Oct 20, 2019 | Claims Management, Savings
Health care can already be expensive, so why allow unnecessary costs? Unfortunate but true, waste accounts for about 25% of U.S. health care spending – and with self-funding, that can be a sizable expense for an employer. At MedBen, we work to keep clients’ money...
Oct 19, 2019 | Cholesterol, Preventive Care, Primary Care, Wellness
High cholesterol is nothing new; In fact, a recent discovery found that four-thousand-year-old mummies had cholesterol buildup in their arteries, suggesting that heart disease was likely more common in ancient times than once thought. Today, more than 35 million...
Oct 18, 2019 | MedBen Rx, MedBen Rx Advocate, Pharmacy Benefits Manager (PBM), Prescription, Rx Costs, Spread Pricing, Transparency
A key to reducing pharmacy plan costs is to eliminate the use of spread pricing – the difference between what pharmacy benefit managers (PBMs) charge employer plans for drugs and what the actual pharmacy pays for them. Often, this “spread” can be substantial, as PBMs...
Oct 18, 2019 | Client Feedback, ISO, News, Quality
As a MedBen client, your feedback is essential to helping us to maintain quality in everything we do. For that reason, when you fill out a MedBen Client Satisfaction Survey, we encourage you to share your thought with us. During our semi-annual ISO 9001 audits,...
Oct 14, 2019 | Compliance
Working on your 2020 health plan budget? If so, you’ll want to keep the following limitations and penalties in mind. The following apply as of the first day of your plan’s 2020 plan year: Standard Plan In-Network Out-of-Pocket Maximums $8,150 for self-only...
