Jan 10, 2025 | Drug costs, Drug reimportation, News
Pharmaceutical companies are planning to increase prices on over 250 brand-name medications in the United States at the beginning of 2025, according to an analysis by health care research firm 3 Axis Advisors. That’s a notable drop from last January, during...
Jan 9, 2025 | Affordable Care Act, Compliance, Deadlines, IRS, Medicare, PCORI, Regulatory
The MedBen Compliance team has prepared the 2025 “Self-funded Plan Sponsors Annual Compliance Deadlines” list to help you stay current with all mandatory health plan regulatory requirements. MedBen clients can acquire this valuable reference document...
Jan 8, 2025 | Explanation of benefits (EOB), Health flexible spending account (FSA), Health reimbursement arrangements (HRAs), MedBen Access, Mobile App, Online Services
Only about 10% of plan members have opted for electronic explanation of benefits (EOBs) through MedBen Access, but making the switch offers advantages beyond saving paper (though that’s certainly a plus). By using MedBen Access online or through the mobile app,...
Dec 31, 2024 | Client Feedback, Client Services, Client Surveys, Innovations, Kurt Harden, Self-funding, Stability, Third party administration, Transparency
On behalf of the MedBen team, I wish you all the best for the new year and thank you for your continued trust in MedBen. While MedBen has been serving employer groups since 1938, this past year our company marked 35 years of providing third party administration to...
Dec 30, 2024 | Cost Savings, Direct-to-Employer Contracting, Formularies, Health care costs, Networks, Pharmacy Benefits Manager (PBM), Research
A recent “Pulse of the Purchaser” survey offers interesting insights about strategies employers are using to successfully lower their medical and pharmacy costs… strategies that, not surprisingly, have long been in use by many MedBen clients. Among...
