Looming Fully-insured Premium Increases Call for Self-funding Solutions
Fully-insured employers may soon face double-digit premium increases... a good reason to explore making the switch to self-funding solutions.Benefits PRO reports:"Marketplace insurers are proposing a 10% premium rate hike in 2023 in 13 states and DC. An analysis of...
More than Half of Young U.S. Adults Dealing with Chronic Conditions
High blood pressure, high cholesterol, and asthma are among the chronic health conditions affecting over half of young U.S. adults, according to new federal data.Researchers from the the U.S. Centers for Disease Control and Prevention found that nearly 54% of...
Important Reminder Regarding Required Contraceptive Coverage Under ACA
As you are likely aware, the Affordable Care Act (ACA) requires that all non-grandfathered group and individual health insurance plans provide access to FDA-approved contraceptives, including related contraceptive counseling and medical services, without cost-sharing...
MedBen FSA Debit Card Offers Simplicity & Savings
We're nearly two-thirds of the way through 2022... so if your plan offers members a MedBen FSA debit card, it's a good time to remind them about its benefits! When members use their card to pay for qualified purchases, they don't have to substantiate those expenses –...
MedBen Closed September 5 in Observance of Labor Day
MedBen will be closed on Monday, September 5 in observance of Labor Day. We will reopen at 8:00 a.m. EDT Tuesday, September 6. Even when we’re closed, MedBen Access stays open. You can find fast answers for your claims and benefits questions by going to our online...
Employers Rank Health Care as Most Important Benefit
Already ranked as the most important employee benefit an organization can offer its workers, health-related benefits have taken on even greater significance since the onset of COVID-19, according to the 2022 SHRM Employee Benefits Survey. As shown in the graph below,...
Combat High-cost Drug Marketing with Comparative Effectiveness
From Benefits Pro: "The median launch price of a new drug in the US soared from $2,115 in 2008 to $180,007 in 2021, a 20% annual inflation rate over the period, researchers at Harvard-affiliated Brigham and Women’s Hospital in Boston found."Contributing to these...
HealthJoy TPA+ Offers a Connected Experience for All Your Benefits
Among the advantages of the HealthJoy TPA+ technology experience is the ability to integrate your entire benefits package into one platform... even benefits not administered by MedBen. The HealthJoy implementation team will handle the integration process on your...
Cancer, Cardiac Claims Account for 38% of Stop-Loss Payments
Cancer and cardiovascular conditions account for over one-third of stop-loss reimbursements, according to a recent report from stop-loss carrier Sun Life.As the chart below shows, the top three conditions represent 38% of total payments. Additionally, 70% of all...
Telehealth Remains Popular… Especially for Mental Health Care
With the rise of COVID-19 came a corresponding increase in telehealth use. And while the number of virtual care visits have fallen since its initial spike in 2020, usage remains comparatively high from pre-COVID levels... an indication that telehealth isn't going away...
The First Step to Achieving “Life’s Essential 8”
Most Americans score just so-so on a heart health checklist, according to the American Heart Association. "Life's Essential 8" lists the metrics that contribute to optimal heart health – metrics that can be achieved through lifestyle changes and a proactive wellness...
Avoid the PBM Rebate Games
MedBen Rx has prepared a whitepaper detailing the games pharmacy benefit managers (PBMs) play with administrative and rebate credits. PBMs focus on fixed cost savings to make you think you’re saving on prescription costs… but a closer look reveals that you’re going to...