MedBen Rx Has Solutions for Rising Specialty Drug Costs
From earlier this year: "Health plans and pharmacy benefit managers (PBMs) that manage drug costs... say specialty drugs now account for 50% or greater of the total prescription spending they manage. In some cases, employer clients are seeing specialty costs account...
IRS Issues Final Rule to Grant Automatic Extensions for 1095 Reporting
First, the good news: Just in time, the IRS has issued a final rule making permanent the automatic 30-day extension deadline to furnish employees their Affordable Care Act (ACA) 1095 forms. The final rule (Information Reporting of Health Insurance Coverage and...
Pharmaceutical Companies Represent Nearly 2/3rds of Top Health Care Lobbyists
A review of the biggest spenders in health care lobbying by OpenSecrets reveals that, in the leadup to the 2021-22 election cycle, 16 of the top 25 lobbyists were pharmaceutical & health product organizations (see table below). The top health care lobbyist,...
MedBen Announces Promotions of Hupp, Lowe
MedBen is pleased to announce the promotions of Brooke Hupp and Lindsay Lowe to Regional Sales Directors. As members of the MedBen Sales team, Hupp has served current and prospective clients in portions of Ohio, Kentucky, and Tennessee since 2014, while Lowe has...
Season’s Greetings from MedBen!
MedBen will be closed on Monday, December 26 to celebrate the Christmas holiday, and reopen at 8:00 a.m. EST on Tuesday, December 27. For the New Year’s holiday we will be closed on Monday, January 2, and reopen at 8:00 a.m. EST on Tuesday, January 3. Remember that if...
Gene Therapy: Big Benefits at a Big Cost
The Self-Insurer magazine recently examined the emergence of innovative gene therapies that carry substantial benefits... and hefty price tags. The FDA just approved a hemophilia B gene therapy that costs $3.5 million a dose, making it the world's most expensive...
NSA Employee Q&A Available for MedBen Clients
The No Surprises Act and Transparency in Coverage rules (NSA) have prompted a number of questions about how it affects employer plan sponsors... so it should come as, well, no surprise that plan members also have their own questions about what the rules mean to them....
Latest Weight Loss Drug Fad Comes with Cautions… and a High Cost
The latest "Hollywood weight-loss drug" has generated interest for its pound-shedding potential, but doctors caution that its benefits should be measured against other factors. Approved by the FDA in 2017 for type 2 diabetes treatment, Semaglutide (sold under the...
Looking for Great Stocking Stuffers?
Do you have FSA members who still need to spend down their remaining funds before year's end? Remind them that many health care products also happen to make great stocking suffers! FSA Store carries a variety of FSA-eligible items that fit perfectly into a Christmas...
MedBen Employees Play Santa Again
The MedBen staff has once again doffed its oversized Santa cap to help local children have a special Christmas this year! Since 1999, MedBen has participated in Families Helping Families. Led by Licking County Job and Family Services (LCJFS), this program provides...
Don’t Let Members Leave FSA Pre-Tax Dollars on the Table
In 2021, U.S. consumers spent $491 billion on out-of-pocket health care costs... but only $95 billion of those expenses were paid for with pre-tax dollars. For health plan members who have a flexible spending account (FSA) and aren't taking full benefits of their tax...
It’s Time to Prepare for Filing Your 1095s
Now is the time for self-funded employers to start thinking about and complying with a critical health care reform mandate: Providing the IRS with an accurate accounting of health coverage for full-time employees via IRS Forms 1094 and 1095. Per the Affordable Care...