Employee benefits for McKesson Pharmacies
PharmaFlex Benefits combines cutting-edge technology from BeniPlus and BenefitsConnect with expert advice from Edgewater Financial Group, the trusted authority in pharmacy benefits.
Take advantage of the collective buying power of all McKesson pharmacies. Utilizing modern solutions and unique experience to make running your pharmacy benefit plan easier, elevating your employee’s user experience. PharmaFlex Benefits has a benefit solution for any pharmacy, no matter how big or small.
Flexible Benefits
Simple, flexible, and affordable spending accounts for smaller pharmacies providing benefits for healthcare, wellness, retirement savings, personal insurance, and charitable giving.
Flexible Benefits with Group Insurance
PharmaFlex Benefits Hybrid Benefits offer a best of both worlds approach for small to medium sized pharmacies. All the best features and protection of traditional benefits combined with all the flexibility and cost controls of Flexible Spending Accounts.
Pre-Designed Benefits for Medium to Larger Pharmacies
PharmaFlex Benefits Pre-designed benefits are for pharmacies looking for lower rates, greater price stability and a fully digitized user experience and better benefits engine via BenefitsConnect.
Benefits for Larger Pharmacies
Fully customized benefit platform using the full universe of benefit suppliers and technologies for large pharmacies or pharmacy groups looking to replace their existing benefit plan.
Why PharmaFlex Benefits?
PharmaFlex Benefits combines class leading employee benefits advice with new technology, to offer better design, implementation, and on-going management of your employee benefit plan. Additionally, administrator portals make your job easier including our value-added features which can include new tools like vacation approval and tracking, with a built-in scheduling and vacation tracking portal.
Customize your plan based on your preference
Choose between five benefit categories
Annual or monthly budgeting
Simply add group insurance to your plan
Prorating and rollover options
Add and manage your team members within the platform
Individual or bulk CSV import
Employee management
Integration with your HRIS
Easy access to all your claims for performance data and bookkeeping
Claims and transaction history
Payroll reporting
Export via Excel File
“PharmaFlex Benefits is the best plan for our team.”
No matter how big or small, no matter where you are, no matter what your pharmacy and personal benefit needs, we have McKesson pharmacies covered with the most comprehensive retail pharmacy offering in Canada, available in all ten provinces and all three territories.
Frequently Asked Questions
What is PharmaFlex Benefits?
PharmaFlex is a consortium of insurance providers, endorsed by McKesson, offering a range of comprehensive insurance products and services to the McKesson banner stores. PharmaFlex includes special products, features and preferred pricing.
Who is PharmaFlex Benefits insurance for?
PharmaFlex serves pharmacists, pharmacy owners and their employees who work under any of the McKesson retail banners: The Medicine Shoppe, Remedy’sRx, Guardian and I.D.A. We also have many other pharmacies from within the McKesson family.
What does it mean to be a preferred vendor for McKesson Canada?
McKesson searched for, vetted, and selected a partner for insurance services. McKesson Canada chose PharmaFlex as a preferred vendor for The Medicine Shoppe, Remedy’s Rx, I.D.A., Guardian and members of their retail buying club. They did their due diligence, so pharmacy owners have one less thing to worry about. PharmaFlex is proud to be a preferred vendor of McKesson Canada and offer you savings and exclusive coverage as part of our group employee benefit plans.
How do you prepare my insurance quote?
Once you request a quote, we call you for a personal consultation. In this conversation, we go over your needs and help you understand your current coverage and options to simplify things, reduce costs or meet your objectives. To produce an illustration or “quote” we require a census of your employees and if you have an existing benefit plan, some information on your plan experience and most recent rate renewal. We then show you how to get the solution you need to put your mind at ease. With our quote and consultation process, you will leave the discussion with an understanding of where your current coverage may or may not meet your needs and how you can save money with PharmaFlex.
How long has PharmaFlex Benefits worked with McKesson?
PharmaFlex has provided quality service to Canadian pharmacists, pharmacy owners and their employees since 2013. While other brokers come and go, our longevity comes from our commitment to understanding pharmacists and pharmacies, serving them well and bringing them greater value than they could otherwise find in the marketplace.
Can you be more specific about what PharmaFlex Benefits offers?
PharmaFlex offers employee group insurance benefits like extended health and dental and employee spending accounts. PharmaFlex also offers personal insurance like life insurance, disability insurance and critical illness insurance. For pharmacy owners, we provide life insurance to fund shareholder/partnership agreements and valuable advice on how to run pharmacy and personal affairs better through integrated planning. Integrated planning lets pharmacy owners integrate their business and personal planning to avoid gaps and eliminate overlaps for greater cost and tax efficiency.
I’m busy so what’s the best way for me to learn about PharmaFlex Benefits insurance products and services?
We designed our website with busy pharmacy owners and pharmacists in mind! We know that you want to research your options at your convenience, so we put as much information as possible right here on our website. By the time you finish reading our site, you will know who we serve, what our products look like and the answers to your most frequently asked questions. However, we feel a personal touch and “learning your way” is the best approach. We are happy to provide customized information, whenever possible visit your pharmacy, or simply join a call to talk about your needs and your goals.
