Aug 24, 2021 | Alternative Reimbursement Strategies, Cost Savings, Direct-to-Employer Contracting, Reference-Based Pricing, Spending
MedBen clients spend an average of 23.5% less when using direct-to-employer contracting (DTE) or reference-based pricing (RBP) plans. But how do our alternative reimbursement strategies affect spending for specific types of patient care? For inpatient care, MedBen...
Aug 23, 2021 | Cancer, Claims, COVID-19, Mental Health, Stop-Loss
Cancer continues to be the most costly medical condition, according to a recent report from stop-loss carrier Sun Life. In 2020, cancer cases that resulted in stop-loss claims increased by 16%, and cancer drugs made up nine of the top ten high-cost drug claims. The...
Aug 20, 2021 | Announcements, Flexible spending accounts (FSAs), FSA Store, MedBen Access, MedBen Employees, Mobile App, Online Services
MedBen will be closed on Monday, September 6 in observance of Labor Day. We will reopen at 8:00 a.m. EST Tuesday, September 7. Just a reminder that a variety of claims and benefits services can be found at MedBen Access, available online or by downloading our mobile...
Aug 10, 2021 | Cost Savings, MedBen WellLiving, Savings, Trend
Last year, MedBen’s WellLiving block had 8.8% less claim costs compared to those who didn’t utilize WellLiving. But that number doesn’t tell the whole story. Over the past five years, the cost gap between WellLiving and non-WellLiving members has continued to...
Aug 9, 2021 | Brand Name Drugs, Comparative Effectiveness, Cost Savings, Generic Drugs, MedBen Rx, Rx Costs, Savings
Generic doesn’t always mean cheap. As this list recently compiled by GoodRx demonstrates, the monthly cost of some popular generic drugs can actually rival or exceed well-known brand medications. MedBen Rx comparative effectiveness ensures that members are using...
