HSA Contribution Limit Sees Smaller Increase for 2025
The IRS has announced its health savings account (HSA) contribution limits for 2025. The annual cost-of-living adjustments include a 3.6% increase in individual HSA contributions. This stands in sharp contrast to 2024, which saw a change of nearly 8% – the biggest...
Freeman Retires after 36 Years with MedBen; Harden Elected Chairman, Fraker Named President
At the recent Annual Meeting for MedBen, Doug Freeman, who for over 36 years served as President and later Chairman of Medical Benefits Mutual Life Insurance Co. (MedBen), retired from the Board of Directors. At the same meeting, Kurt Harden, previously MedBen's...
Time to Prepare for Your PCORI Filing!
As in year’s past, no later than July 31, 2024, all self-funded employer health plan sponsors are required to file and pay their PCORI fees. You may remember that as part of the Further Consolidated Appropriations Act of 2020, Congress extended the requirement that...
MedBen Client 2023 Federal CAA Required Pharmacy Submission Complete
You might remember that the Consolidated Appropriations Act of 2021 (CAA) requires all health plans to file a pharmacy data report annually to the Centers for Medicare & Medicaid Services (CMS). Each year, the Prescription Drug Data Collection reporting (RxDC)...
Peters Completes Community Leadership Program
MedBen Rx Manager of Client Services Bethany Peters recently completed the Community Leadership program offered through the Licking County (OH) Chamber of Commerce. The nine-month program teaches the importance of “strength-based” leadership and developing the...
Are You in Need of a Plan Compliance Review?
As our clients know, when you choose MedBen as your third party administrator, our dedicated Compliance Department performs a thorough check of your plan to ensure that it complies with applicable state and federal regulations. And our Compliance team continues to...
High-Cost Diabetes Drugs Increasingly Prescribed for Weight Loss
At recent MedBen University roundtables, MedBen President & CEO Kurt Harden examined how the growing public awareness of two diabetes drugs with a desirable side effect – significant weight loss – means that these $1,000-per-month medications are not always being...
MedBen Office Closed in Observance of Memorial Day
Our home office and client services will be closed on Monday, May 27 in observance of Memorial Day. We will reopen at 8:00 a.m. EDT on Tuesday, May 28. Plan members that need claims and benefits information during the holiday weekend (or any other time) can typically...
Most Americans at Risk for Heart Disease, but Proactive Wellness Helps
According to Medical Xpress, "Nine of 10 American adults are in the early, middle or late stages of a syndrome that leads to heart disease, a new report finds." However, proactive wellness can greatly reduce the risk of developing the disease. Based on the rates of...
Get the Actionable Reports You Want, When You Want Them
The MedBen Analytics employer dashboard offers over 100 reports providing member cost, quality, and predictive insights... and with our auto-generate feature, it's easy to get the actionable reports you want when you want them, either individually or bundled. As...
Municipality & Public Employer Roundtable Spotlights Proven Solutions and New Innovations
At the 18th Annual MedBen University Municipality & Public Employer Roundtable on April 24, clients were shown how MedBen's self-funding solutions are lowering medical and pharmacy spend while promoting healthier workplaces. Attendees were also introduced to...
“Lesser-Known” Saving Solutions Are Readily Available through MedBen
It's hardly shocking that in a new national benefits employer survey, 29 percent of respondents cited "reducing costs" as the most important consideration for employee benefit decisions. However, the steps some employers are using to lower their health plan spend may...