Alliances and Partnerships, Business, Insurance, Travel and Tourism

Seven Corners Travel Insurance Plans Now Available Through Travellinsurance.com Marketplace

NEW YORK, N.Y. -- TravelInsurance.com is pleased to welcome Seven Corners Travel Insurance to its leading travel insurance comparison marketplace. Travelinsurance.com offers travelers the easiest way to compare and buy travel insurance from top global travel insurers online. Seven Corners' award-winning trip protection plans represent a valued addition to TravelInsurance.com's product offerings.

"We are thrilled to introduce Seven Corners Trip Protection plans," says Stan Sandberg, co-founder of TravelInsurance.com. "We have strategic relationships with many world-class carriers, enabling us to provide exceptional coverage options for travelers, and now with Seven Corners joining our platform, we can deliver even more innovative insurance products and services for those traveling within the US and abroad."

Seven Corners Travel Insurance offers customized insurance and 24/7 emergency medical and travel assistance services for individuals and groups. The company's Trip Protection Basic and Choice plans provide an optimal mix of coverage and value, including Cancellation and Interruption for Any Reason options with both plans.

"We are excited to partner with TravelInsurance.com to offer our award-winning plans," says Justin Tysdal, CEO and Co-Founder of Seven Corners. "Travel insurance isn't just protection; it's peace of mind. It enables customers to enjoy their travels, without worrying about the what-ifs. From unexpected detours to unforeseen challenges, they are safeguarded."

To compare and buy travel insurance or for more information and travel tips, visit https://www.travelinsurance.com/.

About Seven Corners:

For more than 30 years, Seven Corners Travel Insurance has offered customizable trip protection and travel medical insurance for domestic and international customers, whether they're taking a once-in-a-lifetime trip or are frequent travelers in need of annual coverage. Seven Corners knows the unexpected can occur any time, anywhere. That's why they provide travelers with the best coverage and support - so they'll be prepared when "Trip Happens."

About TravelInsurance.com:

TravelInsurance.com helps simplify the complicated world of travel insurance by providing consumers with the easiest way to compare and buy trip insurance coverage online. A member company of the U.S. Travel Insurance Association, TravelInsurance.com is owned and operated by DigiVentures Holdings, LLC, a licensed agency that works with some of the largest travel insurers in the industry. Purchases can be made directly through the TravelInsurance.com website, with policies sent by email within minutes.

Related link: https://www.travelinsurance.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Business, Insurance, Travel and Tourism

Leading Travel Insurance Comparison Site TravelInsurance.com Has Surpassed 100,000 Customer Reviews on Shopper Approved

NEW YORK, N.Y. -- TravelInsurance.com today announced surpassing 100,000 customer reviews on Shopper Approved, a rapidly growing review platform in the United States. The verified reviews led to a 4.9 out of 5 stars rating, with over 96,000 perfect 5-star ratings. TravelInsurance.com has the highest third-party reviews in the travel insurance industry.

Shopper Approved reviews for TravelInsurance.com come from verified customers who recently purchased a travel insurance policy. Customers can leave an unbiased review of their experience with TravelInsurance.com. As a result, new visitors can trust the authenticity of the reviews and have confidence in the service provided by TravelInsurance.com.

Travel insurance helps protect against the unexpected while safeguarding the consumer's financial investment in their trip. Unfortunately, travelers often deal with websites that are not transparent and only offer generic coverage from a single insurance provider. Instead, TravelInsurance.com offers travelers the needed flexibility in choosing policies with sufficient coverage that meet their budget.

TravelInsurance.com disrupted the travel insurance industry with a user-friendly platform enabling shoppers to search, compare, and purchase from highly rated insurance providers. Travelers can also choose add-on coverage, see any coverage limits, required deductibles, and more. The platform simplifies the online shopping process, and customers can easily research and buy their policies securely through TravelInsurance.com's website at the guaranteed lowest price. Once purchased, the new travel insurance policy is sent within minutes to the customer by email.

TravelInsurance.com is committed to providing the best service and policies possible to its customers. Comprehensive travel insurance can help recoup costs that are otherwise lost to the consumer, whether due to lost baggage, medical emergencies, trip delays, trip cancellation or trip interruption.

Today's announcement illustrates the trusted reputation of TravelInsurance.com with more than 100,000 reviews on Shopper Approved. To view TravelInsurance.com's reviews on Shopper Approved, please visit https://www.shopperapproved.com/reviews/travelinsurance.com.

To compare and buy travel insurance or for more information and travel tips, visit https://www.travelinsurance.com/.

About TravelInsurance.com

TravelInsurance.com helps simplify the complicated world of travel insurance by providing consumers with the easiest way to compare and buy trip insurance coverage online. A member company of the U.S. Travel Insurance Association, TravelInsurance.com is owned and operated by DigiVentures Holdings, LLC, a licensed agency that works with some of the largest travel insurers in the industry. Purchases can be made directly through the TravelInsurance.com website, with policies sent by email within minutes.

Related link: https://www.travelinsurance.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Alliances and Partnerships, Business, Insurance, National Life Group, olympian Chaunte Lowe

Alliance Group and Four-Time Olympian Chaunté Lowe Join Forces for 2024 Living Benefits Awareness Month, National Life Group Joins as Co-Sponsor

LAWRENCEVILLE, Ga. -- Alliance Group, a leading IMO in the insurance industry, is thrilled to announce an exciting partnership with four-time Olympian and American high jump record holder, Chaunté Lowe, for Living Benefits Awareness Month (LBAM) in January 2024. In a demonstration of their shared commitment to spreading consumer awareness about Living Benefits, National Life Group has also stepped in as a co-sponsor of this pivotal event.

Living Benefits Awareness Month serves as a vital platform to underscore the significance of Living Benefits insurance policies, emphasizing the importance of consumers having Living Benefits features built into their life insurance policies that allow access while they're still living if they suffer a covered critical illness, critical injury, or chronic illness. Alliance Group, in conjunction with Chaunté Lowe, is proud to introduce her as the official spokesperson for LBAM, adding a new dimension to this important cause.

Chaunté Lowe boasts an impressive athletic career, with four Olympic Games appearances, solidifying her position as a prominent figure in American high jumping history. Beyond her sporting achievements, Chaunté is a symbol of unwavering determination and resilience. In 2019, she courageously faced and overcame breast cancer, a testament to her remarkable strength. Chaunté's Living Benefits policy, which she had put in place just two years prior to her diagnosis, provided her a "shining ray of light and hope" in knowing that her policy would provide an additional layer of financial security during her cancer battle.

"When I was offered this opportunity to have a platform to share the importance of owning Living Benefits, I was so excited to get started," said Lowe. "Every family, business, or person who can qualify for them must know what Living Benefits are and how they bring financial protection against life's most difficult health challenges. I'm talking about real cash money in your hands, during the crisis when you need it most. I'm so proud to join Alliance Group in this campaign to get the message of Living Benefits Awareness out there."

Alliance Group, in its seventh annual LBAM, is taking the event to new heights by featuring Chaunté Lowe in an engaging social media campaign. Alongside this, the company will unveil a host of shareable videos, all showcasing Chaunté's inspirational career, cancer battle, and passion as the first-ever LBAM spokesperson. Comprehensive customizable websites, email campaigns and a suite of resources are being made available to Alliance Group's partnered independent life insurance agents and agencies, empowering them to actively participate in LBAM throughout January to spread the word.

"Chaunté Lowe's extraordinary journey, from her remarkable sporting career to her triumphant battle against breast cancer, makes her the ideal ambassador for Living Benefits Awareness Month," noted Samuel Howe, CMO at Alliance Group. "We are thrilled to have Chaunté as our official spokesperson and are grateful to National Life Group for their invaluable support in making this partnership a reality. Together, we are dedicated to highlighting the importance of Living Benefits insurance, ensuring individuals and families are better prepared for life's unexpected challenges."

National Life Group is equally enthusiastic about co-sponsoring this initiative. "Since 1848, National Life Group's mission has been to bring peace of mind to our policy holders and their families," shared Matt Frazee, EVP/CMO, National Life Group. "We've always believed that life insurance should offer more than the expected, and we're excited to join Alliance in helping to shine a light on the power of life insurance with Living Benefits."

For further details about Living Benefits and LBAM, visit https://livingbenefits101.com/.

About Alliance Group:

As "The Living Benefits IMO," Alliance Group provides independent agents and agencies across the United States with superior marketing and training solutions. Since 1998, Alliance Group has been helping its partners spread awareness about Living Benefits life insurance, while also helping them solve their clients' puzzles regarding tax-free retirement, mortgage protection, small business planning, estate planning needs, and more. More information about Alliance Group and its services can be found at https://www.alliancegrouplife.com/.

About National Life Group:

National Life Group® is a trade name of National Life Insurance Company, founded in Montpelier, Vermont, in 1848, Life Insurance Company of the Southwest, Addison, Texas, chartered in 1955, and their affiliates. Each company of National Life Group is solely responsible for its own financial condition and contractual obligations. Life Insurance Company of the Southwest is not an authorized insurer in New York and does not conduct insurance business in New York.

Living Benefits are provided by riders, which are supplemental benefits that can be added to a life insurance policy and are not suitable unless you also have a need for life insurance. Riders are optional, may require additional premium and may not be available in all states or on all products. This is not a solicitation of any specific insurance policy. All policies are subject to their specific terms and conditions.

Related link: https://www.AllianceGroupLife.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Business, Free News Articles, Insurance, Internet and Websites, Long Term Care, Product Launches

LTC News Introduces New Comprehensive National Long-Term Care Provider Directory

LA GRANGE, Ill. -- LTC News, a premier online destination for news and information on aging, caregiving, health, long-term care and retirement planning, announces the launch of an extensive online long-term care directory.

This new resource connects individuals and families to a host of quality long-term care providers across the country. The initial directory will include more than 75,000 listings spanning a wide range of care options. There are plans for directory expansion in the months ahead.

Users can explore listings for:

* Home Care Providers

* Adult Day Care Centers

* Assisted Living Facilities

* Memory Care Facilities

* Rehabilitation Centers

* Nursing Homes

* Group Homes

* Hospice Care Organizations

* Occupational Health Care Centers

"The LTC News caregiver directory bridges a significant gap and offers a comprehensive tool for families in search of the best care solutions," Matt McCann, president and CEO, LTC News, says.

This user-friendly directory allows people to conduct searches filtered by care type, distance and amenities. Unlike other platforms that might be restricted to specific care providers or require payment for access, LTC News provides a reliable, broad and inclusive tool for finding quality care options for free.

"There's a pressing demand for such a comprehensive service and LTC News has a solid reputation for providing resources to those seeking quality care solutions or help with planning for aging," McCann says.

As the aging population grows, so does the need for assistance with daily living activities and specialized care for conditions such as dementia. The LTC News directory serves as a crucial resource in these challenging times. It helps families search for caregiving support and facilities while also offering tools and resources to plan for the costs and challenges associated with aging.

The complete directory is accessible here: https://www.ltcnews.com/care.

Additionally, caregiver providers and facilities are invited to claim and enhance their listings at no cost. Additional enhancements can be added for a modest fee. Marketing and advertising options are available too.

McCann adds, "Securing access to quality care is vital for enhancing the quality of life for our aging population, whether it's for aging parents or for future personal needs. This directory is a significant step towards that goal."

LTC News has also combined efforts with Amada Senior Care, a leading in-home health care agency with locations throughout the country, to help individuals navigate long-term care insurance policies and claims. There is no cost or obligation for the service. Amada also assists with developing care plans and finding in-home care solutions.

Finally, the LTC News Cost of Care Calculator is an ideal tool that can help people to find the median cost of various long-term care services throughout the United States. It's also a good tool to use when designing a long-term care insurance policy.

About LTC News:

Established in 2015, LTC News serves as a digital hub, offering a wealth of information, tools and resources tailored for individuals aged 45 and above, as well as their families, as they navigate the evolving challenges of aging in the 21st century.

Committed to empowering its audience, LTC News provides actionable insights and support across topics such as aging, caregiving, health, long-term care, and retirement planning, facilitating informed decisions for a better tomorrow.

MORE INFORMATION:

LTC News: https://www.ltcnews.com/

LTC News Provider Directory: https://www.ltcnews.com/care

LTC News Cost Calculator: https://www.ltcnews.com/resources/states

LTC News Long-Term Care Insurance Claims Resources: https://www.ltcnews.com/resources/insurance-companies/long-term-care-insurance-claims

Amada Senior Care: https://www.amadaseniorcare.com/

Related link: https://www.ltcnews.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Books and Publishing, Business, Free News Articles, Insurance, Product Launches

Insurance Industry Pioneer Releases Hybrid Guidebook on Building a Profitable Insurance Agency

LOS ANGELES, Calif. -- Inspirational entrepreneur Tim Gaspar has re-launched his debut book "The Biggest Leap: Building a Profitable Insurance Agency from the Ground Up" (ASIN: B0C3JGZZQR).

In "The Biggest Leap," Gaspar takes readers on a captivating journey, chronicling his remarkable rise from being on the brink of bankruptcy at the age of 20 to achieving immense success in the insurance business by understanding the industry and emphasizing people management. Gaspar draws on a lifetime of entrepreneurial experience, and the lessons and insights they taught him, in order to craft a book that contains key ingredients for building a successful insurance agency.

Throughout the book, Gaspar shares his own hard-won methodologies that propelled him from his personal rock bottom to a successful exit worth tens of millions of dollars by the time he reached 40. In the book, Gaspar avoids the typical get-rich-quick schemes and instead offers genuine principles for building a thriving insurance agency. Primarily, Gaspar stresses the importance of having all major corporate decisions benefit the business, team and customer at once, with the intention of creating sustainable long-term value:

"As I started an agency and opened different offices, I valued having full control over my time, allowing me to spend precious moments with my family," Gaspar says. "I wrote this book to help people build the insurance agency of their dreams. It's not about quick money; it's about building a business that generates millions of dollars in commission revenue and profitability."

Grounding these principles are lessons from Gaspar's life, illustrating that his journey was inspired by both his stepfather, a successful life and health insurance agent, and his late father, whose influence motivated Gaspar to make an impact as a positive, hardworking individual.

While "The Biggest Leap" is certainly a guide to building a successful business, it is also a testament to what Gaspar calls one of the best industries in the world. As he explains, the insurance industry has no inventory concerns and plenty of recurring revenue-all of which offers aspiring entrepreneurs everywhere a unique opportunity to create lasting value.

"The Biggest Leap: Building a Profitable Insurance Agency from the Ground Up" is now available on major platforms, including Amazon and Barnes & Noble. For more information on entrepreneurship, Gaspar offers additional free resources on https://thebiggestleap.com/.

Related link: https://thebiggestleap.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Alliances and Partnerships, Business, Free News Articles, Insurance

Alliance Group and AIMCOR Group announce strategic partnership to educate and expand awareness around the ‘living’ benefits of life insurance

LAWRENCEVILLE, Ga. -- Alliance Group, a leading Insurance Marketing Organization based in Lawrenceville, Georgia has forged a strategic partnership with AIMCOR Group and announced its intent to become a member of AIMCOR Group, LLC, a National Insurance Marketing Organization that distributes and services life, disability, LTC and annuity products through a variety of independent, institutional, and alternative channels.

Through this new partnership, Alliance Group will bring its highly touted Living Benefits marketing and training programs to AIMCOR members, while instantly bolstering their own infrastructure with the arsenal of technology, relationships, and business support AIMCOR provides to its members.

"AIMCOR has built a really impressive suite of services and tools that are going to help Alliance Group provide instant value to our agents," said Lee Duncan, Alliance Group's CEO. "Their forward-thinking business philosophies and emphasis on technology really aligned with what we've been doing at Alliance Group for years, which became obvious from our very first meeting. We are really fired up about where this partnership will lead both of our organizations in both the short- and long-term."

"We could not be more excited for adding such a unique arrow in our distribution quiver and offering our members the tools and infrastructure to expand their presence in one of the fastest-growing life insurance market segments," said John Ziambras, AIMCOR Group's President & CEO. "Alliance Group's visionary leadership will greatly accelerate our mission of building what needs to be there for many years to come."

About Alliance Group:

As "The Living Benefits IMO", Alliance Group provides independent agencies and their agents with superior marketing and training solutions. Since 1998, Alliance Group has been helping partners spread awareness about Living Benefits life insurance, while also helping them solve clients' tax-free retirement, mortgage protection, small business planning, and estate planning needs. Alliance Group is considered the industry's foremost leader in Living Benefits life insurance. To learn more about Alliance group, visit https://www.alliancegrouplife.com/.

About AIMCOR Group:

AIMCOR Group is a national insurance distribution organization that is committed to making a difference in the lives of its members, advisors, and consumers by enabling new distribution, engaging consumers and delivering financial security to American families across all ages, income levels and cultural background while introducing excitement to the industry by way of its relentless focus on innovation, expansion, diversification, and profitability. To learn more about AIMCOR Group, visit https://www.aimcorgroup.com/

Related link: https://www.AllianceGroupLife.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Business, Free News Articles, Insurance

Dovenmuehle appoints Patricia McCarthy as Vice President of Insurance Administration

LAKE ZURICH, Ill. -- Dovenmuehle Mortgage, Inc. (Dovenmuehle), a leading mortgage subservicing company, announced that it has hired Patricia McCarthy to be the company's new vice president of insurance administration. In this role, McCarthy will oversee Dovenmuehle's insurance department with responsibility for hazard and flood insurance administration, loss drafts, research and the insurance department call center.

"Insurance is a critical component of the mortgage servicing process, requiring keen attention to detail and a firm grasp of the regulations governing it across all levels," said Dovenmuehle Senior Vice President Glen Braun. "Patricia brings a wealth of experience in managing the complex, highly regulated financial aspects of mortgage operations, making her an idea choice to oversee these critical escrow functions."

An industry veteran, McCarthy has worked with every aspect of the mortgage process during her career. Prior to joining Dovenmuehle, McCarthy held the position as vice president of mortgage warehouse lending at Hinsdale Bank for more than 10 years. While at Hinsdale Bank, she managed two divisions within the department, over $1 billion in warehouse lines of credit and 25 clients, moving upwards of $40 million per day. Throughout her more than 30-year career, McCarthy has managed compliance, mortgage operations, loan processing and customer service departments.

"As one of the longest-standing mortgage subservicers, Dovenmuehle's reputation for stability, compliance and excellence is well known," McCarthy said. "I welcome the opportunity to join such an outstanding organization and contribute to its on-going success and growth."

About Dovenmuehle:

Founded in 1844, Dovenmuehle (Lake Zurich, Illinois) is a mortgage subservicer for commercial banks, credit unions, independent mortgage lenders, MSR investors and state housing finance agencies nationwide. The company subservices portfolio loans, as well as loans sold to Fannie Mae, Freddie Mac, Ginnie Mae and the Federal Home Loan Bank with servicing retained.

Using a combination of best-in-class and proprietary technology, Dovenmuehle helps lenders reduce servicing costs and deliver consistently high levels of service to homeowners while maintaining compliance with investor and regulatory requirements.

Learn more at https://dovenmuehle.com/.

Related link: https://dovenmuehle.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Free News Articles, Insurance, Travel and Tourism

Travel Insurance Advisory for 2023 Hurricane Season

NEW YORK, N.Y. -- Hurricane season is underway and just off the Gulf of Mexico, Tropical Storm Arlene has become the first named storm of the season. With the summer travel season picking up across the country, TravelInsurance.com is taking the time to remind travelers the importance of protecting their trip costs.

The hurricane season lasts from June 1 to November 30, and while the National Oceanic Atmospheric Administration (NOAA) forecasters are predicting a "near-normal" hurricane season in the Atlantic, they still estimate 12 to 17 total named storms with winds of 39 mph or higher, including 1 to 4 major hurricanes with winds of 111 mph or higher.

While there is no doubt the possibility of hurricanes are disconcerting, it is hard to predict when and where they will hit, leaving travelers to weigh the risks with the rewards of traveling to their desired destination.

With the right protection, however, travelers don't have to limit their destination choices. By purchasing travel insurance, travelers can protect their money invested in a trip in the event a hurricane disrupts their travel plans. Most trip cancellation plans can be purchased for as little as four percent of the entire cost of the trip. TravelInsurance.com makes finding the right insurance easy, by letting users compare and buy travel insurance online from top-rated providers, at the guaranteed lowest price, tailored specifically for their needs.

"Traveling during the hurricane season adds an element of risk to one's trip. Travel insurance can eliminate the worry of an unforeseen event causing you to lose your hard-earned money," said Stan Sandberg, co-founder of TravelInsurance.com. "And travelers should not wait to buy a policy, because once a storm is named, it's too late to purchase travel insurance to protect against the named storm."

Here are some tips to keep in mind when booking this hurricane season:

* Consider when, and where you are traveling. Hurricane season is long and there will be many storms. The areas most affected are along the U.S. East Coast and Atlantic region. Travelers flying into or out of these regions should consider purchasing travel insurance in case their flights get grounded and they can't make it to their destination.

* Flexibility. With inflation causing rising prices in the travel industry, travelers need to have the option to change their mind about their plans. For the most flexibility, a Cancel for Any Reason (CFAR) optional upgrade will give you the ability to cancel for any reason whatsoever.

* The location of where you are staying. It's important to consider the location of your destination and if your resort, hotel or rental could be in the path of a hurricane. Some travel insurance policies will provide trip cancellation and trip interruption protection in the event of a NOAA-issued hurricane warning at your destination.

Vacationers who invest in travel insurance can potentially save thousands of dollars in the event of a hurricane.

For more information, please visit: https://www.travelinsurance.com/

RELATED LINKS:

https://www.travelinsurance.com/hurricane-travel-insurance/

https://www.noaa.gov/news-release/2023-atlantic-hurricane-season-outlook

Related link: https://www.travelinsurance.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Business, Drugs and Pharmaceuticals, Free News Articles, Insurance, Reports and Studies

Trends in Drug Benefit Design Report Released by Pharmaceutical Strategies Group (PSG)

DALLAS, Texas -- Pharmaceutical Strategies Group (PSG), an EPIC company, is pleased to announce the launch of its Trends in Drug Benefit Design Report. The report delivers innovative research on the latest trends in the traditional (non-specialty) drug benefit. Sponsored by Rx Savings Solutions, it outlines the complexities of designing and managing the drug benefit and the cost challenges faced by consumers and plan sponsors alike.

KEY HIGHLIGHTS OF THE FINDINGS INCLUDE:

* Plan sponsors are grappling with the potential cost of weight loss drugs.

With respondents divided on weight loss as a lifestyle or chronic condition, 43% cover FDA-approved weight loss medications, and 28% may do so in the next 1-2 years.

"Employers are concerned about affordability, as well as the long-term side effects resulting from chronic use," commented Michael Medel, PharmD, Senior Vice President and Practice Lead Plan Sponsors. "While there is recognition of the positive health benefits of weight loss, the data is lacking today to support any significant cost-offset of those benefits."

* Most plans use more than one type of trend and utilization management program, such as prior authorization and refill too soon limits, but these programs can present challenges.

Growing percentages of respondents cited cost and cumbersomeness as barriers to utilization management programs. Two-thirds of respondents wanted more transparency and accountability in these programs, and over half expressed interest in new offerings for tracking and controlling utilization.

* Major advancements have been made in gene and cell therapies over the past 5 years, and as the pace of change increases, interest in financial protection products is growing.

Nearly all (91%) respondents have heard of gene therapy financial protection products. While just 7% currently use these products, nearly half are considering it.

"With a robust cell and gene therapy pipeline, plan sponsors are seeking ways to mitigate the financial risk these expensive therapies present while also ensuring access for their members. Although few are currently using cell and gene therapy financial protection products, many are considering it. This will be an interesting trend to watch in the coming years," noted Morgan Lee, PhD, MPH, CPH, Senior Director, Research & Strategy, PSG.

* Plan sponsors recognize the need to reduce wasteful drug spend.

A little over half of plans (53%) take steps to identify and reduce wasteful spend in the formulary; that percent rising to 75% when isolating the data to health plans. Blocks, exclusions, and use of programs and reporting from their PBM are among the most common steps they take to address this problem.

* The monetary impact of cost-sharing strategies on consumers has spurred a focus on transparency.

The promotion of cost-sharing transparency tools to help members manage expenses continues to rise, from 28% in 2018 to 63% in 2023.

"We are honored to once again sponsor this insightful report, which highlights the importance for plan sponsors to evolve the pharmacy benefit," said Michael Rea, PharmD, Founder and CEO of Rx Savings Solutions (RxSS). "This year, there is a noticeable undercurrent of change in the market. Consumers and patients whose share of prescription drug costs continue to grow are searching for relief and turning to sources both within and outside of the traditional drug benefit. It's a goal all of us in the pharmacy benefit ecosystem to help advance the benefit in ways that produce greater access and affordability, all while controlling spend."

Since the inception of this report, the drug benefit has become more intricate to design and manage. With many new drugs coming to market, decisions around program structure, formulary design, cost sharing, and trend management become increasingly challenging and important. This report helps benefit leaders identify trends and future possibilities so they can adjust as appropriate around these factors and more.

Download the "Trends in Drug Benefit Design" Report: Trends in Rx Benefit Design | Rx Savings Solutions (rxss.com): https://rxss.com/benefit-design-report-2023/

About the 2023 Trends in Drug Benefit Design Report:

The Trends in Drug Benefit Design Report provides in-depth insights into traditional (non-specialty) drug benefit trends and strategies and focuses on drug benefit design for the 2023 benefit year among employers, union/Taft-Hartley, and health plan respondents. The survey sample informing this report included 180 benefits leaders. Issues specific to specialty drugs are included in a separate report - Trends in Specialty Drug Benefits. This report as well as prior annual reports conducted by PSG can be found at https://www.psgconsults.com/research.

About Pharmaceutical Strategies Group (PSG):

Pharmaceutical Strategies Group, an EPIC company, relentlessly advocates for clients as they navigate complex and ever-changing drug cost management challenges. PSG functions as a strategic partner through industry-leading intelligence and technologies to realize billions of dollars in drug cost savings for clients every year. Learn more: https://www.psgconsults.com/

About Rx Savings Solutions - Report Sponsor:

Rx Savings Solutions ("RxSS"), part of McKesson Corporation, works on behalf of everyone who takes prescription drugs and the health plans and employers who cover them. Founded by a former retail pharmacist, RxSS helps members reduce out-of-pocket prescription costs and a health plan's pharmacy spend. The solution layers on top of an existing pharmacy benefit and analyzes individual claims to identify and present cost-saving alternatives to each member. Our member engagement platform notifies members proactively anytime they have prescription savings available. Visit https://rxss.com for more information.

Related link: https://www.psgconsults.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Business, Education and Schools, Free News Articles, Insurance

Alliance Group CEO Lee Duncan Appointed to UGA’s Terry College Alumni Board

LAWRENCEVILLE, Ga. -- Lee Duncan, President and CEO of Alliance Group, has accepted an invitation to serve a three-year term on the University of Georgia's Terry College of Business Alumni Board, effective July 1, 2023.

The Terry Alumni Board, acting in an advisory capacity to the Dean and faculty of the University of Georgia Terry College of Business, carries a noble cause of fostering a continual affiliation between former students and the institution. Duncan's commitment to community building, coupled with his remarkable achievements in the business world, make him a valuable addition to the Board.

In his new role, Duncan will support Terry programs and activities, participating in numerous initiatives such as the Alumni Awards and Gala, Student of the Year, Terry Third Thursday, and the Women's Conference. He will serve not only as a mentor to current students and young alumni but also as a promoter of the institution's philanthropic priorities.

"Lee's passion for the Terry College of Business and the University of Georgia is tremendous," said Jason Huggins, incoming Terry Alumni Board President. "We look forward to his contributions and service as we continue to grow our engagement with Terry Alums around the country."

Duncan's appointment reaffirms the Terry College of Business' commitment to engaging its alumni in active roles that enhance the quality of education, network opportunities, and overall student experience.

About Lee Duncan:

In his time at Alliance Group, the life insurance marketing organization has flourished, establishing themselves as a leading IMO for independent life insurance agents and agencies. Since joining the company in 2003, Lee has played an integral role in the growth and development of Alliance Group, from a $8m production total in 2003 to a record $56m in 2022. With more than 5,000 independent agents nationally, Alliance Group is currently protecting over 150,000 American families with more than $30 billion of Living Benefits coverage.

About Terry College of Business:

The Terry College of Business at the University of Georgia is the state's flagship business school. Terry offers a range of undergraduate, graduate, and doctoral programs, equipping students with a strong foundation in business principles and the opportunity to develop specific expertise in a specialized area.

About Alliance Group:

As "The Living Benefits IMO," Alliance Group provides independent agents and agencies with superior marketing and training solutions. Since 1998, Alliance Group has been helping life insurance agency partners spread awareness about Living Benefits life insurance, while also helping them solve clients' tax-free retirement, mortgage protection, small business planning, and estate planning needs. Alliance Group has an A+ rating on BBB. The company's main website is https://www.alliancegrouplife.com

Related link: https://www.AllianceGroupLife.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022