While spending by families for their annual employer-sponsored health insurance coverage grew an average of only three percent this year – that rate was made possible by a large increase in the movement of workers into high deductible insurance plans, the Kaiser Family Foundation reported earlier this week.
At the same time, the successful introduction of an insurance-covered first step at-home treatment for infertility continues to hold down healthcare costs for employers, insurers, and consumers alike.
The Conception Kit® at-home system is an FDA cleared, drug- and hormone-free infertility treatment that couples can get with a prescription for a $30-$75 co-pay (under many insurance plans). About 60 percent of insured individuals in the U.S. already have reimbursable access to the Conception Kit through their pharma benefits manager (including Express Scripts, CVS/Caremark, and others) and it is available at more than 65,000 pharmacies in the U.S., including Walmart, Target, Walgreens, and Rite Aid.
The FDA required clinical trials on placement of the Conception Kit’s Conception Cap (a cervical cap used for insemination at home) and instructions by patients. During the trials, 24 percent of the patients got pregnant during the first 30 days.
By comparison, many historic infertility treatment options can prove costly. For example, a single cycle of in-vitro fertilization (IVF) costs $12,500 on average, according to the American Society for Reproductive Medicine, and is not always covered by insurance. And while advancements have been made in IVF treatment, patients who elect this route to address infertility still face risks, including multiple births as well as premature births that can land newborns in the Neonatal Intensive Care Unit (NICU), and thereby drive up overall healthcare costs.
The Conception Kit provides three months of supplies (including 24 ovulation predictors, three pregnancy tests, along with the Conception Cap, and a number of additional proprietary aides) – that, in many cases, would cost more over-the-counter than the total amount of the co-pay. Even without a co-pay, the entire Conception Kit is available for $360.
“With out of pocket healthcare expenses continuing to climb, the Conception Kit offers millions of couples with an opportunity that they never had before to start a family,” Michael La Vean, President and Founder of Conceivex, maker of the Conception Kit, said.
Conceivex, Inc., manufactures and distributes the Conception Kit® at-home system, a safe, effective, FDA cleared, and reasonably priced healthcare product that helps couples overcome infertility in the privacy of their own home. The Conception Kit , which is covered by many insurance plans (including Express Scripts and CVS/Caremark), is obtainable with a prescription at Walmart, Target, Walgreens, Rite Aid, and 65,000 pharmacies nationwide. Find out more at www.conceptionkit.com, on Facebook at https://www.facebook.com/conceptionkit/, and on LinkedIn.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160916005067/en/Business Wire
Last updated on: 16/09/2016
PharmiWeb.com is Europe's leading industry-sponsored portal for the Pharmaceutical sector, providing the latest jobs, news, features and events listings.
The information provided on PharmiWeb.com is designed to support, not replace, the relationship that exists between a patient/site visitor and his/her physician.