Feb 2, 2024 | Announcements, Compliance, Form 1094, Form 1095, IRS, News, Regulatory
Last year, the IRS finalized rules requiring all employers filing ten (10) or more returns to make those filing electronically, via the IRS’ e-File system. The 10-form threshold is determined based on the total number of forms the employer is required to file with the...
Nov 9, 2023 | Announcements, Flexible spending accounts (FSAs), IRS, News
On November 9, the IRS announced cost-of-living adjustments for FSAs. The annual employee contribution limit will increase to $3,200 in 2024, up from $3,050 in 2023. If your FSA allows a carryover of unused amounts, the maximum carryover amount is $640 in...
Oct 31, 2023 | COVID-19, Dental, Medical, News, Pharmacy, Premiums, Prescription, Primary Care, Specialist, Telehealth, Vision
Average annual premiums for U.S. employer-sponsored single and family health insurance coverages both rose 7% in 2023, according to a survey conducted by KFF and published in Health Affairs. While the increase is higher than in recent years, it is generally in line...
Sep 29, 2023 | Announcements, Biosimilars, Humira, MedBen Rx, News, Perigon Pharmacy 360, Ventegra
Here’s some cost-saving news for MedBen Rx clients who use Ventegra as their processor. On July 1, 2023, biosimilar products were released for the popular and expensive anti-inflammatory therapy, Humira. A 30-day supply of Humira, which is used to treat a...
Sep 1, 2023 | Announcements, ISO, Kurt Harden, News, Quality
MedBen has successfully completed a re-assessment audit of its ISO 9001 procedures and has achieved recertification, according to company President and CEO Kurt Harden. Independent auditors from ISO consulting firm Intertek reviewed MedBen’s compliance with...
Jul 24, 2023 | Compliance, Department of Labor, Mental Health, News, Regulatory
On July 10, 2023, the United States Office of Management and Budget (OMB) received the Department of Labor’s newly proposed Mental Health Parity regulations. This latest installment in health plan Mental Health Parity compliance is expected to be released in the near...