MedBen Rx Solutions Help Fight Drug Price Hikes
The prices of 260 popular brand-name prescription drugs rose 3% from 2019 to 2020 – twice as much as the 1.3% rate of inflation during the same period, according to a new AARP report. Their analysis also found that over the past 15 years, prices of 65 common brands...
Shop for Summer Suncare Essentials with FSA Dollars
As we're nearly halfway through the year, this is a good time to check your FSA balance... and as it happens, it's also an ideal time to stock up on summer wellness essentials. The FSA Store makes it easy to shop for qualified sun care products, including sunscreen,...
MedBen Rx Clients are Saving More. Why?
MedBen Rx clients save 21.6% when switching from traditional PBMs. What accounts for such a substantial difference? With MedBen Rx you pay what the pharmacy pays – we use the drug's acquisition cost as a baseline to reduce your costs. MedBen Rx offers total...
Recommended Colonoscopy Age Lowered to 45 Years Old
On May 18th, the United States Preventive Services Task Force added a new recommendation regarding colonoscopies. The current guidance recommends colorectal cancer screenings for adults aged 50 to 75 years (“A” designation), while the new recommendation extends...
View Mid-Year Reports with Employer Dashboard
MedBen Analytics offers a variety of customizable, downloadable reports in addition to the employer dashboard. These reports incorporate predictive modeling that forecasts future activity, to help you make informed decisions about plan changes as we reach the mid-year...
Employer Saves $1.41 Million through Direct-to-Employer Contracting
A MedBen Client switched from a traditional PPO plan to direct-to-employer (DTE) contracting in 2016. They contracted directly with multiple health systems, and paid for non-contracted care using reference-based pricing (RBP). By contracting with selected health...
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...