Pharmacy Costs, Cancer Among Top Employer Considerations for 2024
A recent survey of large employers by the Business Group on Health revealed considerations that self-funded plans expect to focus on in the coming year, including: Pharmacy costs. High-priced drugs and overall pharmacy costs are a source of concern for over 90% of...
MedBen Client Saves 62% through Claims Review and Negotiation
A MedBen client realized an overall savings of 62% through repricing, forensic claims review, and provider negotiation. The client in question received a claim for IV infusion to a member with iron deficiency. After the PPO discount, MedBen saw an opportunity to...
MedBen Rx Portal Helps Members Find Drugs at the Best Prices
In addition to the pharmacy solutions MedBen Rx provides to lower employer drug spend, plan members also have a great resource to help keep their prescription costs down. The MedBen Rx Prescription Portal, available through MedBen Access online or via our mobile app,...
Weight Loss Drugs Continue to Pressure Health Plan Costs
In light of all the attention that weight loss drugs have received lately – as well as the pricing havoc these drugs have been causing in some pharmacy plans – the following news items have caught our attention: North Carolina says its health plan will...
Protecting Your Data Is a Team Effort
When you place your trust in MedBen, we pledge to never take that trust for granted... and when it comes to data security, we have always been vigilant. Here's why: Since 2016, health care ransomware attacks have resulted in downtime-related losses of more than $77...
MedBen Closed November 23 & 24 for Thanksgiving Holiday
MedBen will be closed on Thursday, November 23 and Friday, November 24 to celebrate Thanksgiving. We will reopen at 8:00 a.m. EST on Monday, November 27. Should you need claims and benefits information about your plan, our MedBen Access online service is available...
FSA Contribution Max Increases $150 in 2024
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...
Better Blood Pressure Begins at Home
As chronic conditions go, hypertension is one that many of us deal with on a daily basis. Nearly half of Americans adults in the U.S. suffer from high blood pressure, but only about 1 in 4 have the condition under control, many through the use of prescription drugs....
2023 FSA Deadline Is Fast Approaching
If your plan has a January effective date and you offer a flexible spending account (FSA), please remind your members that December 31, 2023 is the final day they can use their 2023 funds. The best way for FSA members to check their current balances is by visiting...
U.S. Employer Plan Premiums Increased 7% in 2023
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...
A High-Value Approach to Lowering Rx Spend
MedBen Rx's expanded pharmacy solutions offer a variety of ways to reduce your prescription drug spend... including appropriateness solutions that use clinical-based research to recommend the most effective drugs to your plan members. Comparative effectiveness...
MedBen Employees Celebrate Silver Anniversaries in 2023
Six MedBen team members are celebrating a noteworthy event in 2023… their 25th anniversaries with us! We’re proud of our long-time association with each one of them, and their contributions to our growth and continued success cannot be overstated. Below, we spotlight...