Prescription Drug Plan Resources
Prescription Spend

By Kari Hoback, Senior Account Manager

April 5, 2023

If you have ever taken a deep dive into prescription drug plans and pharmacy benefits (or even dipped your toe in), you know it can be confusing and difficult to understand.  Rebates, step therapy, copay maximization, formulary, pass through, alternative funding, discounts…  What does all of this mean, and how do you know you are choosing the best options for your employees while also maximizing savings?

Watko Benefit Group has resources available to:

  • Analyze your current Pharmacy Benefit Management (PBM) contract and performance
  • Educate you regarding the various plans and programs that are available
  • Search the PBM marketplace to find a partner that will help meet your objectives
  • Oversee the ongoing performance of your chosen PBM and provide insights based on your specific plan data
  • Proactively monitor the ever-changing marketplace, and provide updates and new ideas as things evolve

Please contact us to learn more about these valuable resources.

Continue Reading

Benefits Navigation Platforms

Benefits Navigation Platforms

by Kari Hoback March 20, 2024 What do employees do when they have questions regarding their benefits?  Where can they go to find information? One solution is a benefits navigation platform that summarizes all benefit plans within one app,...

Growth

Growth

by Katie Mercurio February 29, 2024 At Watko, a focus on growth is a basic characteristic of our work culture. Having a growth mindset allows us to serve our customers better by learning new ways to improve practices, impact vendor performance, and...

Year-Round Plan Communication

Year-Round Plan Communication

by Jessica Hawkins February 15, 2024 For some employees, their annual open enrollment is the only time of year that they are engaged with their benefits. When employers place a focus on year-round benefits education, employees have the...