HSA Plans Will See Significant Cost Reductions

In an article published in Benefits Pro, Marty Trussel says that HSA health plan enrollees with be the recipient of reduced out of pocket expense with the expired patents on some of the most widely used drugs for Cholesterol (Lipitor) , blood thinning (Plavix) and seven of the worlds best selling drugs. Our agency has recommended HSA plans to all businesses looking for California group health insurance.

A third of the expenses on HSA plans are for prescription drugs, so the availability of generic equivalents at a reduced cost for seven of the worlds 20 most popular medications is good news. The reduced out of pocket cost is accompanied by the possibility of reduced premiums for health plans.

Lipitor has a cost of $167 for a thirty day supply, while a number of chain stores like Target offer 30 day supplies of generic equivalents for $4. That is a cost saving for $2064 annually on one medication.