February 1, 2015 -
Equitable Life of Canada announced today it is partnering with Rexall TM to launch Partners in Savings, a pilot program to mitigate the impact of high-cost specialty drugs for plan sponsors and give added value to plan members.
Initially available to employers in Ontario, this program provides preferred pricing of eligible prescription drugs through the partnership with Rexall, which owns and operates more than 450 community pharmacies, as well as MediTrust Pharmacy, Canada’s largest home delivery pharmacy.
Plan members also benefit from additional savings through reduced dispensing fees when they fill their prescriptions at Rexall, Rexall Pharma Plus or MediTrust Pharmacy, as well as discounts on hundreds of commonly used Rexall private brand non-prescription products with the Rexall Pharma Plus Exclusive Savings Card.
“Recent advancements in health care have come with an equal advancement in cost,” said Martin Chung, Assistant Vice President – Strategic Health Management at Equitable Life. “Not only does the Partners in Savings program provide plan members with an opportunity to lower their out-of-pocket drug costs, but it allows them to contribute to the long-term sustainability of their group benefits plan while receiving high-quality patient care and prescription services from a trusted Canadian pharmacy brand.”
“We’re very pleased to partner with Equitable Life and to be able to offer their members not only preferred pricing for medications, but also a more complete and personalized health experience at our Rexall pharmacies,” said Simon Yep, Director, Business Development at Rexall.
The Partners in Savings Program is one of Equitable Life’s many drug plan management strategic offerings to help plan sponsors provide responsible access to prescription medications while protecting the long-term sustainability of their drug plans.
About Equitable Life of Canada
Canadians have turned to Equitable Life since 1920 to protect what matters most. We work with independent advisors across Canada to offer individual insurance, savings and retirement and group benefits solutions to meet your needs.
But we’re not your typical financial services company. We have the knowledge, experience and ability to find solutions that work for you. We’re friendly, caring and interested in helping. And we’re owned by our participating policyholders, not shareholders. So we can focus on your interests and providing you with personalized service, security and wellbeing.
With a heritage dating back to 1904, Rexall and Rexall Pharma Plus pharmacies are among the most trusted names in retail pharmacy. Rexall is focused on helping Canadians feel good about their health through easy access to a wide assortment of health and wellness services and products. Supported by our team of over 9,000 employees in 456 pharmacies across the country, Rexall is continually evolving to enhance the customer experience. For more information visit Rexall.ca.
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