Medical & Prescription Rx
Medical
Medical benefits costs are increasing at more than 3 times the rate of wages.
Our goal is to provide your company with the most cost effective comprehensive medical programs available. Once the plan has been implemented, Cambridge will continue to be proactive in seeking ways to improve your plan wherever possible.
Cambridge Medical Benefits services include:
- Plan design and costs
- Cost Sharing
- Provider network (Geo-access)
- Alternative funding options
- Employee communications
- Complete marketing and carrier selection
- Plan implementation
- Plan administration
Prescription Rx
Prescription drugs are an integral part of health care services in preventing and treating illness and helping to avoid more costly medical problems. Rising costs of prescription drugs create a challenge for health plans to contain their overall costs. Increased costs in prescription drugs in the future are expected to be offset by increased availability and use of lower-cost generic drugs, more tiered co-payment drug plans, fewer blockbuster drugs and more drugs shifting to over-the-counter status.
Large or Small - We Have a Plan for You
Large companies (more than 400 employees) often experience substantial cost savings on group health insurance through self-funding of medical benefits. Self-funding permits you to develop a customized benefits program that meets the needs of your employees and allows you to closely regulate your expected risk and control future group health insurance costs.
Small companies usually see best results by relying on a fully insured arrangement for the delivery of group health insurance medical benefits. We can help you determine which medical benefits arrangement is the best match for your company and its employee population.
