Kelly Waxman, President and FounderAt the core of Benefii’s ethos lies an unwavering commitment to grasp the distinct needs of each client. Unlike conventional advisors, they do not believe in the one-size-fits-all approach, instead specializing in crafting packages that align with the specific requirements of every organization they serve.
Whether it is designing employee group benefits, elevating loyalty by adding a company-sponsored savings plan, offering top-up individualized life, disability, or critical illness insurance products, Benefii takes a personalized approach, ensuring that each client’s needs are carefully reviewed.
“What sets Benefii apart is our dedication to value and creating strategic affordability,” says Kelly Waxman, president and founder.
Acknowledging cost as a pivotal concern for businesses and individuals alike, Benefii provides in-depth cost analysis and creates solutions tailored to optimize benefits while staying within budget constraints. By prioritizing personalized service, cost-effective solutions, and continuous innovation, Benefii is reshaping the landscape of group health insurance, one client at a time.
Benefii continues to tackle complex challenges by deploying innovative solutions to mitigate the impact of rising drug costs and escalating wait times for medical care in Canada.
High-cost drugs, defined as those exceeding $10,000 annually, pose a significant financial burden to the patient (employee) and the sponsor of the employee group benefits plan. From 2019 to 2020, the cost of high-cost drugs surged by 37%, and an additional 9% in 2021.
Benefii recognizes the urgency of the issue and can assist in implementing a drug diversion program. This initiative seeks alternative funding outside of the group benefit plan through the Ontario government and pharmacy manufacturers’ patient assistant programs. With a historic success rate exceeding 90%, it is a win-win for the employee and corporation, as it ensures the necessary medications are funded while controlling costs and maximizing savings for the company.
Additionally, it’s noted that over the past three decades, Canadians have experienced nearly a 200 percent increase in time between seeing a general practitioner and receiving essential treatment from a specialist. The company addresses this through a comprehensive product that offers a million-dollar coverage for global medical care. This includes access to expedited diagnostic imaging services like MRI and CT scans, enabling clients to seek treatment at prestigious private clinics outside Canada.
In the complex landscape of employee benefits, the value of expert advice is immeasurable – the group benefits plan isn’t just about its coverage, but the wisdom of the advice that shapes it, guiding businesses and individuals towards prosperity and protection
In today’s economy, Benefii frequently encounters the challenge of clients facing budgetary constraints while seeking improved benefits to continuously attract and retain employees.
Leveraging expertise and specialization, they engage in educational dialogue to discuss cost-saving opportunities, including the advantages of mandatory generic drugs compared to brand names, along with biosimilar versus biologic drugs. In addition to this, pharmacy dispensing fees across Southern Ontario have over a 97% difference – this can have a massive impact on the price per prescription drug. By partnering with preferred pharmacy networks and implementing proactive benefit plan management, including cost-sharing strategies and data analytics, Benefii can identify trends and suggest cost containments. As a result, the client achieves their objective of enhancing benefits while reducing their expenses but continuing to maintain a comprehensive and competitive benefits package for their employees.
What sets Benefii apart is their industry expertise, insights and specialization. As proud members of the Canadian Group Insurance Brokers (CGIB), they focus on group benefits, accessing industry knowledge, professional development, advocacy, and peer support. Leveraging these resources, they deliver exceptional value and service.
