Employee Benefits

Self-Insured Employers and Pharmacy Benefits

The COVID-19 pandemic has affected all sectors of the economy, including the pharmaceuticals. The majority of self-insured employers are not planning to make any changes in their pharmacy plans, even with the pandemic. A recent survey has found that 90% of self-insured employers are not considering reviewing their pharmacy plans. This percentage jumps to 100% for companies that have more than 1000 employees. Why is this? This article will look at what self-insured employers and self-insured companies are, how PBMs work, and more. What is Self-Insured Healthcare? Today many companies opt-out of utilizing a traditional insurance plan and instead are

Self-Insured Employers and Pharmacy Benefits2020-10-09T12:18:21-04:00

What Your Employee Benefit Plan Should Cost

What Should Your Employee Benefit Plan Cost? It can be expensive to ensure that you attract the best employees, but you need talented employees for a successful company. It is estimated that it costs $15,500 for health benefits per employee. This may affect your bottom line. Health benefit costs are rising much faster than wages. How can employers ensure benefits for employees while still keeping costs down?  There isn’t a singular answer to this question. Many companies and organizations are exploring different options and strategies to keep employee benefit plan costs down. You might consider meeting with a cost cutting

What Your Employee Benefit Plan Should Cost2020-09-02T16:10:45-04:00
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