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Captive Health Insurance and Prescription Drug Costs

AssuredPartners

Captive insurance coverage that includes prescription drugs as part of the program is not new in the employee benefits marketplace. Implement plan language to take advantage of manufacturer and foundation financial support; this can help to reduce the overall cost of the drugs.

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New Approaches to Managing Health Care Costs, Improving Outcomes

InterWest Insurance Services

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. The following are some strategies that employers are pursuing.

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Employers ‘Unwavering’ in Providing Group Health Benefits: Research

InterWest Insurance Services

The poll of 26 health benefits decision-makers at large firms, carried out by The Commonwealth Fund and the Employee Benefits Research Institute (EBRI), found that despite rising premium and health care costs, they felt obligated to offer health insurance instead of shunting employees to exchanges.

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Why small business owners need liability insurance

Higginbotham

But, liability insurance can provide financial protection when someone files a lawsuit or makes a claim against a small business. This article will provide a basic overview of liability insurance: what it is, how much it costs and how this essential form of small business insurance can be refined for enterprises of every size and structure.

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New Health Plan Prescription Drug Reporting Mandate

AssuredPartners

For fully insured plans, health insurance carriers will be responsible for making the necessary reporting from a legal standpoint. 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.

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Best Employee Benefits in Light Manufacturing

Winston Benefits

If your company is involved in manufacturing, you know that offering strong benefits is a must. Manufacturing jobs tend to have better benefits than many other industries, so staying competitive can be difficult. If you’re involved in light manufacturing, these top benefits can help you stand out. Strong Health Benefits.

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Employers Wrestling with Covering Weight-Loss Drugs

InterWest Insurance Services

The explosion in demand for new, costly and highly effective weight-loss and diabetes drugs is poised to play an outsized role in increasing the cost of health care, and in turn, health insurance in America. in 2023, compared to an increase of 6.4% in 2022, according to a report by Mercer.