Flexible Benefits for Health and Wellness
The PharmaFlex Benefits Wallet is a spending account platform that gives your employees the ultimate flexibility with five benefit categories that matches their health, wellness, and retirement goals.
Your plan. Your controls.
Pharmacy owners decide on which features to offer and employees decide how they want to allocate their spending at the start of each year.
Customize your plan
As the pharmacy owner, you decide who to include, and what spending choices they have. Employees then allocate their spending account to their choices based on what you have included.
Health Spending Account
A Healthcare Spending Account is your personal health budget, empowering you to cover a wide range of medical expenses, from dental work to massage therapy, exactly as you see fit.
Wellness Spending Account
A Wellness Spending Account gives you the freedom to invest in your well-being, covering costs for activities and services that keep you at your best, like gym memberships or yoga classes.
RRSP
An RRSP, or Registered Retirement Savings Plan, is your financial nest egg for the future, allowing you to save for retirement on a tax-deferred basis.
Charitable Giving
Charitable Giving lets you support causes close to your heart directly from your Wallet, making it easy and efficient to contribute to the greater good.
Personal Insurance
Personal Insurance offers you a safety net for life's unexpected turns, covering everything from health emergencies to long-term disability. It’s designed to provide peace of mind, ensuring you and your loved ones are protected.
Group Insurance
Your Wallet allows you to include your choice of group life insurance, group long term disability insurance, group travel insurance and major medical coverage and much more.
Build your plan for free
Get started today by building your plan. No upfront payments. No long-term commitments. Entirely pay-as-you-go. You won't incur any costs until your team submits a claim.
Same-day approval. Next-day money-back
No more janky online portals to submit your claims. Your team will love using our mobile app to easily upload their receipts, and our technology automatically facilitates the reimbursement from your business. Same-day approval. Next-day money back.
As easy as 1, 2, 3
Setting up your benefits plan shouldn't take weeks with 'tons of paperwork to review. You can create your account, set your budgets, and add your team to start submitting claims.
Step 1 - Create your account and design your plan
Step 2 - Set your annual or monthly budgets for your employees
Step 3 - Add your employees individually or in bulk through a CSV import of integration with your HRIS
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.
