Exploring Your Plan’s Spousal Eligibility Limitation Options
Back about a decade ago, a big company adding spousal eligibility limitations to their health plan was actually headline news. But nowadays, it's an increasingly common practice, for several good reasons: Employers that add spousal eligibility limitations typically...
Miller, Peters Named Client Services Managers
MedBen is pleased to announce the promotions of two long-serving members of our Client Services team. Megan Miller has been named Manager of Client Services for MedBen Administrators, and Bethany Peters has been named Manager of Client Services for MedBen Rx. As...
Tackle Specialty Drugs with MedBen Rx’s Benefit Preservation Program
A recent Segal Health Plan Cost Trend Survey projects 2024 cost trend for prescription drugs to approach 10%... but specialty drug trend alone may reach 15% this year, as increased use of expensive drugs continues to drive costs up. (We've actually seen specialty drug...
Why Are Cancer Screenings Important?
A recent Wall Street Journal article on updated breast and colon cancer guidelines offers a useful reminder on the importance of following recommended cancer screenings, in terms of better outcomes and lower costs. First and foremost, by following a recommended cancer...
MedBen 2023 Client Satisfaction Survey Results
Here are results from MedBen Client Satisfaction Surveys received in 2023 (rating averages based on a 1-to-5 scale): Overall Satisfaction4.8 Claims Payment Accuracy4.8Claims Payment Turnaround4.7Client Services4.6Monthly Billing4.9 Whether you are totally satisfied...
Download the Annual Compliance Deadlines List
To keep you "in the know" about mandatory regulatory due dates for health plan sponsors, the MedBen Compliance team has again compiled a "Self-funded Plan Sponsors Annual Compliance Deadlines" list. MedBen clients can contact their Account Management team to receive a...
500+ Drugs Will See Price Increases in January
Pfizer, Sanofi, Takeda Pharmaceutical, and other drugmakers will raise the prices of more than 500 drugs in early January, according to an analysis by health care researchers 3 Axis Advisors. Inflation and rising manufacturing costs will contribute to the price...
Did You Know? IRS Revises Rules for Filing Electronic Returns
Last year, the IRS finalized rules requiring all employers filing 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 IRS,...
ChatGPT Gets Three-Quarters of Rx Questions Wrong
According to a Long Island University study, artificial intelligence tool ChatGPT’s answers to nearly 75% of drug-related questions were incomplete or wrong... and in some cases, even generated fake citations to support its answers. Researchers challenged the free...
Have Your Members Downloaded the MedBen Access Mobile App?
Based on client survey feedback, some plan members aren't aware that MedBen offers a mobile app... so we've created a flyer to help spread the word! MedBen Access has long been available online, but for those who prefer smartphone convenience, the MedBen Access mobile...
A Note from Our President & CEO
On behalf of the MedBen team, I wish you a happy and prosperous new year and thank you for your continued trust in MedBen. In 2023, we celebrated our 85th Anniversary. Those years have been marked by a variety of challenges and successes but I am particularly...
ACI Drug Pricing Beats the PBM “Spread”
Spread pricing is the difference between what pharmacy benefit managers (PBMs) charge health plans for drugs and what the pharmacy actually pays for them. Often, this “spread” can be substantial, as PBMs profit greatly from their lack of transparency… so it’s not...