Oct 30, 2020 | Alternative Plan Design, Alternative Reimbursement Strategies, Cost Savings, Direct-to-Employer Contracting, MedBen Rx, Pharmacy Benefits Manager (PBM), Plan Design, Reference-Based Pricing, Rx Costs, Savings, Telehealth, Telemedicine
Three-quarters of employers plan to adopt alternatives to traditional health plans over the next three years, a new study finds. For our clients, this change is already well underway with MedBen delivering cost-saving solutions. Alternative reimbursement strategies...
Oct 29, 2020 | Consumer-driven Health Plans, Flexible spending accounts (FSAs), Health reimbursement arrangements (HRAs), IRS, News
The IRS has announced 2021 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) remains unchanged from 2020 at $2,750. The...
Oct 28, 2020 | Announcements, IRS, Kurt Harden, Quality
At MedBen’s most recent ISO 9001:2015 audit, we showed our commitment to maintaining high quality standards… and as the following excerpt notes, these standards played a crucial role when the pandemic hit: “Transition to work at home went very well...
Oct 18, 2020 | Affordable Care Act, Compliance, IRS, News
The Internal Revenue Services (IRS) has extended the deadline for distributing IRS Form 1095 to employees from January 31, 2021 to March 2, 2021. Now is the time for self-funded employers to start thinking about and complying with a critical health care reform...
Oct 17, 2020 | COVID-19, Employer Dashboard, MedBen Analytics, Preventive Care, Primary Care, Telehealth
Using data from the MedBen Analytics COVID-19 Impact Dashboard, a review of office visit activity in 2020 shows that: The pandemic led to a steep decline in office visits, with a 47% decrease from January to May. Routine care dropped 49%, while preventive care fell...
