Articles and Media Coverage

UBA Survey sees a rise in use of 4-tier plans

Data from the 2014 United Benefit Advisors (UBA) Health Plan Survey released Tuesday shows a substantial increase in the use of 4-tier plans that usually cover the highest cost drugs and major increases in corresponding median copays.

Thursday, August 27, 2015/Number of views (902)/ Article rating: No rating
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4-Tier (or More) Drug Plans on the Rise

Employers are offsetting ‘specialty’ drug costs through higher premiums and co-pays

The findings are based on responses from 9,950 employers sponsoring 16,967 health plans nationwide, surveyed in the latter half of 2014 by United Benefits Advisors (UBA), an alliance of independent benefit advisory firms.

Thursday, August 27, 2015/Number of views (799)/ Article rating: No rating
Categories: SHRM

Employers add drug plan tiers to address proliferation of specialty drugs

With the cost of pharmaceuticals consuming an ever-increasing proportion of health benefit expenditures, many employers are responding by adding pricing tiers to their drug plan designs. The move is being driven partly by the exorbitant cost and increasing utilization of specialty drugs.

Thursday, August 27, 2015/Number of views (732)/ Article rating: No rating
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Increasing HR’s DOL-Audit Awareness

When it comes to audits of organizations’ employee-benefit plans, a recent federal report shows there’s much more work to be done, and experts say HR leaders can play a vital role in defending against threats to workers’ nest eggs.

A recent Employee Retirement Income Security Act report from the Department of Labor's Employee Benefits Security Administration titled Assessing the Quality of Employee Benefit Plan Audits suggests that audit deficiencies are putting a large number of benefit plans and participants at risk.

Tuesday, June 30, 2015/Number of views (1739)/ Article rating: No rating
Categories: General

United Benefit Advisors Welcomes Sullivan Benefits as Its Newest Partner Firm

Massachusetts Agency of Highly Experienced Professionals Joins Network of Independent Employee Benefits Advisory Firms Spanning North America and Europe

United Benefit Advisors (UBA), the nation’s leading independent employee benefits advisory organization, is pleased to welcome Sullivan Benefits as the latest Partner Firm. Founded in 1998 and headquartered in Worcester, Massachusetts, co-owners Gary R. Goodhile, CLU and Chrystine M. Heier, CEBS, LIA left their benefit careers in the public sector to support the mid-sized employer’s benefit programs with the client-first mindset they had always truly embraced.

Wednesday, May 20, 2015/Number of views (378)/ Article rating: No rating
Categories: General
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