Keep your drug plan sustainable

Support employee health while managing costs 

Prescription drug coverage is one of the most important features of your benefits plan. As a plan sponsor, you need a drug plan that is sustainable and considers:

  • A population that could have an increasing need for more prescription medication 
  • Advancements in medicine and specialty drugs, could mean an ongoing increase in the cost of drugs and treatments

Manulife supports your efforts to manage a sustainable drug plan with:

My Drug Plan – Help your plan members become better-educated consumers

Manulife DrugWatchTM – Find ways to make sure the new drugs you cover deliver the best health outcome at the best price

Specialty Drug Care – Save money and improve health outcomes for plan members who have complex chronic and life-threatening conditions

My Drug Plan:

Gives plan members access to information about their drug plan online 

Makes it quick and easy to see what’s covered and how much they can save by choosing a lower-cost (often generic) alternative 

Provides access to prior authorization forms, links to provincial drug programs and a drug library

Manulife DrugWatchTM:

Evaluates Health Canada’s newly approved drugs and newly approved uses guided by the independent, not-for-profit Canadian Agency for Drugs and Technologies in Health

Identifies drugs with the potential to be expensive to your plan and subjects them to rigorous review before considering adding them 

Negotiates the best possible drug prices with pharmaceutical manufacturers and recommends adherence plans or exclusive distribution arrangements if they can add value

Introduces supportive programming to further reinforce the effectiveness of these higher cost drugs

Manulife’s Specialty Drug Care program:

Helps you manage costs for specialty drugs, which are expected to account for 42% of total drug spending by plan sponsors by 2020 

Includes a preferred pharmacy network (not available in Quebec), preferred pricing and case management by registered nurses who can help plan members learn to manage their condition and take steps to stay as healthy as possible

Gives plan members the choice of having their specialty drug delivered to their home, clinic or physician’s office

Choose your group benefits plan 

Speak to your Manulife representative to discuss group benefit plan options to help meet your business needs.

 

Here are some resources for you

Specialty Drug Care

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