$1,600,000.
That is the amount of total lasers that I was facing for one of my clients who had six employees on high cost pharmaceuticals at our first renewal together. Not too long ago, an advisor might have seen these numbers and thought “This sucks, but it is what it is.” But that's not so much the case anymore. After all, a high-cost claim on pharmacy can now be mitigated in many ways. There are manufacturers assistance programs, specialty carve outs, and globally sourced pharmaceuticals, to name a few. I'm personally pretty familiar with that last one, as I globally source my sons Epi-Pens from Canada.
Recommended For You
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
