Why Your Health Benefits Cost More in 2026 (Real Math) #shorts

Your benefits deduction jumped — and nobody warned you. 1. Canadian employer health plan costs rose 8.3% in 2026, up from 7.4% in 2025 — meaning that $40-a-month jump on your pay stub is happening across the country, and it’s being driven partly by GLP-1 drugs like Ozempic and Wegovy spreading through group plans. → 8.3% 2. You’re actually paying twice — once through your direct payroll deduction, and again through smaller raises, because employers absorb rising plan costs before they calculate your annual increase. 3. A single specialty drug like a biologic can cost $20,000 to $50,000 per year, and when even a handful of employees in your group plan need one, those costs are spread across every member — including you. → $50,000 4. To cut your share, review your coverage annually, coordinate benefits with a spouse, use a Health Spending Account strategically, and shelter out-of-pocket costs inside a TFSA or RRSP — which now has a 2026 limit of $33,810. → $33,810 Full breakdown 🌐 getwealthy.blog #canadafinance #personalfinance #canadianmoneytalk #moneytips #canada