January 6, 2023
We all know that the cost of brand-name prescription drugs is rising every day. In fact, estimated retail prices for brand-name prescriptions are more than two to four times higher in the U.S. than in other countries.
To put this in perspective, the average price of brand-name prescriptions is around $353 for Medicare Part D and $218 for Medicaid. If a person needs a prescription every month, they could end up paying up to $4,236 per year—and that’s if they’re only paying the average….
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December 2, 2022
The holiday season is the happiest time of year for many people, but not everyone. That’s especially true this year. People have a lot on their plates, from the threat of an economic recession to war in Ukraine and, in some cases, pressure to return to offices they haven’t seen in a few years.
For some, these factors could exacerbate feelings of depression during an already stressful time of year. In fact, 64% of people with mental illness report the holidays make their conditions worse, according to the National Alliance on Mental Illness. Another study found that 88% of Americans are stressed during the holidays.
How can we help them?…
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November 2, 2022
The past couple of years have been challenging for everyone, especially adolescents. A recent report from the Centers for Disease Control and Prevention (CDC) found that students who reported adverse experiences during the COVID-19 pandemic were twice as likely to experience poor mental health and six times more likely to report suicidal behaviors….
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October 12, 2022
HR managers play a significant role in choosing employees’ health insurance benefits, but it’s become increasingly important for them to involve the financial side of the house in that decision. With rising interest rates and the possibility of a market correction soon, every dime companies spend will be under the microscope, including the funds allocated for health coverage. It’s critical that HR managers align with their organizations’ CFOs on what type of coverage to provide to their employees—and at what cost….
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September 13, 2022
Did you know that medical debt is the most common collection type on consumer credit reports? According to the Consumer Financial Protection Bureau, medical debt made up 58% of all collections tradelines in Q1 2021. Total consumer medical debt is estimated to be anywhere from $81 billion to $140 billion, with up to 35% of American adults carrying some form of medical debt. More debt means fewer people seeking medical care, which negatively impacts everyone….
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