United Benefit Advisors News and Press Releases

Survey: Generic Drugs and Multi-Tiers Dominate Employer Sponsored Drug Plans

Posted by: Geoff Mukhtar    June 27, 2016 at 8:00 AM

United Benefit Advisors Releases New Special Report, “Trends in Prescription Drug Benefits”

Almost half (48.9 percent) of employer-sponsored prescription drug plans in America utilize three tiers, and 44.1 percent offer four or more, an increase of 34 percent from 2014 to 2015 and a 58 percent increase since 2013, according to the Special Report: Trends in Prescription Drug Benefits, from United Benefit Advisors (UBA), the nation’s leading independent employee benefits advisory organization. The report is based on data from the latest UBA Health Plan Survey of more than 10,000 employer-sponsored health plans.

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Topics: ACA, Les McPhearson, UBA Health Plan Survey, Affordable Care Act, multi-tier pharmacy benefits, prescription drug plans, prescription drug cost, Scott Deru

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