New Financial Parameters for the Quebec Prescription Drug Insurance PlanLinkedIn
There, in black and white
NB Bulletin Vol 17 N. 7, July 2014
On July 1 each year, the Régie de l’assurance maladie du Québec adjusts the financial parameters applicable to the public prescription drug insurance plan to take into account the increase or decrease in plan costs.
The table below presents that changes that will apply to all individuals covered under the public plan, with the exception of:
All financial parameters are increased this year. It is interesting to note that the copayment has not been adjusted since July 1, 2009.
Upward impact on private group insurance plan costs
Because private group insurance plans do not typically apply the same parameters or the same set of cost control measures that apply to the public plan, we do not anticipate important financial impact on private plans.
Cost control measures for private plans
Even though Quebec’s Act respecting prescription drug insurance includes rules to be followed for private plans, it is also possible to introduce certain cost control measures in relation to these plans. However, these measures call for a process with the insurer. You can review the summary of our approach for controlling prescription drug costs by clicking here (available in French only).
Please feel free to contact us for additional information.
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