article thumbnail

New Approaches to Managing Health Care Costs, Improving Outcomes

InterWest Insurance Services

This process, called steerage, if executed correctly can save the employee money on their deductibles, copays and coinsurance and help them get better overall care. ” And as new and more expensive pharmaceuticals hit the market, the portion of overall health care costs that goes towards medications will continue to rise.

article thumbnail

8 Ways Employers and Employees Can Save On Prescription Medications

Griffin Benefits

With over half of today's workforce enrolled in high-deductible health plans (51%), a majority of insured individuals are now on the hook for deductibles of at least $1,400. In doing so, you'll be helping them to become better consumers of healthcare and more satisfied enrollees in high deductible health plans. Pill-splitting.

Medical 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

New Transparency Requirements for Health Plans

AssuredPartners

These rules do not apply to pharmaceutical carve-out plans, as they are aimed at transparency in pricing regarding treatment at health care facilities. Insurance cards must include in-network and out-of-network deductibles and out-of-pocket maximums.

article thumbnail

Workers’ compensation Insurance Arrangements: Does the model make a difference? Part 2

Workers' Compensation Perspectives

Some states allow for employer deductibles, effectively a form of self-insurance. Note: there are no similar employer deductibles in Canada]. States vary in their concentration of covered employment in sectors such as agriculture, manufacturing, construction, transportation, medical services, and advanced technologies.

article thumbnail

Rx Sticker Shock? 3 Ways Employees Can Reduce Prescription Costs

Corporate Synergies

1 Then there’s the behind-the-scenes double Rx whammy: pharmaceutical companies increase prices and pharmacy benefit managers (PBMs) obscure the true cost of medications, causing more headaches for employees. They also aggregate coupons and discount programs from manufacturers. Manufacturer’s Coupons.