1 in 3 Canadians is living with pre-diabetes or Type 2 diabetes, impacting more Canadians in the workforce.
Managing diabetes may be costly, especially if not well maintained. At best employees with type 2 diabetes currently cost employers an estimated $2,000 annually. It is the second most therapeutic class on a benefit plan, as members dealing with diabetes also deal with high blood pressure, high cholesterol, depression, and gastrointestinal issues. Members dealing with complications can be taking several medications making private insurance very important.
Drug Costs for diabetics are four times higher than non-diabetic, with costs growing due to new effective medications and monitoring devices.
EMPLOYEE
- Understanding the condition and possible complications
- Managing the condition (lifestyle changes, healthy eating, adherence)
- Importance of mental health
- Developing support network (dietician, pharmacist, mental health)
PHARMACY
- Offer consultations-treatment options and management
- Discuss medications, their side effects and importance of adherence
- Innovations in glycemic monitoring
- Coach patients on lifestyle changes
- Virtual pharmacy services
EMPLOYER
- Raising awareness of risk factors associate with diabetes
- Provide benefit coverage for medical items and medications
- Mental health support EAP service provider
- Virtual care
- Onsite diabetes screening program
- Empowering managers by educating, bringing awareness and providing resources to offer support to members
65% remain on disability for the maximum benefit period or until death
A review of your group benefits program, an understanding of how it’s being utilized, along with an assessment of your group’s demographics, can provide and unlock information on how best to proceed in order for your coverage to be effective for members, providing access to effective care and support.
