Oct 27, 2023 | Anniversaries, Announcements, MedBen Employees
Six MedBen team members are celebrating a noteworthy event in 2023… their 25th anniversaries with us! We’re proud of our long-time association with each one of them, and their contributions to our growth and continued success cannot be overstated. Below, we spotlight...
Oct 26, 2023 | Announcements, Compliance, IRS, PCORI
On October 18, the IRS issued Notice 2023-70, which increased the Patient-Centered Outcomes Research Institute (PCORI) fee from $3.00 per covered life to $3.22 per covered life for policy and plan years that end on or after October 1, 2023 and before October 1, 2024....
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...
