- Home
- Multi-Employer Services
- Health and Welfare Benefits
- Prescription Drug Benefits
Prescription Drug Benefits
Rapidly rising prescription drug costs are driving overall increases in the cost of health coverage. Segal can help multi-employer funds manage the cost of prescription drug coverage through a variety of services, including:
- Evaluating and negotiating annual renewals
- Reviewing utilization and cost data to discover ways that the plan can more effectively provide prescription drug coverage by making plan design changes
- Reviewing the contract to evaluate whether the terms are competitive
- Reviewing prescription copays and/or coinsurance and targeting copays to encourage individual health management
- Evaluating generic prescription drug utilization.
- Implementing a tiered plan design using copays or coinsurance