benefit prices that don’t address what’s driving your costs upwards won’t save you money in the long run. You need a benefits plan that looks at underlying cost factors, like prescription drug costs and disability coverage. There are many ways to build cost control into the plan.

At GroupHEALTH we use Smart Rx Solutions for prescription drug coverage and Disability Management Services to support our clients and their employees during disability leave.

Is Your Plan Manageable?

Claims are the primary driver of the price of your benefits plan. Every broker knows that. Therefore, they should offer you proactive opportunities to lower your claims experience. If your broker isn’t finding claims solutions, then you need to work together and make some changes.

Is Your Plan Pooled?

Benefits pooling is an important mechanism to moderate rate fluctuations. It’s an especially good tool for small businesses. When the claims are grouped together from a number of organizations, these organizations can support each other during low and high claim years. The risk of claims being higher than anticipated is transferred from one to many.

At GroupHEALTH we use benefits pooling as a tool to keep rates predictable.


At GroupHEALTH, we understand why Canadian businesses of all sizes need a better benefits plan experience and why you shouldn’t feel trapped in a plan that doesn’t work for you and your employees. We support thousands of businesses across Canada, so let us help you! We’ll review your current benefits plan and advise you of your many options – all for free!

Share This Story, Choose Your Platform!

Tree Canada Supporter Badge

We’re proud to partner with Tree Canada to help compensate for our carbon footprint.

By visiting our website online, you are actively participating in our paper-free initiative—thank you!