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Just one "click" and you can now get current and relevant information. See for yourself… the full richness of information provided in Normandin Beaudry's news releases.
Normandin Beaudry is at the cutting edge of market trends and can share with its consultants and clients a full range of the most valuable knowledge.
To be placed on our mailing list, and receive this information first hand, please contact us at (514) 285-1122 or by email at general@normandin-beaudry.ca. You can access our bulletin releases of the last few months at any time on this Website.
The average fees per visit could be useful in establishing the maximum amounts payable under your group insurance plans. Moreover, the average fee per visit increase compared to that of 2009 allows you to validate the inflation assumption used by your insurer in renewing your health premium rates.
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We are pleased to present our mid-year review analyzing the performance as at June 30, 2010, of institutional managers comprising the Normandin Beaudry Investment Funds Universe. The purpose of this review is to keep you up-to-date on the recent performance of financial markets and institutional managers. You will receive this review each year after the end of the first semester.
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The anticipated final version of the Regulation respecting the funding of pension plans of the municipal and university sectors was published in the July 7, 2010 edition of the Gazette officielle du Québec.
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With low interest rates, disappointing stock market performances and only modest expected economic growth in developed countries, many institutional investors are looking for new sources of return.
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This article is available in French only.
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The Régie de l’assurance maladie du Québec recently announced the new financial parameters that will apply to the public prescription drug insurance plan for the period of July 1, 2010 to June 30, 2011. One of the provisions of Quebec’s Act respecting prescription drug insurance provides for the revision of these parameters on July 1 each year to take into account the increase in plan costs.
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Generic versions of many popular drugs will be hitting pharmacy shelves by 2013. The generic version of Lipitor (cholesterol pill), the best-selling drug in the world, was recently launched on the Canadian market. Apotex, a generic drug manufacturer, is the first to make the generic version available (Apo-Atorvastatin). Other generic drug manufacturers should follow suit. In fact, even Lipitor’s manufacturer, Pfizer, announced that it will produce a generic equivalent of its best-selling drug.
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Following the lead of other Canadian provinces, Quebec imposes a 2% tax on insurance premiums. A compensation tax on financial institutions is also added to insurance premiums in Quebec.
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Upon their arrival in Cuba, travellers must present proof that they have travel insurance that includes medical expense coverage in Cuba for the duration of their stay. Travel insurance policies underwritten by Canadian insurance companies are recognized by Cuban authorities. Travellers will need to present as proof either an insurance policy, insurance certificate or medical assistance card.
More details
Subject to certain eligibility criteria, a tax credit of between 4% and 20% of the incurred expenses can be granted to the taxpayer. It is important to note that, unlike some other tax credits, credits for medical expenses are non-refundable. Therefore, credits in excess of the amount of income tax to be paid are not reimbursed.
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New permanent financing rules came into effect in Quebec on January 1, 2010, for all pension plans ("Bill 30"). However, for municipal and university sector pension plans, a highly anticipated Draft Regulation was recently published in order to detail the application of Bill 30 as well as certain rules specific to these sectors.
More details
Just one "click" and you can now get current and relevant information. See for yourself… the full richness of information provided in Normandin Beaudry's news releases.
Normandin Beaudry is at the cutting edge of market trends and can share with its consultants and clients a full range of the most valuable knowledge.
To be placed on our mailing list, and receive this information first hand, please contact us at (514) 285-1122 or by email at general@normandin-beaudry.ca. You can access our bulletin releases of the last few months at any time on this Website.
Rates for Health Care Professionals in 2010
NB Bulletin Vol. 13, no 10, August 2010The average fees per visit could be useful in establishing the maximum amounts payable under your group insurance plans. Moreover, the average fee per visit increase compared to that of 2009 allows you to validate the inflation assumption used by your insurer in renewing your health premium rates.
More details
Review of the institutional fund performances over the first semester of 2010
NB Bulletin Vol. 13, no 9, August 2010We are pleased to present our mid-year review analyzing the performance as at June 30, 2010, of institutional managers comprising the Normandin Beaudry Investment Funds Universe. The purpose of this review is to keep you up-to-date on the recent performance of financial markets and institutional managers. You will receive this review each year after the end of the first semester.
More details
New funding rules applicable to pension plans of the municipal and university sectors adopted
NB Bulletin Vol. 13, no 8, July 2010The anticipated final version of the Regulation respecting the funding of pension plans of the municipal and university sectors was published in the July 7, 2010 edition of the Gazette officielle du Québec.
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Investing in emerging markets
NB Bulletin Vol. 13, no 7, July 2010With low interest rates, disappointing stock market performances and only modest expected economic growth in developed countries, many institutional investors are looking for new sources of return.
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Les employés apprécient-ils leur régime d'assurance collective?
Revue Effectif, Juin-Juillet-Août 2010This article is available in French only.
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New Financial Parameters for the Quebec Prescription Drug Insurance Plan
NB Bulletin Vol. 13, no 6, June 2010The Régie de l’assurance maladie du Québec recently announced the new financial parameters that will apply to the public prescription drug insurance plan for the period of July 1, 2010 to June 30, 2011. One of the provisions of Quebec’s Act respecting prescription drug insurance provides for the revision of these parameters on July 1 each year to take into account the increase in plan costs.
More details
Potential cost savings with the arrival of generic drugs
NB Bulletin Vol. 13, no. 5, June 2010Generic versions of many popular drugs will be hitting pharmacy shelves by 2013. The generic version of Lipitor (cholesterol pill), the best-selling drug in the world, was recently launched on the Canadian market. Apotex, a generic drug manufacturer, is the first to make the generic version available (Apo-Atorvastatin). Other generic drug manufacturers should follow suit. In fact, even Lipitor’s manufacturer, Pfizer, announced that it will produce a generic equivalent of its best-selling drug.
More details
Provincial budget’s impact on group benefit plans
NB Bulletin Vol. 13, no. 4, May 2010Following the lead of other Canadian provinces, Quebec imposes a 2% tax on insurance premiums. A compensation tax on financial institutions is also added to insurance premiums in Quebec.
More details
Medical insurance mandatory for entering Cuba
NB Bulletin Vol. 13, No. 3, May 2010Upon their arrival in Cuba, travellers must present proof that they have travel insurance that includes medical expense coverage in Cuba for the duration of their stay. Travel insurance policies underwritten by Canadian insurance companies are recognized by Cuban authorities. Travellers will need to present as proof either an insurance policy, insurance certificate or medical assistance card.
More details
Non-refundable tax credits for medical expenses
NB Bulletin Vol. 13, no 2, March 2010Subject to certain eligibility criteria, a tax credit of between 4% and 20% of the incurred expenses can be granted to the taxpayer. It is important to note that, unlike some other tax credits, credits for medical expenses are non-refundable. Therefore, credits in excess of the amount of income tax to be paid are not reimbursed.
More details
Draft Regulation respecting the funding of pension plans of the municipal and university sectors
NB Bulletin Vol. 13, no. 1, January, 2010New permanent financing rules came into effect in Quebec on January 1, 2010, for all pension plans ("Bill 30"). However, for municipal and university sector pension plans, a highly anticipated Draft Regulation was recently published in order to detail the application of Bill 30 as well as certain rules specific to these sectors.
More details
© 2010 Normandin Beaudry, Actuaires conseil inc. Tous droits réservés.
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