Jun 4, 2024 | Announcements, Consumer-driven Health Plans, FSA Store, Health Savings Accounts (HSAs), HSA Store, News
The IRS has announced its health savings account (HSA) contribution limits for 2025. The annual cost-of-living adjustments include a 3.6% increase in individual HSA contributions. This stands in sharp contrast to 2024, which saw a change of nearly 8% – the biggest...
May 29, 2024 | Announcements, Caroline Fraker, Doug Freeman, Kurt Harden, MedBen Board of Directors, MedBen Employees
At the recent Annual Meeting for MedBen, Doug Freeman, who for over 36 years served as President and later Chairman of Medical Benefits Mutual Life Insurance Co. (MedBen), retired from the Board of Directors. At the same meeting, Kurt Harden, previously MedBen’s...
May 28, 2024 | Affordable Care Act, Announcements, Compliance, PCORI, Regulatory
As in year’s past, no later than July 31, 2024, all self-funded employer health plan sponsors are required to file and pay their PCORI fees. You may remember that as part of the Further Consolidated Appropriations Act of 2020, Congress extended the requirement that...
May 24, 2024 | Announcements, Compliance, Consolidated Appropriations Act of 2021 (CAA), Regulatory
You might remember that the Consolidated Appropriations Act of 2021 (CAA) requires all health plans to file a pharmacy data report annually to the Centers for Medicare & Medicaid Services (CMS). Each year, the Prescription Drug Data Collection reporting (RxDC)...
May 23, 2024 | Announcements, MedBen Employees
MedBen Rx Manager of Client Services Bethany Peters recently completed the Community Leadership program offered through the Licking County (OH) Chamber of Commerce. The nine-month program teaches the importance of “strength-based” leadership and developing the...
