blue cross blue shield copay accumulator

Optum Rx Copay Card Solutions is a suite of two programs designed prevent manufacturer assistance programs from disrupting your benefit plan. It doesn’t seem right that one member can meet their deductible essentially ‘for free’ using a copay card, while their co-worker has to spend their own money to meet the same deductible. This puts plan sponsors in an uncomfortable position. But copay assistance only applies to members who take specific drugs. If each plan member pays the same premium, they should get the same coverage. This effectively reverses the cost incentives built-in to the HDHP design.Īll of this points to a basic question of fairness. For example, if a plan has a $2,000 deductible, and a copay card pays the $2,000 cost share, the deductible would be met immediately. The same is true for plan sponsors who utilize a high deductible health plan (HDHP). That effectively reduces the monthly copay to zero, which is not the intention of the plan design.

If the member has a $100 monthly copay, the copay card offsets that entire amount. Take a specialty drug that costs $4,000 per month. Copay assistance can significantly disrupt these plan designs. But in order to work, the benefit plans have to work the way they were intended. 4 Copay assistance presents challenges for plan sponsorsĮmployers take a great deal of care to design prescription drug plans that best meet the needs of their employees and their business. This amount was spread across over 669 programs among 253 different manufacturers - a 48% increase since 2016. Copay assistance dollars for commercially insured plans tripled from $6 to $18 billion just between 20. 3Ĭopay assistance programs are a significant and growing presence in the specialty drug world. Researchers from Harvard, Kellogg and ULCA business schools calculate that consumers pay up to $2.7 billion more for health care because of copay assistance. Overall, individual consumers wind up paying more, not less. Those increased costs are passed along to members in the form of higher premiums.

Unfortunately, when coupon programs drive increased sales of high-priced drugs, employers and insurers must pay for them. One study found that for every $1 million invested in coupons, pharmaceutical manufacturers realized more than $20 million in profits. 1Īs tools, coupons are extremely effective. This may circumvent plan sponsors' formulary strategy, as the presence of a copay card means patients may not have financial incentive to utilize a lower-cost preferred therapy. Drug manufacturers use them to steer insured patients toward their medication. Ĭopay coupons, at their core, are a marketing tool. Manufacturer copay assistance programs help insured patients afford expensive prescription drugs by covering part or all of a member’s deductible and copay for certain medications. Drug maker copay cards can disrupt your benefit strategy unless you act.Īs drug costs continue to rise, drug manufacturers have designed ways to reduce the out-of-pocket costs for patients.

Blue cross blue shield copay accumulator