United Benefit Advisors Insight and Analysis Blog

Which Employers Are Incentivizing Generic Drugs Over Brand Name?

Posted by: Bill Olson    Aug 4, 2016 10:30:00 AM

According to UBA’s new Special Report – Trends in Prescription Drug Benefits, 61.8% of plans required employees to pay more when they elect brand-name drugs over an available generic drug (a 5.5% increase from 2014); 37.9% of those plans require the added cost even if the physician notes “dispense as written.” On the other hand, only 1% of plans offer no coverage for brand-name drugs if generics are available and 37.2% offer no added cost coverage. So while most employers aren’t completely penalizing those who choose brand-name drugs, more and more plans are requiring employees to pay higher copays when they elect brand-name drugs.

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Topics: UBA Health Plan Survey, prescription drug cost, Scott Deru, prescription drug trends, brand-name vs generic drugs

Employers Split on Whether to Self-Fund Prescription Drug Plans

Posted by: Bill Olson    Jun 30, 2016 10:30:00 AM

On average, 11.9% of prescription plans are self-funded, with the vast majority (88.1%) of employers choosing to fully insure their prescription plans, according to UBA’s new Special Report: Trends in Prescription Drug Benefits, based on data from the latest UBA Health Plan Survey of more than 10,000 employer-sponsored health plans. Although self-funding has increased 9% from the past survey year, the move to self-funding is slow but positive among small groups (10 to 199 employees), while large groups are actually moving away from this model.

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Topics: self-funding, UBA Health Plan Survey, prescription drug plans, prescription drug cost, Scott Deru