Griffin Benefits

MARCH 9, 2022

They need to find ways to control spending on these treatments, lest the cost of the drug benefit become prohibitive. Here are three ways to manage the cost of pharmaceutical benefits. Focus on fundamentals for Rx cost savings.

Pharmaceutical 52

Pharmaceutical Out of Pocket Cost Management Manufacturing 52

InterWest Insurance Services

JUNE 22, 2023

market, in March 2023 announced that they will cap the cost of insulin for people with private insurance plans. That includes those on employer-sponsored group health plans and plans purchased on a government-run exchange. Out of that population, 8.4 Three drugmakers, which account for roughly 90% of the insulin in the U.S.

Insurance 95

Insurance Out of Pocket Cost Pharmaceutical Deductions 95

HR Digest

MARCH 24, 2023

Reducing out-of-pocket cost-sharing for insulin does mean payers and insurers may be covering a greater share of the costs. However, some of those costs may be offset by increased medication adherence and reduced hospitalization rates, which would end up saving payers money in the long run.

Out of Pocket Cost 52

Out of Pocket Cost Pharmaceutical Hospitality Medical 52

Griffin Benefits

JULY 30, 2021

While these higher deductibles are offset by cheaper monthly medical premiums and often by employer contributions to Health Savings Accounts (HSA), HDHP plans are nevertheless structured in such a way as to promote heightened "healthcare consumerism.". Pharmaceutical Company & State Drug Assistance Programs. Pill-Splitting.

Medical 52

Medical Pharmaceutical Deductions Deductible 52

The Workcomp Writer

NOVEMBER 15, 2023

Employer Refuses Reimbursement Request When the claimant provided his law firm employer with the CBD oil prescription and receipts for its purchase, the law firm refused to reimburse the claimant’s out-of-pocket CBD oil expenses on the basis that CBD oil was not a pharmaceutical drug. Two commissioners dissented.

Medical 52

Medical Out of Pocket Cost Workers’ Compensation Pharmaceutical 52

AssuredPartners

AUGUST 5, 2021

These rules do not apply to pharmaceutical carve-out plans, as they are aimed at transparency in pricing regarding treatment at health care facilities. No Surprises Act provisions Effective January 1, 2022, the No Surprises Act requires the following of self-funded and fully insured health plans as pertains to transparency.

Out of Pocket Cost 69

Out of Pocket Cost Insurance Carriers Pharmaceutical Insurance 69