Open Enrollment 2024: How to Communicate Pharmacy Benefits to Your Employees
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...
Strategies for Employers to Reduce Healthcare Costs as Insurance Premiums Rise
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....
Pharmacy Benefit Tiers Explained: Essential Insights for Employers
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...