Rx Plans Focusing on Best Outcomes Also Deliver Healthier Bottom Line
MedBen Rx clients can save between 10-30% by using comparative effectiveness focusing on the best drug outcomes. One way it does this is by dispelling the costly misperception that "new is better." “A new FDA approved drug doesn’t mean it’s better than existing...
IRS Releases 2022 HSA Cost-of-Living Adjustments
The IRS recently announced its annual cost-of-living adjustments affecting health savings accounts (HSAs) for calendar year 2022. HSA Contribution Limits – The annual HSA contribution limit for individuals with self-only high-deductible health plan (HDHP) coverage...
MedBen Office Closed in Observance of Memorial Day
Our home office and client services will be closed on Monday, May 31 in observance of Memorial Day. We will reopen at 8:00 a.m. EST on Tuesday, June 1. Plan members that need claims and benefits information during the holiday weekend (or any other time) can typically...
2021 Client Report Coming Soon!
In the 2021 MedBen Client Report, we look at how MedBen continues to provide superior service and cost savings regardless of circumstances. You will find examples of how MedBen delivers the best claims management, plan design and reimbursement strategies, expanded...
MBU Season Continues with 5th Annual Employer Roundtable
Over 70 clients and brokers attended the MedBen University (MBU) Virtual Roundtable on April 29. The online event, open to both public and private employers, highlighted recent cost and utilization trends by industry and product. MedBen's net claims cost trend from...
Get Access to the MedBen Analytics Employer Dashboard Today
The MedBen Analytics Employer Dashboard is actually three dashboards – Financial, Utilization, and COVID-19 – rolled into one. By choosing from the sidebar menu, you instantly generate interactive charts and graphs using your selected date ranges and benchmarks. With...
Telehealth Visits Soar Over 13,000% in 2020
While it may come as no surprise that the use of telehealth in place of in-person office visits would jump during a pandemic, it may still shock you to know just how substantial that jump was in 2020: 13,187%. As the MedBen chart above indicates, telehealth pre-COVID...
MedBen University Conducts 15th Annual Municipality Roundtable
"From 2016 to 2020, MedBen’s municipality block averaged a minimal 1% annual trend on total claims costs," said MedBen VP of Sales & Marketing Brian Fargus at the MedBen University Virtual Municipality Roundtable on April 15. Over 75 clients and brokers attended...
CDC Urges Americans to Get Cancer Screenings
Radiation oncologists have seen an increase in new patients with advanced-stage cancers coming into clinics for treatment since the start of the pandemic. In response, the Centers for Disease Control and Prevention is urging Americans to schedule recommended cancer...
New MedBen Rx Program Reduced Client Diabetic Drug Spend by 77%
MedBen Rx Comparative Effectiveness uses evidence-based research to make sure your members are taking the most effective drugs at the best cost. A MedBen Rx client recently changed their formulary by using Comparative Effectiveness to focus on drugs that would produce...
Masks and Hand Sanitizer Now FSA/HRA/HSA-Eligible
The IRS has announced that purchases of personal protective equipment (PPE) qualify for reimbursement under a health flexible spending account (FSA), health reimbursement arrangement (HRA), or health savings account (HSA). Eligible PPE products now include paper and...
Annual Broker Roundtable Kicks Off 2021 MedBen University Season
MedBen University (MBU) kicked off its 20th season with the annual Broker Roundtable. Like last year, this event was held virtually, with over 100 in attendance from five states. Topics for the roundtable included cost and utilization trends by industry and product,...