United Benefit Advisors Insight and Analysis Blog

UBA Survey Finds Self-Funded Pharmacy Plans Have Increased Nearly 30 Percent in Five Years

Posted by: Bill Olson    Sep 8, 2015 3:51:33 PM

As a result of the Patient Protection and Affordable Care Act (ACA) triggering cost increases for fully insured employer-sponsored health insurance plans, more employers are moving to a self-funded model for pharmacy plans, particularly among large employers (1,000+ employees), according to the 2014 United Benefit Advisors (UBA) Health Plan Survey.

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Topics: ACA, health plan benchmarking, health care reform, PPACA Affordable Care Act, pharmacy benefits, UBA Health Plan Survey

Pharmacy Copays in Upper Tiers on the Rise, Coinsurance on the Rise

Posted by: Bill Olson    Aug 11, 2015 12:00:00 PM

PrescriptionUBA recently released new pharmacy data from the 2014 UBA Health Plan Survey which shows a significant increase in the use of 4-tier plans. UBA also released the findings related to pharmacy copay design. Not surprisingly, the majority (67.8 percent) of prescription drug plans utilize copays.

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Topics: pharmacy benefits, UBA Health Plan Survey, multi-tier prescription drug plans, pharmacy copays, health plan trends, health plan design

Employers Use of Multi-Tier Pharmacy Benefits Continues to Rise

Posted by: Bill Olson    Aug 3, 2015 4:50:30 PM

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.

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Topics: pharmacy benefits, UBA Health Plan Survey, prescription drug plans, multi-tier prescription drug plans