Statement: Prescription drug benefits have remained resilient during COVID-19
News ReleaseRelease Date: 09/16/2020 Staff Reference: Kevin Dorse
Stephen Frank, President and CEO of the Canadian Life and Health Insurance Association issued the following statement:
“Industry-wide data collected over the past six months shows that 98.5 per cent of the 27 million who had coverage through their health benefit plans in March continue to be covered.
Since the beginning of the COVID-19 health crisis, life and health insurers have been closely monitoring the number of Canadians covered by workplace health benefits, including prescription drug coverage. These workplace plans have shown remarkable resilience during this unprecedented pandemic.
Canada’s life and health insurers have been working to help employers maintain these benefits for employees by proactively providing premium reductions and other forms of premium deferrals to help reduce costs. Insurers have also been working with health professionals to provide access to virtual care services including mental health supports covered by their workplace plans.”
For further data and information about Canada’s life and health insurers please visit www.clhia.ca/facts
To learn more about how the life and health insurers are responding to COVID-19, visit www.clhia.ca/covid19information.