Zocdoc: Find & Book Doctors
New to the area and don’t know anyone? Download the app and within 2 minutes find the perfect PCP, Specialist or Pediatrician. Zocdoc is the beginning of a new healthcare experience. Find doctors you love, read real reviews, book appointments instantly, and more with this award-winning app. Features • See neighborhood doctors in your insurance […]
Rx Management – CoPay Accumulator Programs
With Accumulator Programs the manufacturer’s payments no longer count toward a patient’s deductible or out-of-pocket maximum. Employers and health plans could potentially save big money because accumulators shift a majority of drug costs to patients and manufacturers. Normally, a manufacturer’s payments from a copay program count toward a patient’s deductible and annual out-of-pocket maximum. Once […]
IRS ANNOUNCES REVISED 2018 HSA CONTRIBUTIONS LIMITS
Update: Posted on April 27, 2018 The Internal Revenue Service (IRS) has re-established $6,900 as the 2018 health savings account (HSA) contribution limit for individuals with family coverage under a high deductible health plan (HDHP). Original Post on March 7, 2018 The IRS has announced the limits for HSAs have been revised for 2018. The adjustments are the […]
Pill Pack – Helping Employees Manage Medications
Taking multiple medications? Having trouble remembering what and when you took those medications? Looking for a simple solution? Statistics show 40M American adults take more than 5 prescriptions every day, but 50% don’t take their meds as prescribed. PillPack is a service that can help. No need to sort medications, wait in line at the […]
“Cadillac Tax” and Health Insurance Industry Fee Delayed in Spending Bill
A major victory in the continuing resolution that is keeping the federal government funded. The package included an additional two-year delay of the Cadillac Tax on employer-sponsored health insurance plans until 2022 and a moratorium in 2019 of the Health Insurance Tax on all plans. Previously suspended for 2016 and 2017, the 2.3% excise tax […]
IRS will NOT accept 1040 without ACA Health Coverage Reporting
Employee Benefit Advisors recommends companies inform employees of the following. – The original announcement came out in October 2017, however EBA thought it would be a good reminder to post at this time. Reminder: The new tax law does not actually repeal the individual mandate. It eliminates the penalty (penalty is zero) starting in 2019, […]
IRS Guidelines – Indexed for 2018
FICA Social Security Tax is 6.2% on income up to $128,400 up from $ 127,200 Medicare Tax unlimited 1.45% to Unlimited High Deductible Health Plans Minimum Annual Deductible (Individual/Family) $1,350 / $2,700 Maximum Out-of-Pocket Limit (Individual/Family) $6,650 / $13,300 Health Savings Accounts Individual / Family $3,450 / $6,900 IRS announced change to $6,850 March 5, […]
Obamacare Driving New Wave of Hospital Bankruptcies
Health-care bankruptcy filings have more than tripled this year according to Bloomberg, and an index of Chapter 11 filings has reached record highs (industry companies with more than $1 million of assets). It’s expected that for 2018 the trend will increase; hospitals and other medical companies are likely to restructure their debt or file for […]
Pharmacogenetics
Pharmacogenetics allows prescribers and pharmacists to understand how medications react differently in the body based on an individual’s metabolism. Best Practice PBMs are able to apply the results of a fast and easy-to-administer pharmacogenetics test to enhance member safety, improve treatment outcomes and prevent wasteful drug spending. The science of pharmacogenetics utilizes precision medicine, which […]
PBM – Looking for transparency?
Are you contracting with a large PBM because they offer great discount? You might want to rethink your strategy and look to smaller PBMs with complete transparency. Perhaps it’s time to consider a pharmacy benefits administrator that offers the following: A straight forward pricing model with no hidden revenue generators such as spread pricing. Look […]