Healthcare costs are expected to grow 5.6% for a hypothetical family of four from 2022 to 2023, according to the 2023 Milliman Medical Index. That’s an increase from $29,424 to $31,065.
This year-over-year growth is increasing pressure on employers to provide employees with health coverage at an affordable price. One strategy your organization can look into is prescription drug coverage. Over the past month, HANYS Benefits Services has put the spotlight on how changes in coverage could help your company save and boost employee health in the long run.
Read our Benefits Toolkit: Prescription Benefits Drugs for a comprehensive synopsis. Then, top it off with our additional prescription drug and alternative therapies resources:
- Prescription drug pricing trends;
- How prescription drug importation can lower drug prices;
- What you should know about biolsimilars; and
- Managing costs with cell and gene therapy.
If you have questions or need assistance, contact us today. Our dedicated team of experts is ready to answer all of your questions to ensure you have the optimal employee benefits solution.