Nov 1, 2020 | Affordable Care Act, Announcements, Compliance
To help clients keep track of the various limitations associated with health care reform, the MedBen Compliance team has compiled “ACA by the Numbers,” a downloadable summary of the key financial components under the Affordable Care Act. The limitations...
Oct 31, 2020 | COVID-19, MedBen Analytics, Mental Health, Reporting
A recent poll found that 78 percent of adults say the pandemic is adding more stress to their lives, and 19% percent feel their mental health is worse than it was a year ago. Based on the MedBen Analytics COVID-19 Impact Dashboard, our block of business saw mental...
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...
