Most Health Plans Provide Price Estimator Tools

America's Health Insurance Plans (AHIP) recently conducted a survey on health plan price transparency tools. Here are some key findings from the report:

·         Almost 3 in 4 health plans surveyed provide price estimator tools to members.

·         39% of these plans launched their price estimator tools more than 3 years ago.

·         4 in 5 of these plans choose which services to provide estimates for based on common procedures.

·         Most (71%) health plans provide estimates for physician services.

·         58% of plans included cost estimates for prescription drugs.

·         2 in 3 responding plans shared provider performance data with their enrollees.

Source: American Journal of Managed Care, February 16, 2016