HDHP/HSA 2021 IRS Guidelines Update
MedBen Compliance has updated its High Deductible Health Plan (HDHP)/Health Savings Account (HSA) summary to include 2021 IRS guidelines. In 2021, the HDHP minimum required deductible will remain at $1,400 for self-only coverage ($2,800 for family coverage), while the...
A Health Plan Performance Snapshot… at Your Fingertips
If you’ve participated in a recent plan review with your Account Management team, you’re likely familiar with the Health Plan Snapshot, a report offered through MedBen Analytics. What you may not know is that as the plan administrator, you also can easily generate...
MedBen WellLiving Clients See Lower Costs, Higher Compliance Rates
MedBen WellLiving quality metrics beat national averages by 17.2%. And WellLiving clients are not only performing better on quality metrics, they’re also performing better financially: Claim costs per employee for WellLiving clients trended at 3.2% between 2016 and...
MedBen Closed September 7 in Observance of Labor Day
MedBen will be closed on Monday, September 7 in observance of Labor Day. We will reopen at 8:00 a.m. EST Tuesday, September 8. 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...
MedBen Rx Advocate Continues to Save
Three-quarters of MedBen clients have switched to MedBen Rx Advocate for their pharmacy benefits. “And when they do, they are saving money,” said Brian Fargus, MedBen's VP of Sales & Marketing. In 2019 MedBen Rx clients saved 12.0% average cost per script, and an...
MedBen Analytics Employer Portal: A Resource for Plan Administrators
As a plan administrator partnered with MedBen, you have access to MedBen Analytics… at no cost. This online portal offers a variety of valuable and actionable data, from medical and prescription claims to a COVID-19 Impact Dashboard. All the information provided on...
Why Do Employers Self-Fund Their Health Plans?
That’s easy… Self–Funding saves money. Within a five-year period, self-funding offers a 95% chance of outperforming a fully insured plan. Also, a self-funded employer owns their data. This allows the employer to make informed decisions based on their needs, not the...
Reminder: COVID-19 Resource Center on MedBen.com
There have been many changes that have occurred during this COVID-19 pandemic. While MedBen is here to help with any questions you may have regarding federal and state regulation updates, we also want to remind you that we have created an online COVID-19 Resource...
2020 Client Report: Self-Funding Saves. MedBen Delivers.
“Studies have found that within a five-year period, self-funding offers a 95% chance of outperforming a fully-insured plan” states MedBen President and CEO Kurt Harden in the opening of the MedBen 2020 Client Report. And in this year’s report, we offer evidence of how...
MedBen Reference-Based Pricing Benefits Employers with Lower Costs, Better Wellness Outcomes
Now that one-third of MedBen's block of business uses some form of reference-based pricing (RBP) or direct-to-employer (DTE) contracting, these alternative reimbursement strategies are outperforming standard PPO plans in multiple ways. In terms of costs, MedBen...
Comparing Health Care Usage from 2019 to 2020
As the world has changed from the pandemic, so too has health care utilization. Comparing the months of January-June 2019 to January-June 2020 for the MedBen block of business, we find that per member: The biggest decreases in utilization are for surgical inpatient...
Hupp Completes Chamber Leadership Program
MedBen Regional Sales Manager Brooke Hupp recently completed the Community Leadership program offered through the Licking County (OH) Chamber of Commerce. The nine-month program teaches participants the importance of "strength-based" leadership and developing the...