United Benefit Advisors News and Press Releases

Employers Use of Multi-Tier Pharmacy Benefits Continues to Rise

Posted by: Bill Olson    July 29, 2015 at 12:00 PM

UBA Survey Finds Number of 4-tier Plans Have Increased Nearly 142 Percent in Five Years

 

Most employers have been using multi-tier prescription drug plans for many years, but new data released from the 2014 UBA Health Plan Survey shows a significant increase in the use of 4-tier plans, which typically cover the highest cost drugs, as well as major increases in corresponding median copays -- a trend that is expected to continue, according to UBA.

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Topics: employers, Carol Taylor, United Benefit Advisors, Les McPhearson, multi-tier pharmacy benefits, UBA Survey, Mark Bagnall, BAGNALL, Pamala McIntire, Mark Kmety, Mesirow Financial, Kathy Thomas, Mike Mulqueeney, Johnson & Dugan Insurance Services Corporation, D & S Agency, Reames Employee Benefit Solutions, Elizabeth Thomas, Albers & Company, TrueNorth Companies