Key Takeaways November is a key time for employees to understand and choose their pharmacy benefits, impacting their health and finances. Many employees find Open Enrollment overwhelming—simplified communication helps them make better choices. Start communication...
Key Takeaways Employer-sponsored health insurance premiums have increased by 6%, impacting both companies and employees financially. Managing healthcare costs is essential for companies to maintain financial stability without reducing the quality of employee benefits....
Key Takeaways Tiers group medications by cost to balance affordability and access, with most employers using three or four levels. Tiers help manage pharmacy expenses, which make up a large portion of healthcare costs, with PBMs negotiating prices. Tiers offer...
In today’s competitive job market, attracting and retaining top talent has become one of the biggest challenges for employers. While offering competitive compensation remains important, employees now seek more than just a paycheck. They are looking for companies that...
In today’s healthcare landscape, managing pharmacy spend has become a critical concern for employers and employees. With prescription drug costs steadily rising, the impact on company budgets and individual out-of-pocket expenses cannot be overstated. As these...
As we step into the second half of 2024, the landscape of healthcare and pharmacy benefits continues to evolve at a rapid pace. Prescription drug prices, accessibility, and affordability remain at the forefront of discussions, not only among policymakers but also...
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