Jul 28, 2019 | Announcements, Claims Management, Client Report, MedBen Analytics, MedBen Employees, MedBen Rx, MedBen University, MedBen WellLiving, News, Self-funding, Third party administration
“2019 marks the 30-year anniversary of Medical Benefits Administrators (MBA). The third party administrator began as a subsidiary… but has grown into our signature enterprise” states Kurt Harden, President and CEO of MedBen, in the 2019 Client Report. Over those 30...Jul 19, 2019 | Announcements, Health Savings Accounts (HSAs), High-Deductible Health Plans (HDHPs), IRS, News, Preventive Care
In response to President Trump’s Executive Order 13877, “Improving Price and Quality Transparency in American Healthcare to Put Patients First,” the Treasury Department and the IRS were directed to consider ways to expand the use and flexibility of Health Savings...Jun 12, 2019 | Announcements, Caroline Fraker, MedBen Employees, News, Self-funding, SPBA, Third party administration
MedBen Senior Vice President & Chief Privacy Officer Caroline Fraker was recently named Chair of the Society of Professional Benefit Administrators (SPBA) effective June 1, 2019. SPBA is the national association of third party administration (TPA) firms that...Jun 4, 2019 | Announcements, Consumer-driven Health Plans, Health Savings Accounts (HSAs), High-Deductible Health Plans (HDHPs), IRS, News
The IRS has announced its annual cost-of-living adjustments affecting health savings accounts (HSAs) for calendar year 2020. The annual limit on deductible contributions to an HSA will go up by $50 for individual coverage and $100 for families next year. HSA...May 31, 2019 | Announcements, MedBen Employees, News
MedBen recently presented donations totaling $15,434.70 – the culmination of multiple fundraising efforts – to the Food Pantry Network of Licking County. The Food Pantry will use the contributions to acquire, store, and distribute nutritious food to financially...May 19, 2019 | Announcements, Claims Management, Cost Savings, MedBen Rx Advocate, News, Prescription, Third party administration
MedBen medical and pharmacy claim costs rose only 0.4% per employee for clients in 2018, shattering national data norms that reported an average of 6% cost increases. Our pharmacy claim costs alone dropped 2.7% last year, due to the introduction our new program MedBen...