Why Your Health Benefits Cost More in 2026 (It’s Not You) #shorts

Your benefits deduction jumped — and you did nothing wrong. 1. Canadian employer health plan costs rose 8.3% in 2026, up from 7.4% in 2025 — a big reason your pay stub looks different this year even if your coverage hasn’t changed. → 8.3% 2. GLP-1 drugs like Ozempic and Wegovy are a major new cost driver — a single biologic medication can run $20,000 to $50,000 per year, and insurers spread that across every plan member. → $50,000/year 3. You may be paying twice without realizing it — once through your payroll deduction and again through a smaller raise, because your employer’s rising benefit costs quietly eat into your total compensation. 4. Use your RRSP room — updated to $33,810 for 2026 — to save tax-efficiently for out-of-pocket health costs, and coordinate benefits with a spouse to avoid paying for overlapping coverage. → $33,810 Full breakdown 🌐 getwealthy.blog #canadafinance #personalfinance #canadianmoneytalk #moneytips #canada