Jan 22, 2024 | Access solutions, Benefits preservation, MedBen Rx, Pharmacy, Prescription, Specialty Drugs
A recent Segal Health Plan Cost Trend Survey projects 2024 cost trend for prescription drugs to approach 10%… but specialty drug trend alone may reach 15% this year, as increased use of expensive drugs continues to drive costs up. (We’ve actually seen...
Jan 19, 2024 | Breast cancer, Cancer, Colon Cancer, MedBen WellLiving, Preventive Care, Primary Care, Wellness, Wellness exam, Wellness screenings
A recent Wall Street Journal article on updated breast and colon cancer guidelines offers a useful reminder on the importance of following recommended cancer screenings, in terms of better outcomes and lower costs. First and foremost, by following a recommended cancer...
Jan 9, 2024 | Announcements, Client Feedback, Client Surveys
Here are results from MedBen Client Satisfaction Surveys received in 2023 (rating averages based on a 1-to-5 scale): Overall Satisfaction4.8 Claims Payment Accuracy4.8Claims Payment Turnaround4.7Client Services4.6Monthly Billing4.9 Whether you are totally satisfied...
Jan 8, 2024 | Affordable Care Act, Compliance, Deadlines, Forms, IRS, Medicare, PCORI, Reporting
To keep you “in the know” about mandatory regulatory due dates for health plan sponsors, the MedBen Compliance team has again compiled a “Self-funded Plan Sponsors Annual Compliance Deadlines” list. MedBen clients can contact their Account...
Jan 4, 2024 | e-File, Electronic forms, Form 1094, Form 1095, IRS
Last year, the IRS finalized rules requiring all employers filing 10 or more returns to make those filing electronically, via the IRS’ e-File system. The 10-form threshold is determined based on the total number of forms the employer is required to file with the IRS,...
