Dec 8, 2023 | Affordable Care Act, Announcements, Compliance, Form 1094, Form 1095, IRS, Regulatory
It is that time of year when self-funded employers need to start preparing for a critical health care reform mandate: Providing the IRS with an accurate accounting of health coverage for full-time employees via IRS Forms 1094 and 1095. Per the Affordable Care Act,...
Dec 7, 2023 | Giving Back, MedBen Employees, MedBen News
This year, MedBen partnered with Families Helping Families and House of New Hope, and received the Christmas wish lists of 14 children. Through multiple employee fundraising drives throughout the year, we were able to make sure each child’s “wish...
Nov 28, 2023 | Cancer, Cost Savings, Mental Health, Pharmacy, Prescription, Savings, Survey, Transparency
A recent survey of large employers by the Business Group on Health revealed considerations that self-funded plans expect to focus on in the coming year, including: Pharmacy costs. High-priced drugs and overall pharmacy costs are a source of concern for over 90% of...
Nov 27, 2023 | Case Studies, Claims, Claims negotiation, Cost Savings, Forensic claims review
A MedBen client realized an overall savings of 62% through repricing, forensic claims review, and provider negotiation. The client in question received a claim for IV infusion to a member with iron deficiency. After the PPO discount, MedBen saw an opportunity to...
Nov 24, 2023 | Cost Savings, MedBen Access, Member Prescription Portal, Mobile App, Online Services, Pharmacy, Prescription, Prescription Portal
In addition to the pharmacy solutions MedBen Rx provides to lower employer drug spend, plan members also have a great resource to help keep their prescription costs down. The MedBen Rx Prescription Portal, available through MedBen Access online or via our mobile app,...
