How prescription drugs are impacting your health insurance costs
Prescription drug costs have been on the rise for several years now, and this trend has had a significant impact on health insurance costs.
As the cost of Rx continues to increase, insurance companies are forced to pass these costs onto their customers, leading to higher premiums, deductibles, and out-of-pocket expenses.
The rising cost of prescription drugs can significantly impact your employees financially, particularly those with chronic conditions that require ongoing medication.
Your employees may also be forced to switch to lower-cost medications or go without their prescription altogether, which can seriously affect their health, attendance, and performance at work.
This week I published an article on LinkedIn going into more detail on this topic, but overall addressing the increasing costs of prescription drugs and health insurance costs will require a collaborative effort between you, your insurance carrier, and your advisor.
You can read the article HERE.
When we all work together to solve this problem, you can help ensure your employees can access the medications they need to stay healthy.
There are ways we can work together to tackle this within your health plan. Reach out or connect with me on LinkedIn, and I'll share strategies that have worked for our clients.
Best,
David
PS:?No matter what you do, don’t settle for doing what you've always done.??Make 2023 the year you demand more!?
Schedule a no obligation strategy call today.