PRESCRIPTION COVERAGE local resident. These packages tend to sail through customs without incident and land on people’ s doorsteps, the same as any other online order.
Going through qualified, so-called“ Tier 1” pharmacies, employees routinely fill their prescriptions for free with no co-payments and employers save big too on their prescription plans. One of the main goals of self-funded healthcare plans, of course, is to maintain better control over costs, which prescription outsourcing does in spades. Since ScriptSourcing has been in business, in fact, there has never been an employer who has changed its mind about enrolling in the program or who has received the wrong prescription or lodged even a single complaint. The program works smoothly and is a certified winner.
Not only are prescriptions far less expensive with ScriptSourcing but it can also turn treatment options into bona fide vacations. You may be undergoing treatment for a serious health condition, but wouldn’ t you rather do so amid the sunny beaches of the Cayman Islands than sitting at home, shivering through a Chicago winter? As part of the company’ s outsourcing protocols, if a treatment can be performed far less expensively by top physicians in other countries, the employee will be transported there, and the necessary transportation, housing, and medications will be provided. It may sound a little“ out there,” but in these types of situations, ScriptSourcing continues to work with some of the best doctors and the treatment facilities available.
There are a few caveats, however, in outsourcing a company’ s prescriptions this way:
• Prescriptions can be filled for no more than a 90-day supply.
• Packaging must be in English( All suppliers are in English-speaking countries to begin with.).
• Prescriptions can only be filled for personal use— not commercial interests.
• The drug cannot be a narcotic or“ lifestyle” drug.
• The medication must be FDA approved.
• A physician’ s prescription is required.
• Pharmaceuticals that are heat- or cold-sensitive cannot be processed.
You may be an employer that has gone the traditional route for years, working with one of the large domestic insurance carriers and automatically signing on to its prescription drug coverage. The fact is that although selfinsurance is perceived as the province of large employers only, many smaller companies have increasingly been taking the plunge as well. If you have never explored this option or have been too leery of the risks involved, it may be worthwhile to take another look. Consult with a benefits specialist who has experience in self-funding and find out if it might work for you too. +
Gary Becker has been a benefit consultant specializing in self-insurance since 1985 and is the CEO of Becker Benefit Group, Inc. and ScriptSourcing, LLC. In 2009, he created the first benefit captive in the Mid-Atlantic area, helping like-minded midsized employers transition from“ fully insured” to self-funded” to achieve transparency, control, and risk management. His tremendous success in risk management led to the formation of Scriptsourcing, LLC which is a solutions and engagement company helping employers slash the cost of maintenance name brand meds and specialty meds by 70-90 % while providing a $ 0 copay for health plan members. In 2017, Mr. Becker established Achieve Health Alliance which is an exclusive benefit consortium for highly proactive benefit consultants and employers.
BY: GARY BECKER CEO BECKER BENEFIT & SCRIPTSOURCING
31