iAtoday
As you probably know, a biosimilars policy was implemented in British Columbia in 2019. The goal of this policy is to switch PharmaCare patients who are taking originator biologic drugs for certain medical conditions to the biosimilar version. Biosimilar drugs are less expensive but just as safe and effective as originator biologics.
We want to inform you that these initiatives are continuing and that a new drug is now subject to this policy: adalimumab ― Humira.
Impact on iA Financial Group plan members in British Columbia
iA Financial Group welcomes BC’s biosimilars initiative as it aligns with our efforts to provide comprehensive drug plans at a sustainable cost for group insurance plan members and plan sponsors across Canada. Therefore, we are aligning adjudication for targeted biologics as closely as possible with the new BC biosimilars policy.
As per BC PharmaCare coverage changes, we will only cover the biosimilar version for affected medical conditions, unless BC PharmaCare approves an exceptional Special Authority request for coverage of the originator biologic drug.
Personalized communication
The well-being of plan members is at the center of our concerns. Therefore, in the coming weeks, we will contact all affected claimants to offer support and assistance in the transition to the biosimilar drug, in collaboration with their health professionals. Nonetheless, we will explore coverage solutions for whom the switch may not be advisable.
A communiqué will be sent to group insurance plan administrators on April 26 to inform them.
Read the French version of the communiqué.
Also in this issue
- Release of the 2020 Sustainability Report
- Webinar | Group retirement plans and sustainable funds: now more than ever!
- Winners of the “Investing – it’s a win-win!” contest
- iAIM is making changes to general fund-management teams and fixed-income fund-management teams
- New web page on the ATTITUDE portfolios, our life cycle investment solution
- It’s important to update plan members’ salaries
- Reminder: medical and dental expense list for the 2020 income tax return
- Top 10 drugs in 2020
- Verifying healthcare provider eligibility: an essential step to avoid unpleasant surprises