Deductible Health Insurance Pharmaceutical 
InterWest Insurance Services
AUGUST 15, 2024
As prescription drug costs continue growing and pricey new pharmaceuticals add to health plans’ cost burdens, some carriers are starting to reduce the number of medications they’ll cover and are imposing new barriers to accessing the most expensive ones. This is referred to as a pharmacy deductible.
InterWest Insurance Services
AUGUST 31, 2023
A new report by Aon warns employers to expect average group health insurance costs to increase 8.5% in 2024, as inflation starts hitting the cost of delivering care as well as pharmaceuticals. However, some pharmaceuticals cost much more. The cost hike is almost double the 4.5% increases employers saw in 2022 and 2023.
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Griffin Benefits
JULY 5, 2023
In fact, after raising the prices of more than 1,400 prescription drugs in 2022, pharmaceutical companies started 2023 off with a 5% increase for more than 450 medications. One solution means looking inward: transitioning from the fully funded model of healthcare benefits to self-funded health plans featuring stop-loss insurance.
InterWest Insurance Services
FEBRUARY 8, 2024
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. in 2023, according to the Mercer “National Survey of Employer-Sponsored Health Plans.”
InterWest Insurance Services
JUNE 22, 2023
That includes those on employer-sponsored group health plans and plans purchased on a government-run exchange. The changes mean some or many of your employees will see significant reductions in their pharmaceutical outlays, particularly if they have high copays or deductibles. One-quarter of them pay $105 a month.
InterWest Insurance Services
DECEMBER 10, 2024
These drugs, known as GLP-1s, are contributing to a significant spike in pharmaceutical costs and adding to overall health care outlays. increase in health insurance costs, even after implementing cost-reduction measures. The full list price for Ozempic was $969 in the fall, down 9.7%
InterWest Insurance Services
DECEMBER 26, 2024
These drugs, known as GLP-1s, are contributing to a significant spike in pharmaceutical costs and adding to overall health care outlays. increase in health insurance costs, even after implementing cost-reduction measures. The full list price for Ozempic was $969 in the fall, down 9.7%
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