With prescription drug costs continuing to soar, Pharmacy Benefit Managers (PBMs) are key to helping self-funded health plans manage their Rx spend. However, navigating the complex and evolving PBM landscape can be challenging. To help employers gain insight and transparency into their PBM strategy, Berkley Accident and Health has launched PBM Checkup, an innovative program for employers with self-funded health plans.
Leaf Health is proud to partner with Berkley Accident and Health to empower companies with an independent evaluation of their PBM strategy.
PBM Checkup At-a-Glance:
Empowers groups with insight and transparency into their PBM strategy
Available to Berkley Stop Loss policyholders, including members of its EmCap Group Captive programs
Ideal 4-6 months prior to renewal
Policyholders who complete the program can qualify for a Stop Loss renewal credit of
UP TO 2% 1
How the Program Works
Check Up Starts Before Renewal:
Before the start of the renewal process, the policyholder and broker connect with Leaf Health. The policyholder provides required data (current PBM, claims data) to the Leaf team.
Analysis:
Leaf performs an in-depth analysis of the claims data, comparing current PBM to other available solutions.
Repricing Report:
The policyholder receives the report and shares it with Berkley before renewal period starts.
Rating Credit:
At Renewal Berkley receives the report and applies the Stop Loss renewal credit.
To learn more about what PBM Checkup can deliver for you and your clients, fill out the brief form below to reach out!
1 Any pricing consideration is subject to change without prior notice and may not be available in all states. Stop Loss policies are underwritten by Berkley Life and Health Insurance Company and/or StarNet Insurance Company, both member companies of W. R. Berkley Corporation and rated A+ (Superior) by A.M. Best. Not all products and services may be available in all jurisdictions, and the coverage provided is subject to the actual terms and conditions of the policies issued. Payment of claims under any insurance policy issued shall only be made in full compliance with all United States economic or trade and sanction laws or regulation, including, but not limited to, sanctions, laws and regulations administered and enforced by the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”).