Griffin Benefits
JULY 5, 2023
In fact, after raising the prices of more than 1,400 prescription drugs in 2022, pharmaceutical companies started 2023 off with a 5% increase for more than 450 medications. One solution means looking inward: transitioning from the fully funded model of healthcare benefits to self-funded health plans featuring stop-loss insurance.
InterWest Insurance Services
AUGUST 31, 2023
A new report by Aon warns employers to expect average group health insurance costs to increase 8.5% in 2024, as inflation starts hitting the cost of delivering care as well as pharmaceuticals. However, some pharmaceuticals cost much more. The cost hike is almost double the 4.5% increases employers saw in 2022 and 2023.
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InterWest Insurance Services
FEBRUARY 8, 2024
As health insurance and health care costs continue climbing, some employers are taking new and innovative steps to tamp down costs for themselves and their covered employees while not sacrificing the quality of care they receive. in 2023, according to the Mercer “National Survey of Employer-Sponsored Health Plans.”
Stratus.HR
OCTOBER 28, 2021
Most health insurance plans outside of a Health Savings Account (HSA) have a list of copays for healthcare expenses. Virtual doctor’s visits aren’t just convenient, they’re a huge money saver for both you and your health insurance provider. Controlling Healthcare Costs Starts with You.
Business Management Daily
SEPTEMBER 15, 2021
Someone definitely could view an employee benefits package that lacks health insurance or paid sick days as a reason to not accept an offer of employment. To aid in the decision-making process, though, here’s a closer look at various types of employee benefits : Health insurance. Health Savings Accounts.
AssuredPartners
AUGUST 5, 2021
Departments of Health and Human Services, Labor and the Treasury (together, the Departments) issued a final rule under the Patient Protection and Affordable Care Act (PPACA) and in furtherance of an executive order issued in 2019. Insurance cards must include in-network and out-of-network deductibles and out-of-pocket maximums.
InterWest Insurance Services
JUNE 22, 2023
That includes those on employer-sponsored group health plans and plans purchased on a government-run exchange. The changes mean some or many of your employees will see significant reductions in their pharmaceutical outlays, particularly if they have high copays or deductibles. One-quarter of them pay $105 a month.
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