MedBen Closing Early on October 6 for Employee Recognition Event
On Friday, October 6, MedBen will be closing at 12:00 p.m. EDT for a company employee recognition event. We will reopen at 8:00 a.m. EST on Monday, October 9. As a reminder, many of your claims and benefits-related questions (including those pertaining to prescription...
MedBen Rx Humira Biosimilar Recommendation
Here's some cost-saving news for MedBen Rx clients. 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 variety of conditions from Crohn’s to rheumatoid...
HDHP/HSA 2024 IRS Guidelines Update
The MedBen Compliance team has updated its High Deductible Health Plan (HDHP)/Health Savings Account (HSA) summary to include 2024 IRS guidelines. In 2024, the HDHP minimum required deductible is $1,600 for self-only coverage ($3,200 for family coverage), while the...
Annual Wellness Exam Reminder
Believe it or not, the end of 2023 is fast approaching... so it's a good time to remind your plan members to schedule their yearly wellness exam! Many plans may require members to get their wellness exam by December 31 to stay compliant – and failure to do so could...
Alternative Reimbursement Strategies Save
By self-funding your health coverage, you will save money compared to a fully insured plan. But by going a step further with MedBen alternative reimbursement strategies – or even multiple steps further, as we'll explain below – you stand to save even more. In addition...
Diagnosis Code Required for Certain Ozempic Prescriptions
Important information for MedBen Rx clients using the Ventegra formulary: Effective October 1, an appropriate ICD-10 diagnosis code for type 2 diabetes will be required for certain Ozempic prescriptions and all other GLP-1 class medications. Ozempic and other GLP-1...
Fraker Discusses Drug Reimportation at Healthcare Innovation Conference
MedBen Senior Vice President Caroline Fraker was a featured speaker at the 10th Annual Sherrill-Morgan Healthcare Innovation Conference on September 15th. She spoke on the topic of drug importation, including the reimportation of U.S. manufactured prescription drugs...
FSA Purchase Substantiation Made Simple
Substantiating purchases made with a health flexible spending account (FSA) is crucial for ensuring eligibility for pre-tax status...so much so, that earlier this year the IRS released a memorandum stressing its importance. To make the process as straightforward as...
MedBen Solutions Battle Cost Increases
A new survey by International Foundation of Employee Benefit Plans found employers expect plan costs to increase seven percent in 2024. As to why, they gave a range of answers, with the top four reasons representing 71 percent of responses (see chart below). As it...
Compliance Reminder: Midyear Plan Changes Require Advance Notice
Q: Are plan sponsors required to provide members advanced notice when making midyear changes to the plans? A: Yes! Under the Affordable Care Act (ACA), there are two notification requirements that apply to changes made midyear. These notifications are in addition to...
MedBen Achieves ISO Recertification
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 customer...
MedBen Connect Personalizes Service with Expanded Health Goals Questionnaire
In order to provide a greater level of personal service to your plan members, we recently enhanced the MedBen Connect mobile services bundle with an expanded Health Goals questionnaire. The questionnaire allows our health care navigation platform to dive deeper into...