Month: October 2024
Employers offering prescription drug benefits to their employees have an important annual duty: by October 14th each year, they must notify Medicare-eligible employees and their Medicare-eligible dependents whether their plan’s drug coverage is “creditable” or “non-creditable” as compared to a standard Medicare Part D drug plan. This notice not only informs employees and their dependents ...
As employers face rising costs, many are looking to rethink plan designs rather than emphasize shifting expenses to workers, according to a new WTW report.
The layoffs will be focused on corporate jobs, not frontline pharmacy, retail, or distribution workers, but more dramatic changes could be coming soon
During fall, pumpkins become a popular household decoration. They are often carved, decorated and displayed for passers-by, but did you know they could be carved and put right on your dinner plate, too? Pumpkin is often used in treats such as cookies, pies, cheesecakes and as a flavoring in sugary drinks. It can also be ...
Average premiums and benefits for Medicare’s prescription drug program and private Medicare plans are projected to remain stable in 2025 with premiums slightly declining, the Centers for Medicare and Medicaid Services said on Friday. WHY IT’S IMPORTANT The premiums are of interest to consumers enrolled in Medicare Advantage plans run by private insurers who are ...
The already fragile medical supply chain is facing more stress this week, after Hurricane Helene ravaged a huge Baxter International plant in North Carolina that makes IV fluids for many U.S. hospitals. Why it matters: While the damage hasn’t been totaled up, and the company says it’s lining up backup plants and making other contingencies, the closure of ...
The Biden administration is once again trumpeting the Medicare Prescription Drug Inflation Rebate Program to prove to voters it is lowering drug prices. Through the program, 54 drugs will be less expensive for Medicare enrollees because of a lower Part B coinsurance rate from Oct. 1 through the end of the year. This is because ...
The “vast majority” of the nation’s 67 million seniors eligible for Medicare health insurance won’t shop around for coverage options, let alone switch plans, a new analysis shows. KFF’s new research, which comes before open enrollment begins Oct. 15 for various Medicare coverage options for 2025 including Medicare Advantage, shows that 69% of those eligible Medicare beneficiaries did ...
Most Americans don’t plan to get vaccinated against the flu or COVID-19 this season, a new survey has found. Fewer than two in five U.S. adults (38%) say they will definitely get a flu jab, and only one in four (26%) say they’ll get the updated COVID vaccine, according to a survey released Wednesday by the National Foundation for Infectious Diseases. ...
On September 27, California Governor Gavin Newsom signed into law two bills that will impact health care service plans and insurers in the state. AB 3275 – Health Care Coverage: Claim Reimbursement AB 3275 amends, repeals, and adds California Health and Safety Code §§ 1371, 1371.34, 1371.35, Insurance Code §§ 10123.13, 10123.147, and Welfare and ...