With drug costs skyrocketing advisors can offer employers a new tool to help lower costs.
Advisors can add a new weapon to employers’ arsenal in the battle against runaway prescription drug costs.
Industrial Alliance Insurance and Financial Services launched WebRx, which informs plan members if they are covered for a prescribed medication and estimates their reimbursement amount based on their benefit plan.
"WebRx is the drug tool that every plan member needs," said Jacques Parent, Senior Vice-President, Group Insurance at Industrial Alliance. "Plan members will be able to try it in their doctor's office and ask the right questions at the right time.”
The tool should help eliminate waste from the drug purchasing process by giving plan members tips to make informed choices such as opting for a generic version, if available, instead of a brand name drug.
Industrial Alliance Insurance and Financial Services launched WebRx, which informs plan members if they are covered for a prescribed medication and estimates their reimbursement amount based on their benefit plan.
"WebRx is the drug tool that every plan member needs," said Jacques Parent, Senior Vice-President, Group Insurance at Industrial Alliance. "Plan members will be able to try it in their doctor's office and ask the right questions at the right time.”
The tool should help eliminate waste from the drug purchasing process by giving plan members tips to make informed choices such as opting for a generic version, if available, instead of a brand name drug.
