Oct 17, 2023 | Cost Savings, Leveraged trend, Savings, Stop-Loss, Trend
Have you ever received a larger-than-expected stop-loss premium increase and your carrier blamed “leveraged trend”? Well, here’s what they mean. The fact that rising claim costs contribute to higher plan costs may be self-evident… but not just in ways that are...
Oct 16, 2023 | Cost Savings, MedBen Rx, Pharmacy, Prescription, Rx Costs, Savings
From a new report published by the U.S. Department of Health & Human Services: “Over the period from January 2022 to January 2023, more than 4,200 drug products had price increases, of which 46 percent were larger than the rate of inflation. The average drug...
Oct 13, 2023 | Anniversaries, Announcements, MedBen Employees
At a recognition event on October 6. MedBen honored employees who are celebrating benchmark anniversaries with the company in 2023. We congratulate all this year’s celebrants and thank you for everything you do for our clients! Three employees are observing 30...
Oct 12, 2023 | Ancillary services, Preventive Care, Vision, VisionPlus
Recent updated guidance from the American Optometric Association recommends annual eye exams for all adults 18 and older in order to detect vision problems as soon as possible. “Comprehensive eye exams provide the opportunity for early detection of eye...
Oct 3, 2023 | MedBen Rx, Pharmacy Benefits Manager (PBM), Rebates, White paper
In their continuing quest for bigger profits, major pharmacy benefit managers (PBMs) have adapted a new tactic: clever wordplay. What was once known as a “rebate” – a partial refund of the drug payment back to the plan – now goes by a variety of other...
