Checked Your Formulary?

“Formulary? I didn’t even know I had one,” you might say. “What is a formulary?” Your formulary is the list of approved medications for which your health insurance will pay full policy benefits. The amount of benefits varies under all policies, based on whether the drugs are generic or single-sourced under patent protection. Naturally, the…

12/13/13 Insurers Strongly Encouraged

Let me get this straight. In the continuing effort to fix things, Health and Human Services (HHS) has strongly encouraged insurers to do the following things: 1. Pay claims for folks who have not yet purchased health insurance by paying their premiums. 2. Treat out-of-network health care providers as if they were in network. 3.…