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.
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
United Benefit Advisors Health Plan Survey Finds Higher HSA Contributions Correlates to Increased Enrollment in High Deductible Health Plans
In 2014, employees saw a 10 percent decrease in their average single Health Savings Account (HSA) employer contribution from the previous year, from $574 in 2013 to $515 in 2014, according to new data released from the 2014 Health Plan Survey of United Benefit Advisors, the largest health benefits survey in the nation. Average family contributions also decreased 7 percent during the same period, from $958 to $890. Survey results reveal a correlation between enrollment in HSAs and Consumer Driven Health Plans (CDHPs), linking higher HSA contributions to increased enrollment in the cost-saving plans.
Topics: employers, HSA, survey, High Deductible Health Plans
