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.

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Insurance Out of Pocket Cost Pharmaceutical Deductible 73

Benefit Resource Inc.

JANUARY 4, 2023

This is excellent news for employers and HR professionals who want to provide employees with access to affordable healthcare services. But what does this extension mean, and how can employers take advantage of it? This legislation extends through plan years beginning in 2024. HOW WILL THIS LAW AFFECT EMPLOYERS?

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Deductions Deductible Out of Pocket Cost Healthcare 40

InterWest Insurance Services

OCTOBER 20, 2022

The Centers for Medicare and Medicaid Services’ transparency rules were implemented to shine the light on what hospitals charge for their various medical services, the negotiated rates insurers have with health plans and the out-of-pocket costs enrollees can expect to pay for these services.

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Hospitality Out of Pocket Cost Insurance Medical 94

InterWest Insurance Services

JULY 6, 2023

The latest insurer to announce an expansion of its telemedicine offerings is UnitedHealthcare, which recently said it would eliminate out-of-pocket costs for its 24/7 Virtual Visits program for eligible members enrolled in fully insured employer-sponsored plans, starting July 1.

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Higginbotham

SEPTEMBER 16, 2024

Employees must pay the deductible out of pocket before the plan contributes to covered care costs. However, depending on the specific plan, preventive care may be covered before the deductible is met with no out-of-pocket costs. Employers, employees or both can contribute funds to an HSA in the same year.

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Deductions Deductible Health Savings Account Health Insurance 52

HR Professionals Magazine

JUNE 28, 2023

As the healthcare landscape has evolved to value-based care, employers, payers and pharmacy benefit managers (PBMs) have implemented new strategies to improve quality of care and affordability. Insulin prices have increased 600 percent over the last 20 years causing many consumers to be at risk of non-adherence due to cost.

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Healthcare Manufacturing Out of Pocket Cost Medical 52

Higginbotham

MARCH 17, 2022

1, 2024: A list of the remainder of all items and services is required for plan years beginning on or after Jan. Employer Takeaway. Employers with self-funded plans should work with their carrier/TPA to ensure compliance. Employer Takeaway. Links and Resources . Machine-readable Files.

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WEX Inc.

OCTOBER 17, 2024

As we approach the 2024 United States presidential election, Chris Byrd, senior vice president, health executive and, more broadly, head of Government Affairs at WEX, joined our Benefits Buzz podcast for an insightful conversation on how election years can influence employee benefits.

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InterWest Insurance Services

APRIL 22, 2022

House of Representatives has passed legislation that would cap the out-of-pocket cost of insulin at $35 a month for people with group or private health insurance. While the measure still has to face a vote in the Senate, it has broad backing after the cost of insulin has skyrocketed in recent years. How it would work.

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