Drug Prices Under the Microscope—How Federal Pressure Could Impact Indiana Group Health Insurance
The federal government has launched a major effort to bring down the cost of prescription drugs in the United States. The newly announced executive order takes aim at the price gap between what Americans pay for medications and what those same drugs cost in other developed nations. As a health benefits consultant working across Indiana, […]
Skip Deductibles, Keep Savings: New Indiana Group Health Insurance
If you run a company with fewer than 50 employees, you already know the drill for Indiana Group Health Insurance: limited carrier competition, rising hospital costs, and very little hands‑on service. In many Midwestern markets, brokers report that the “under‑50” segment is practically ignored, leaving owners to fend for themselves on price and plan design. […]
Replacing IU Health Plans: What Small Groups Need to Know
If your small business has been using IU Health Plans for group health insurance, you might already know about Anthem’s recent purchase of IU Health Plans. Because of this, IU Health Plans will not renew small-group policies in 2025. For many small businesses, this creates stress and worry—especially if you have employees who have ongoing […]
2024 Employee Benefits Survey: Key Insurance Trends for Employers
The 2024 SHRM Employee Benefits Survey highlights critical trends in employer-sponsored insurance benefits, emphasizing the growing importance of health, dental, vision, and specialty coverage in today’s workforce. As employee expectations evolve, businesses must stay competitive by offering comprehensive Indiana Health Insurance solutions. Key Findings on Employer-Sponsored Insurance Benefits 1. Health Insurance Coverage Remains a Top […]
2025 Drug Copays
One of the health insurance trends we see across all carriers is the increased cost of drug copays. Almost every plane has moved to a Tier 2 Copay of $50. For the last decade, tier 2 has averaged around $35-$40. When you look into health insurance, you’ll quickly realize that prescription drug tiers matter. Drug […]
A Guide to Indiana Group Health Insurance Renewals for Employers
Navigating the Indiana Group Health Insurance renewal process can feel overwhelming, especially with the rising costs and maintaining quality coverage for your employees. Tips on Navigating Group Health Insurance 1. Start Early: Renewal Timeline The renewal process typically starts 60 to 90 days before plans renew. This window gives you enough time to review your […]
IU Health Plans to be Acquired by Anthem
IU Health Plans is a local insurance company owned by Indiana University Health, a non-profit healthcare system. IU Health Plans launched in 2013, offering health insurance plans to individuals, families, and employers. IU Health had a short run with Individual health insurance plans through the ACA. They offered competitive plans with rich coverage. However, IU […]
Indiana Hospitals Rank #8 as Most Expensive in the Country
A recent study by the Rand Corporation (https://www.rand.org/pubs/research_reports/RRA1144-2.html) Hoosiers Pay More Than Three Times the Medicare Reimbursement Rate for Health Care The Rand study, conducted from 2020 to 2022, is a comprehensive analysis of medical claims data from a diverse population of privately insured individuals and hospitals across the United States. This study’s findings, which […]
GLP-1s will no longer be available through Caremark Mail Service
CVS Caremark is a pharmacy benefit manager (PBM) and a third-party administrator of prescription drug programs. PBMs are primarily responsible for processing and paying prescription drug claims, negotiating discounts and rebates with drug manufacturers, and managing pharmacy networks for health insurance plans, employers, and government programs. CVS Caremark has over 100 million members who utilize […]
Navigating The Death of an Employee
Managing grief in any setting is a profoundly personal experience that doesn’t follow a set timeline or pattern. As an owner/HR/manager, supporting your team through a loss can be challenging but crucial for maintaining a healthy and compassionate work environment. Here’s a comprehensive guide on what to expect and how to navigate the grieving process […]
