United Benefit Advisors Insight and Analysis Blog

Employer Strategies for Managing Prescription Drug Costs

Posted by: Mary Drueke-Collins, FSA    Jul 20, 2017 9:46:29 AM

Modern medicines have resulted in longer, more productive lives for many of us. Prescription drugs soothe sore muscles after a strenuous workout or manage the conditions of a chronic disease. Unfortunately, this use of prescriptions drugs can come with a hefty price tag.

Americans are spending more money on prescription drugs than ever before and the United States as a nation spends more per capita on prescription drugs than any other country. With the cost of some drugs exceeding thousands of dollars for a 30-day supply, this can translate into financial hardship for many Americans.

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Topics: UBA Health Plan Survey, health plan design, prescription drug cost, prescription drug copays, coinsurance

Prescription Drug Copay Trends: Five-Tier Plan Benchmarks Emerge, Large Employers Hike Rates in Three-Tier Plans

Posted by: Bill Olson    Aug 16, 2016 10:30:00 AM

UBA’s Special Report – Trends in Prescription Drug Benefits explores our Health Plan Survey findings in more detail, particularly examining what’s happening with prescription drug plan design among different group sizes, regions and industries. When it comes to copay amounts, median retail prescription drug copays are $10/$30 for two-tier plans, $10/$35/$55 for three-tier plans, and $10/$35/$60/$100 for four-tier plans. These amounts have remained largely flat from 2014.

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Topics: UBA Health Plan Survey, multi-tier prescription drug plans, prescription drug cost, prescription drug trends, prescription drug copays