Employee Benefits Blog

3 ways your employees can access medications for free - Part 1

Written by Mike Kroupa | Jun 11, 2024 9:53:37 PM

Last week we learned how employers can offer a voluntary program for their employees to access some medications internationally. Why do it? Well, when you can source a $25,000 a month drug for $7,500 and it's manufactured in the same place, there is good reason.

Not every employer may be comfortable with sourcing medications from other countries but there is 1 program that all self-funded employers should be taking advantage of right now and that is Manufacturer Coupons.

Historically, only the patients would benefit from these coupons but most pharmacy Benefit Managers (PBMs) now have programs where the "balance" of that coupon is maximized by applying it to plan dollars (YOUR $$$$).

If you want to learn more, watch the clip above.