Remove 2024 Remove Employment Remove Health Remove Out of Pocket Cost
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Measure Would Cap Insured Out-of-Pocket Cost of Insulin at $35

InterWest Insurance Services

House of Representatives has passed legislation that would cap the out-of-pocket cost of insulin at $35 a month for people with group or private health insurance. While the measure still has to face a vote in the Senate, it has broad backing after the cost of insulin has skyrocketed in recent years. How it would work.

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More Insurers Pushing Virtual Care for Cost Savings

InterWest Insurance Services

The latest insurer to announce an expansion of its telemedicine offerings is UnitedHealthcare, which recently said it would eliminate out-of-pocket costs for its 24/7 Virtual Visits program for eligible members enrolled in fully insured employer-sponsored plans, starting July 1.

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New Health Plan Prescription Drug Reporting Mandate

AssuredPartners

Employers who sponsor self-funded health plans should coordinate with their self-funded TPA and pharmacy benefit manager (PBM) to ensure timely reporting of the required data. to promote prescription drug pricing transparency and (b) promote competition that can combat the high cost of prescription drugs.

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New Transparency Requirements for Health Plans

AssuredPartners

This rule, entitled Transparency in Coverage, requires group health insurance carriers and self-insured plans to disclose rates and cost-sharing information for all covered items and services. Effective January 1, 2024 , the online cost-sharing information must include all covered items and services.