Aug 22, 2020 | Cost Savings, MedBen WellLiving, Preventive Care
MedBen WellLiving quality metrics beat national averages by 17.2%. And WellLiving clients are not only performing better on quality metrics, they’re also performing better financially: Claim costs per employee for WellLiving clients trended at 3.2% between 2016 and...Aug 21, 2020 | Announcements, Consumer-driven Health Plans, Flexible spending accounts (FSAs), MedBen Access, MedBen WellLiving, Preventive Care, Wellness
MedBen will be closed on Monday, September 7 in observance of Labor Day. We will reopen at 8:00 a.m. EST Tuesday, September 8. Even when we’re closed, MedBen Access stays open. You can find fast answers for your claims and benefits questions by going to our online...Jul 23, 2020 | Compliance, MedBen Analytics, MedBen WellLiving, Preventive Care, Reference-Based Pricing, Wellness
Now that one-third of MedBen’s block of business uses some form of reference-based pricing (RBP) or direct-to-employer (DTE) contracting, these alternative reimbursement strategies are outperforming standard PPO plans in multiple ways. In terms of costs, MedBen...Jul 20, 2020 | Cancer, MedBen WellLiving, Savings, Self-funding, Wellness
A new study predicts that annual costs associated with cancer treatment are expected to exceed $245 billion by 2030, nearly a 34% increase from 2015 billing. Specifically, medical care costs are expected to grow to $221 billion, with prescription drugs adding another...May 3, 2020 | Cost Savings, MedBen Rx, MedBen University, MedBen WellLiving, Municipalities, Reference-Based Pricing, Trend, Webinars
From 2015 to 2019, MedBen’s municipality block saw just a 2.7% trend on total claim costs. At the 14th Annual Municipality Roundtable Webinar on April 30, Vice President of Sales & Marketing Brian Fargus shared that municipality medical costs trended at 3.4%...Mar 19, 2020 | Cost Savings, MedBen WellLiving, Preventive Care, Primary Care, Savings
Practicing timely preventive care saved MedBen WellLiving clients 7.8% on average per-employee claim costs in 2019 compared to non-WellLiving clients. According to the Agency for Healthcare Research and Quality (AHRQ), the top one percent of health care spenders...