Wellfleet Insurance Removes Cost Barrier to Life Saving Overdose-Reversal Medications for Student Health Plan Members
SPRINGFIELD, MASS. (Feb. 17, 2021) – Wellfleet Insurance will offer student health plan members access to Narcan and naloxone at no cost in 2021, as part of its industry-exclusive student drug formulary.
Wellfleet, a Berkshire Hathaway insurance carrier, is allowing current student health plan members one dose per year of either Narcan nasal spray or a generic naloxone injectable from in-network pharmacy providers at no out-of-pocket cost, effective Jan. 1, 2021.
Opioid and drug-related overdoses have surged amid the pandemic, with 40+ states reporting increases in opioid-related mortality, according to the American Medical Association. By age group, the CDC says young adults aged 18 to 25 are most prone to abusing prescription drugs.
“We’re seeing the opioid crisis reaching college campuses across the country,” said Jennifer Stevens, Director of Pharmacy at Wellfleet. “While Wellfleet has worked with pharmacy providers to ensure the safe, appropriate use of opioid prescriptions, we realized we needed to provide easy access to this life-saving medication.”
While first responders carry Narcan, it’s often friends, family, or bystanders who discover an individual experiencing an opioid overdose – and response time is crucial. Administering Narcan is a simple process that requires little training, but its typical cost of $50 or more per dose is a barrier.
“Adding Narcan at $0 copay empowers students to easily equip themselves with medicine that can save lives, on and off campus,” said Stevens.
To learn more about Wellfleet’s proprietary Student Formulary or its Rx solution, visit https://wellfleetrx.com/students/. For more information on this benefit, visit https://wellfleetstudent.com/behavioral-health/wellfleets-student-focused-response-to-surging-opioid-crisis/
Wellfleet Insurance is a Berkshire Hathaway company focused on delivering customer-centric insurance solutions through flexible product offerings and quality service. With an A++ financial strength rating from A.M. Best, Wellfleet’s goal is to protect people against risk throughout every stage of life — from grade school to college, the workplace, and beyond.
Headquartered in Springfield, Mass., Wellfleet was founded in 1993 and is one of the leading providers of health and accident insurance products to the higher education market. Additionally, Wellfleet’s Workplace division delivers high-quality, customizable benefit solutions through a suite of voluntary products, including Accident, Critical Illness and Short-Term Disability Income insurance. For more information, visit www.wellfleetinsurance.com
Wellfleet is the marketing name used to refer to the insurance and administrative operations of Wellfleet Insurance Company, Wellfleet New York Insurance Company, and Wellfleet Group, LLC. All insurance products are administered or managed by Wellfleet Group, LLC. Product availability is based upon business and/or regulatory approval and may differ among companies.