Nov 30, 2021 | Case Studies, Cost Savings, MedBen Rx, Pharmacy Benefits Manager (PBM), Prescription, Rx Costs, Savings
In their first year with MedBen Rx, a regional health system lowered costs by $4.6 million through pharmacy savings and added revenue. This includes a 30% reduction in employee pharmacy plan spend. The health system had previously entered into three-year agreement...
Nov 29, 2021 | Consumer-driven Health Plans, Flexible spending accounts (FSAs), FSA Store
Every year, Americans forfeit over $500 million in unspent FSA funds. With the December 31 spending deadline approaching for many FSA plans, you’ll want to act fast so you don’t count yourself among them. FSA Store makes it easy to use your remaining FSA...
Nov 26, 2021 | Cancer, Cost Savings, MedBen WellLiving, Preventive Care, Savings
Care for the 15 most prevalent types of cancer in the United States cost approximately $156.2 billion in 2018, a new study finds. Drugs for breast, lung, lymphoma and colorectal cancers incurred the highest costs. “Cancer is … actually overtaking heart disease as the...
Nov 11, 2021 | Announcements, Cost Savings, Out of network, Savings
MedBen is pleased to partner with The Phia Group to offer Unwrapped, an innovative way to save your plan money on out-of-network claims – up to 76% off of billed charges. Unwrapped allows out-of-network claims to be paid at a percentage of Medicare, replacing costly...
Nov 10, 2021 | Consumer-driven Health Plans, Flexible spending accounts (FSAs), Health reimbursement arrangements (HRAs), IRS
The IRS has announced 2022 cost-of-living adjustments for certain tax provisions related to consumer-driven plans: The limit on voluntary employee salary reduction contributions to a health flexible spending account (FSA) increases $100 from 2021 to $2,850. The...
