Amazon and the Prescription Question

Would you order prescription drugs through Amazon? That is one of the questions Amazon is likely trying to answer as they decide whether or not to create a pharmacy benefit manager (PBM), contract with an existing PBM, or possibly purchase one. Currently, three biggest PBMs in the United States are ExpressScripts, CVS Caremark, and Envision.

Managing Your Medical Costs

After over 25 years in the benefits industry, I have seen a lot of changes. Creating a strategy around your benefits program and executing that strategy is hard work, and the challenges and choices are increasingly complex. Best practice is to develop your strategy first which includes your financial objectives, risk tolerance, corporate readiness for […]

Employee Classification in a Gig Economy

If a worker is incorrectly classified as an independent contractor and is not offered health and welfare benefits, the company is liable and has to repay benefits back to the date they would have been eligible to participate. The IRS uses 20 different factors to determine whether a worker is an employee or an independent […]