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!
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?
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?