Open enrollment is upon us. If your employer offers more than one plan and you are like a majority of others, you’ll just reenroll in the same plan. It may not be perfect, but it’s working pretty well. Not so fast. On the surface, it may look identical to what you have this year, but… Continue reading Will Your Prescription Drugs Be Covered Next Year? Better Check!
Maybe soon. What exactly is a biosimilar drug and what makes it like a generic? Where do you find biosimilar drugs? Are they like biologics? Biologics are specialty drugs available in the United States to treat a variety of conditions from anemia to multiple sclerosis to rheumatoid arthritis. These medicines make up a small but… Continue reading Are Biosimilars the New Generics?
You’ve read about specialty drugs. But what makes them special? Are they covered by all health insurance plans? Do you need them? Should your plan cover them? Should you be concerned? While there is no standard definition of specialty drugs (except under Medicare), specialty drugs are expensive medications often used to treat chronic illnesses such… Continue reading Health Insurance 101: Specialty Drugs
For most individuals, it’s open enrollment season. Bombarded with words like deductible, coinsurance and formulary, employees will be comparing their employer sponsored plan offering with an eye towards selecting an alternative, better coverage for 2015. An employer may only offer one plan; another employer several. One important component that is present in almost all employer… Continue reading Your Health Insurance: Tierful Prescription Drug Coverage?
It may be if it covers specialty drugs. Why is this an important component of a health insurance plan? You checked the drug formulary: no problem. Everything is covered. Be careful. Prescription drugs have long been an important component of any health insurance plan. Most prescriptions (primarily generic substitutes) in employer sponsored plans have a… Continue reading Is Your Health Insurance Plan Special?
Prescription drugs have long been an important component of employer sponsored health insurance plans. Most prescriptions have a co pay in the $10-$20 range, however more recently there have been drugs with higher copays, and other drugs that aren’t covered at all, meaning the entire cost is paid for by the individual. Having a higher… Continue reading Prescriptions: Is a Specialty Drug in Your Future?